Glenn Agre lawyers represent parties with major stakes in many of the nation’s largest in-court and out-of-court restructurings, including, in recent years, the bankruptcies of Hertz Global, Garrett Motion Inc., and the Title III restructuring of Puerto Rico’s debt. We focus on high-value restructuring and creditors’ rights matters, often involving contested Chapter 11 plan confirmations and intercreditor litigation. We also have a closely related Distressed Debt and Claims Trading practice that advises clients on transactions involving distressed debt, bankruptcy claims, and special situations.
While not every restructuring involves litigation, Glenn Agre believes that a credible litigation reputation and the willingness to take matters to the courtroom are essential to maximizing recoveries for creditors and other stakeholders. All of our restructuring lawyers therefore bring significant litigation experience to their practices—an approach exemplified by practice group leader Andrew Glenn, widely recognized as a leading first-chair trial lawyer and restructuring advocate. For Andrew, and for our practice group as a whole, our equally strong abilities in the courtroom and in workout negotiations complement each other, leading to better results for our clients.
We represent the full range of stakeholders in bankruptcy proceedings, out-of-court restructurings, and other situations involving entities in economic distress. Our regular clients include:
Glenn Agre lawyers have a well-established reputation for designing creative solutions for distressed situations—and in so doing, creating great value for our clients. Our creative mindset explains how we orchestrated an unprecedented deal that provided a billion-dollar payout to shareholders in the Hertz Global bankruptcy. Glenn Agre also has repeatedly proven its ability to frame issues in ways that persuade judges and other decisionmakers. The firm pushed a message of shareholder democracy, for instance, in negotiating a restructuring plan favorable to shareholders of Garrett Motion Inc., in the turbo-charger-maker’s Chapter 11 proceedings. (Glenn Agre represented the official committee of equity securities holders). Members of our team also represented a group of investment funds regarding their $2 billion investment in bonds issued by the Commonwealth of Puerto Rico and its instrumentalities in the largest restructuring in the history of the Commonwealth’s $120 billion of debt. Our thought leadership in intense mediation and multiple litigations helped to craft the initial restructuring deal that ultimately culminated in confirmation of a plan of adjustment in March 2022.
Our creativity and ability to shape compelling arguments have assisted us in representing:
Our Distressed Debt and Claims Trading practice assists sophisticated hedge funds and institutional credit investors of all sizes in transactions involving the acquisition and disposition of distressed investments. Using innovative strategies to maximize value and minimize risk, our multifaceted approach offers our clients a unique perspective as we analyze highly complex restructuring, credit, and liquidity issues in a competitive credit space.
We represent financial market participants, regularly including: