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Bankruptcy & Reorganization
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Duane Morris bankruptcy lawyers were part of the team recognized with the prestigious 2010 Turnaround of the Year Award for their work reorganizing Sleep Innovations Inc. After handling its chapter 11 filing, the team worked with Carl Marks Advisory Group and other professionals to reorganize the sleep product manufacturer, resulting in an EBITDA turnaround from an $18.3 million loss in 2008 to a gain of $29.2 million in 2009—a nearly $48 million improvement in 12 months. |
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"In my two decades as a lender to auto dealers, I've turned to Duane Morris time and time again. Each experience confirms that I've selected the right counsel for the job. Handling our financing and documentation needs, or stepping in when workout or restructuring advice is needed, Duane Morris can be counted on to offer smart solutions to complex problems. Over the years as I've moved through the industry, I've always kept in touch with my Duane Morris lawyers. Hiring them to represent our interests is among the easiest decisions I've ever made. The fact that they understand both our business as lenders and the business of my auto dealer debtors is invaluable to me." DAVID L. STEVENSON |
A Step Ahead
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Chambers USA 2010 on Duane Morris' Bankruptcy Practice:"This strong team advises on national bankruptcy and cross-border insolvency cases, insurance company receiverships and the enforcement of creditors' rights, and negotiates and drafts out-of-court financial restructuring transactions. Sources say: 'A high-caliber shop whose lawyers have a good depth of experience and knowledge' and 'The bankruptcy team has talented attorneys and is dedicated to client service.'"
SAMUEL T. BYRNE |
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"In the late 1950s, Sleepy's founder Harry Acker taught his salespeople not only how to sell mattresses, but also how to listen carefully to their customers' needs. His approach has helped make Sleepy's the largest specialty mattress retailer in America. Our lawyers at Duane Morris take the same approach: They listen to us as clients, and they understand our business, our industry and what's important to us. We turned to Duane Morris to represent Sleepy's in our acquisition of Dial-A-Mattress' assets out of bankruptcy. Our Duane Morris lawyers helped us to navigate every aspect of the deal, including the debtor-in-possession financing that was a necessary bridge to the sale; complicated IP, franchising and labor and employment issues that came up; and, of course, the many bankruptcy and corporate issues involved in such a complex transaction. Duane Morris provided us with thoughtful advice, presenting clear options and working with us to get the deal done. With lawyers who take customer satisfaction so seriously, we can rest easy." ADAM BLANK
"The Chubb Group's insurance companies have been involved in some of the largest and most well-known bankruptcies and international workouts in history, including Enron, WorldCom, MyTravel Group plc, Aquila Inc. and Walter Bau AG. We selected Duane Morris to represent our interests in these and other matters because the attorneys at Duane Morris have the tested experience and talent to navigate complex cases involving thousands of creditors and billions of dollars." RICHARD TOWLE |
Duane Morris was named a 
"Duane Morris' diligent efforts and tremendous insights into bankruptcy law and the reorganization process gave CrossHarbor the advantage it needed to be successful in its efforts to acquire Yellowstone Club. The case was extraordinarily complicated and contentious, with a number of twists and turns along the way. The 
