Rewarding Good Behavior: Courts Should Approve Exculpation for the Pre-Petition Conduct of RSA Parties
"In my experience they are without equal.” – Client comment, Chambers USA, 2019
"…the best bankruptcy lawyers around, and I would give them an unqualified reference." U.S. NEWS, 2021
With a team of more than 40 attorneys and decades of experience representing businesses in financial distress nationally, our Business Solutions, Restructuring & Financial Litigation practice offers an ideal mixture of transactional and litigation services. We represent businesses in restructurings and recapitalizations, debtors-in-possession in chapter 11 proceedings, and creditors, creditors’ committees, lenders, trustees and receivers. The group is experienced in national, regional and local proceedings, as well as international litigation and insolvency proceedings.
Our clients include publicly traded companies, small business organizations and individuals. With a strong Mid-Atlantic presence in Pennsylvania, Virginia, Maryland, Delaware, New York and the District of Columbia, we represent clients in a diverse range of industries, including energy, mining and metals, healthcare, telecommunications, manufacturing, transportation, hospitality, retail, food and beverage, automotive, construction and real estate development.
On July 30, leading Richmond-area business publication BizSense led with a story about the move to Whiteford, Taylor & Preston by prominent Richmond litigators Vernon Inge and Corey Booker: “A veteran local lawyer says he’s in search of the ‘A-team’ of area attorneys as he begins to build a large regional law firm’s first Richmond office.”
In recent months, Donald Trump has been quoted as saying that successful companies often use bankruptcy laws to their advantage. Does he know something you should know? Should you be paying closer attention to how bankruptcy law actually works?
Recent rulings in the Third Circuit Court of Appeals and the U.S.
In 1984, when Paul Nussbaum graduated from California Western School of Law, his peers were specializing in securities litigation, international law and white-collar crime. Exciting areas. Nussbaum, meanwhile, was unsure of his direction until, in his final year, he took a bankruptcy elective and scored the top grade in the class. "I found it incredibly fascinating," Nussbaum says. "It was the first area of the law I found that I was able to comprehensively appreciate and understand how it worked, and why the process and legal proceedings were there, and the benefits and creativity it allowed for a practitioner. I thought, 'This is something that would really be fun.'"
The attached article was originally published in Law 360 in December, 2009. Copyright © Portfolio Media, Inc.
The attached article was originally published in Law 360 on June 16, 2009. Copyright © Portfolio Media, Inc.
Please see the attached document to read Kristen Bowen Perry's full article in the American Bankruptcy Institute Journal.
Please see the attached article, originally published in the Wall Street Journal, April 23, 2007.
Whiteford Taylor & Preston announced today that Kenneth M. Lewis, an experienced New York-based bankruptcy and restructuring attorney, has joined the firm as a partner and will reside in the firm’s newly opened New York office.
Baltimore – Whiteford, Taylor & Preston is pleased to announce that U.S. News and World Report - Best Lawyers ® “Best Law Firms” has awarded the firm exemplary rankings for 2018. Nineteen of the firm’s practices are ranked at the national level, including three practices with national Tier 1 rankings: Litigation, Bankruptcy and Real Estate. At the state level, an additional fifty practices have been ranked in Maryland, Washington, D.C., and VA.
Four lawyers from Whiteford, Taylor & Preston have been named to the Benchmark Litigation Under 40 Hotlist: Todd Brooks, Aaron Casagrande, Katherine Good and Christopher Samis. Each has been identified by peers and clients as being among the most notable up-and-coming litigation attorneys in the United States. Mr. Brooks and Mr. Casagrande are the only two Maryland lawyers to have been selected for this national ranking. Ms. Good and Mr. Samis are two of only six Delaware lawyers chosen, and Whiteford is the only firm to have two Delaware lawyers recognized.
Whiteford, Taylor & Preston is pleased to announce that Chambers and Partners has once again ranked the firm highly in its 2017 list of leading firms and business lawyers. This year’s recognition includes a record 29 attorneys in 4 states, the District of Columbia and Afghanistan.
