Nathaniel Allard

Hexion Inc. – Assisted in the representation of the official committee of unsecured creditors of Hexion Inc. Burdened by approximately $3.8 billion of debt, near-term maturities and liquidity issues, the company sought Chapter 11 protection in federal court in Wilmington, DE, on April 1, 2019, with an RSA supported by various secured and unsecured noteholder groups.

Toys “R” Us – Assisted in the representation of the Official Committee of Unsecured Creditors in the bankruptcy cases of Toys “R” Us Inc. and certain of its direct and indirect subsidiaries. The company is the world’s leading dedicated toy and baby products retailer, with nearly 65,000 employees worldwide and approximately 1,900 locations in 38 countries. Burdened by more than $5 billion of financial debt, the company sought Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, on Sept. 18, 2017. 

Caesars Entertainment – Assist in the representation of an ad hoc group of institutions holding approximately $3.6 billion in first-lien bonds issued by Caesars Entertainment Operating Co. (owner and operator of Caesars Palace and 30 other casinos and resorts under the Bally’s, Harrah’s and Horseshoe brands, among others) in connection with the bankruptcy of the company.

Residential Capital – Assist in the representation of the Official Committee of Unsecured Creditors in the largest bankruptcy of 2012. The committee played a key role in the process of selling ResCap’s residential mortgage servicing and origination business and its loan portfolio and also led the negotiation of a $2.1 billion settlement between Ally Financial, ResCap and its major creditor constituencies. The Chapter 11 plan, co-proposed by the committee, was confirmed after a two-phase trial lasting more than ten days.

Residential Capital – Assist in the representation of the ResCap Liquidating Trust in connection with the resolution of disputed claims and advising on general corporate matters post-confirmation.