Rich Ramirez

Rich has represented:

• An ad hoc group of non-RSA secured lenders, in the Chapter 11 cases of Cineworld Group PLC.  
• The Official Committee of Equity Securities Holders of Sorrento Therapeutics, Inc. in its Chapter 11 cases.  
• A second lien noteholder, in the Chapter 11 cases of Mallinckrodt PLC.
• A real estate technology company in multiple adversary proceedings alleging fraudulent conveyance and state law claims.
• A retail company in its involuntary bankruptcy proceeding, which was successfully dismissed.
•  A former debtor and its affiliates as appellees, in a bankruptcy appeal related to the Chapter 11 cases of 710 Long Ridge Road Operating Company II, LLC.  
• A debtor, in the Chapter 11 case of CII Parent, Inc.  
• The former general counsel of McKinsey in a RICO action alleging misconduct in connection with restructuring work performed in multiple bankruptcies extending over 20 years.
• An ad hoc group of lenders of Avaya Inc. as litigation counsel.
  
• The ad hoc committee of shareholders of Hertz Global, Inc., in its Chapter 11 cases. Glenn Agre structured a winning bid for a group of investors in collaboration with Knighthead Capital Management and Certares Management LLC that valued Hertz at $7 billion, offered it a path out of Chapter 11, and gave shareholders what was once thought impossible: $8 per share, marking a positive return on any stock bought after the company’s bankruptcy filing.
• The Official Committee of Equity Securities Holders of Garrett Motion Inc., a manufacturer of turbochargers, in its Chapter 11 cases. Glenn Agre, on behalf of the equity committee, objected to the debtors’ proposed Chapter 11 plan, which would have left minority shareholders with nearly worthless stock subordinated to billions in obligations to other shareholders. The equity committee’s efforts to guaranty equal treatment to all shareholders resulted in a mediation that led to the negotiation of a consensual Chapter 11 plan, giving minority shareholders significantly enhanced recoveries in the form of the right to receive convertible preferred stock or a cash payout.
• Ambac Assurance Corporation, a financial guarantee insurance company, in connection with Puerto Rico’s restructuring proceeding under Title III.
• An ad hoc group of lenders and noteholders of Talen Energy as conflicts counsel.
• An ad hoc group of unsecured claimholders of Grupo Aeroméxico as conflicts counsel.
• An ad hoc committee in a Chapter 11 case filed by Halcon Resources Corp., an energy company.
• An ad hoc committee in a Chapter 11 case filed by LSC Communications Inc., a commercial printing company.
• An ad hoc committee in a Chapter 11 case filed by SAExploration Holdings, Inc., a seismic data company.
• The debtors in a Chapter 11 case filed by Bumble Bee Foods, a food manufacturer.
• The debtors in a Chapter 11 case filed by Diamond Offshore Drilling, Inc., an oil and gas company.
• An agent and lender in a Chapter 11 case filed by NPC International, a restaurant franchisee.
• A purchaser in its acquisition of the reverse mortgage business of Ditech Holding Corp. pursuant to a Chapter 11 plan of reorganization.
• A purchaser in its post-emergence acquisition of Skillsoft Corporation, a technology company.

• 3^rd Decision Casts Doubt on Gifts to Individual Class Members, Turnarounds & Workouts (September 2021) Read here.