Whiteford, Taylor & Preston is pleased to announce that 41 of its attorneys are listed among the 2017 Super Lawyers and Rising Stars in Maryland and Kentucky joining the sixteen who were listed earlier this year in Delaware, D.C., Pennsylvania and Virginia.
The 2017 edition of U.S. News and World Report - Best Lawyers ® “Best Law Firms” has awarded Whiteford, Taylor & Preston LLP exemplary ratings in its seventh annual rankings of law firms.
Twenty of the firm’s practices were ranked at the national level, as well as thirty-seven in Maryland, ten in Washington, D.C., and two in Roanoke, VA.
Whiteford, Taylor & Preston is pleased to announce that, in addition to ranking the firm highly in its 2016 list of Maryland’s leading firms and business lawyers, Chambers and Partners have added new Whiteford lawyers in Maryland and Delaware.
The practice group rankings are based on the high rankings of 21 individual lawyers.
Fifty-nine lawyers from Whiteford, Taylor & Preston have been selected by their peers for inclusion in The Best Lawyers in America® 2016 (copyright 2015 by Woodward/White, Inc., of Aiken S.C.). The lawyers selected are based in the firm’s Maryland, Washington and Virginia offices.
Whiteford, Taylor & Preston is pleased to announce that the 2015 edition of Chambers USA recognizes 17 of its lawyers as leaders in their fields and, in addition, has ranked six of Whiteford’s practice areas.
Whiteford Taylor & Preston is pleased to announce that Michael Hastings, Bradford F. Englander and Christopher A. Jones have again been selected as Super Lawyers in Virginia, and Justin Fasano and Brandy Rapp have again been selected as Rising Stars. In addition, Mr. Hastings was named to the “Top 100” list for all practice areas in Virginia for the second year in a row.
Whiteford, Taylor & Preston is delighted to announce that Marla Diaz, a community associations lawyer, and Todd Brooks and Aaron Casagrande, both bankruptcy lawyers, have been named Partners of the firm, effective January 1, 2015.
In his congratulatory remarks, the firm’s managing partner, Martin T. Fletcher, said, “It is a privilege to welcome these exceptional attorneys into their new and expanded roles. Each has delivered tremendous value to clients and will make important contributions to the continuing growth of our firm.”
Whiteford Taylor & Preston LLP is very gratified to announce that the firm has once again received exemplary ratings in the fifth annual U.S. News & World Report rankings of law firms.
Whiteford, Taylor & Preston is pleased to announce that Paul M. Nussbaum has been named the Baltimore Litigation – Bankruptcy ‘Lawyer of the Year’ for 2015 by Best Lawyers.
Law360, New York (June 30, 2014, 3:26 PM ET) -- A California bankruptcy judge on Friday approved a settlement under which 60 former partners of Howrey LLP agreed to pay the defunct firm’s Chapter 11 trustee $4.2 million to resolve pending clawback claims despite an objection from a small group of unsecured creditors.
Whiteford Taylor & Preston LLP is pleased to announce that Paul M. Nussbaum, Chair of the firm’s Business Reorganizations and Bankruptcy Litigation group, addressed the Bankruptcy Bar Association at its 18th Annual Spring Break Weekend on "Ethical Issues in Business and Consumer Bankruptcy Cases" in Annapolis on May 3, 2014.
The program, designed for leading practitioners in the bankruptcy arena, included Maryland Bankruptcy Judges as well as visiting judges from both Virginia and Washington D.C and attorneys from an array of regional law firms.
Whiteford Taylor & Preston LLP is pleased to announce that Paul M. Nussbaum, Chair of the firm’s Business Reorganizations and Bankruptcy Litigation group, addressed the Mid-Atlantic Institute on Bankruptcy & Reorganization practice in Charlottesville, Virginia on “Ponzi Scheme Bankruptcies".
