June 16, 2022
News Corp is a world, diversified media and information companies firm centered on creating and distributing authoritative and engaging content material and other products and services. Mr. Sprayregen is a frequent lecturer and speaker, and in addition has revealed quite a few articles on insolvency, fiduciary duty and distressed M&A issues. He also served for three years as an Adjunct Professor on the University of Chicago Booth School of Business and for one yr as an Adjunct Professor at New York University School of Law. In addition, Mr. Sprayregen has lectured at The London Business School, The University of Illinois College of Law, The University of Michigan Law School, and The University of Michigan Liberal Arts College.
Mr. Sprayregen is a frequent lecturer and speaker, and has published numerous articles on insolvency, fiduciary obligation, and distressed M&A issues. He also served as an Adjunct Professor on the University of Chicago Booth School of Business. James H.M. Sprayregen is the founding father of Kirkland’s worldwide Restructuring Group, constructing the group from inception in 1990 to turn out to be the premier restructuring group on the earth, and the one such group ranked Tier 1 in every main world region. Mr. Sprayregen was named “Global Insolvency & Restructuring Lawyer of the Year” in 2013 by Who’s Who Legal Awards, receiving more votes from clients and peers than any other particular person worldwide. Jitney Jungle Stores, Inc., a grocery retailer retailer positioned primarily in the Southeastern United States, and its affiliates, with annual gross sales of approximately $2 billion, in all elements of its corporate restructuring and Chapter 11 cases.
Because a good portion of the company’s revenues are generated overseas, often in jurisdictions where chapter is synonymous with liquidation, Kirkland also assisted the corporate in a worldwide communications program to explain the Chapter 11 course of to managers of Dade’s various international non-debtor subsidiaries. Ultimately, Dade suffered no materials lack of clients during its brief sojourn in Chapter eleven. Tower Automotive, Inc., and certain of its associates, in its Chapter eleven submitting in the first quarter of 2005.
U.S. households had unusually high monetary revenue with the surge in equity prices in fiscal 12 months 2021, a Penn Wharton Budget Model evaluation found. “Deal or No Deal – Hard Choices for Troubled Businesses,” International Bar Association Annual Conference, October 5, 2010, Vancouver, British Columbia. “Investing in distressed and restructuring assets,” Eighth Annual Oxford Private Equity Forum, March 5, 2013, Oxford, England. DavCo Restaurants, Inc., the world’s largest Wendy’s franchisee, in all of its restructuring actions. Babcock & Wilcox, Inc., a worldwide producer of boilers and different merchandise, with roughly $1.5 billion in income, in its Chapter 11 case.
In the months previous Chapter eleven, Seadrill also consummated a collection of ring-fencing transactions that efficiently prevented its non-consolidated companies from also having to commence Chapter 11 instances. Seadrill and its debtor subsidiaries confirmed their Chapter eleven plan with near universal consensus in approximately 7 months and emerged from Chapter eleven in lower than 10 months. Equally momentous was the work Sprayregen did on behalf of General Growth Properties, the second-largest mall operator in the melanie bean nation, which filed the most important actual estate chapter in U.S. history in 2009 after accumulating $27 billion in debt. Sprayregen helped to guarantee that slices of the proverbial pie had been distributed to everyone involved. When Sprayregen arrived at Kirkland & Ellis in 1990, the firm’s restructuring and bankruptcy follow had solely a handful of attorneys and little nationwide profile.
Samson has operations primarily positioned in Colorado, Louisiana, North Dakota, Oklahoma, Texas and Wyoming, and operates, or has royalty or working interests in, roughly 8,seven hundred oil and gas production sites. LINN Energy, LLC and its associates in its Chapter 11 cases filed in the United States Bankruptcy Court for the Southern District of Texas. LINN is a number one independent oil and pure gasoline exploration and manufacturing company with operations in 12 states and eight discrete U.S. regions. Each yr, the Emory Bankruptcy Developments Journal honors a person who has made a major impact on the sphere of bankruptcy regulation with the Distinguished Service Award for Lifetime Achievement. On March 26,2019, the Emory Bankruptcy Developments Journal offered James H.M. Sprayregen with the Twenty-First Annual Distinguished Service Award for Lifetime Achievement.
AIRA members are among the most trusted and sought-after professionals in matters dealing with restricted capital sources and deteriorating working efficiency. Fleming Companies, the nation’s largest distributor of consumable bundle goods to retailers, in all aspects of its restructuring. After 18 months of an often contentious bankruptcy case, Fleming confirmed a plan of reorganization that paid off the remaining stability of the company’s $609 million of senior secured debt, transformed the remaining unsecured debt to fairness, and created two post-confirmation trusts to liquidate and resolve claims. By sustaining operations during the Chapter 11 case, Fleming paid greater than $7.7 billion to taxing businesses, third celebration vendor-suppliers, staff and repair suppliers. Additionally, the reorganization included substantial new financing for the convenience store distribution business which emerged from chapter and is now working as Core-Mark International, Inc.
U.S. Concrete, Inc. and its associates, a number one provider of ready-mixed concrete and concrete-related merchandise in choose markets all through the United States, in their restructuring of approximately $315 million in funded indebtedness through a prearranged Chapter eleven restructuring. Concrete efficiently equitized approximately $285 million in bond debt, paid general unsecured claims in full, and supplied present equity with a warrant package deal to acquire as a lot as 15 % of the reorganized equity. Japan Airlines Corporation, Asia’s largest air carrier with a fleet of greater than 270 aircraft, as worldwide restructuring counsel advising JAL on all elements of the restructuring of its international operations and representing it in reference to Chapter 15 instances. JAL, headquartered in Tokyo, maintained $28 billion in debt at the time of its submitting.
Trans World Airlines, Inc., one of many nation’s largest air carriers, in all features of its Chapter 11 case, including the company’s sale to American Airlines and subsequent liquidation. Kirkland obtained the Bankruptcy Court’s approval of a $5 billion sale including an asset buy agreement providing for the sale of substantially all of TWA’s assets to American Airlines, Inc., the idea of tons of of hundreds of thousands of dollars of TWA’s debt, and the offer to employ TWA’s 20,000 staff. Kirkland then represented the debtor in confirming a post-sale liquidating Chapter 11 plan of reorganization. Kirkland additionally represented the liquidating post-confirmation property in winding up the estate, litigating post-confirmation matters, and making distributions to creditors.