Whiteford, Taylor & Preston is pleased to announce that Chambers and Partners has ranked the firm's Bankruptcy Litigation practice "Band 1," the highest ranking, which again makes it the only bankruptcy practice in the state to receive this ranking. It is based on the entire group's work, but calls out specifically three partners in the group. Other than the lawyers in WTP's bankruptcy litigation group, only seven other lawyers across the nation received a Band 1 rating in Bankruptcy Litigation.
Whiteford Taylor & Preston LLP is very gratified to announce that the firm has received exemplary ratings in the second annual U.S. News & World Report rankings of law firms. In Maryland, WTP was rated highly in 34 practice areas, more than any other firm in the state.
Whiteford, Taylor & Preston (WTP) attorney Paul M. Nussbaum presented on Intercreditor Issues in a plenary session of the American Bankruptcy Institute's 6th Annual Mid-Atlantic Bankruptcy Workshop in Cambridge, Maryland, on August 6, 2010. The session was moderated by James E. O'Neill, Esq., of Wilmington, DE.
In 1984, when Paul Nussbaum graduated from California Western School of Law, his peers were specializing in securities litigation, international law and white-collar crime. Exciting areas. Nussbaum, meanwhile, was unsure of his direction until, in his final year, he took a bankruptcy elective and scored the top grade in the class. "I found it incredibly fascinating," Nussbaum says. "It was the first area of the law I found that I was able to comprehensively appreciate and understand how it worked, and why the process and legal proceedings were there, and the benefits and creativity it allowed for a practitioner. I thought, 'This is something that would really be fun.'"
On November 19, 2009, U.S. Bankruptcy Judge Nancy Alquist confirmed the Chapter 11 plan of reorganization for F.T. Silfies and Price Trucking. The companies sought bankruptcy protection in March of this year, and Judge Alquist commended the WTP team that represented the companies for efficiency and expertise in quarterbacking a "model" Chapter 11 case from wire to wire.
On December 1, 2009, U.S. Bankruptcy Judge Robert Gordon approved the Chapter 11 plan for Patterson Park Community Development Corporation ("Patterson Park").
Caruso Homes, headquartered in Crofton, Md., has had its plan of reorganization filed under Chapter 11 of the bankruptcy code confirmed by the Honorable Judge F. Schneider of the United States Bankruptcy Court for the District of Maryland, Baltimore Division, according to Jeffrey Caruso, president of the firm he founded in 1986.
Paul Nussbaum and Kevin Hroblak, partners in WTP's Business Reorganization and Bankruptcy group, have been singled out in an international lawyer rating as among the leading bankruptcy lawyers in the Northeast region of the United States.
Whiteford, Taylor & Preston LLP (WTP) is delighted to announce that Bradford F. Englander has joined the firm as a partner in its Business Reorganizations and Bankruptcy practice in Falls Church, Virginia. Prior to joining WTP, Englander was a partner with Linowes and Blocher LLP in Bethesda, Maryland.
Whiteford, Taylor & Preston LLP's (WTP) pursuit of claims against the former directors and certain officers of The Rowe Companies and its two subsidiaries, Rowe Furniture, Inc. and Storehouse, Inc., has resulted in a $6.625 million settlement for the firm's clients, Donald F. King, the Chapter 7 Bankruptcy Trustee of Rowe Furniture, Inc., and Guy A. Davis, the Chief Liquidation Officer of bankrupt Storehouse, Inc. and the Liquidating Trustee of The Rowe Companies.
Whiteford, Taylor & Preston LLP (WTP) ranks #6 in the Law360 Litigation Almanac's list of United States firms with the highest concentration of Bankruptcy lawyers.
Whiteford, Taylor & Preston LLP (WTP) is pleased to announce that the firm, having one of the largest litigation departments in Maryland, has been "highly recommended" in the Benchmark Litigation 2009 listing of Maryland litigation firms. WTP attorneys Harry S. Johnson (Products Liability), Paul M. Nussbaum (Bankruptcy and Corporate Restructuring), William F. Ryan, Jr. (Commercial), and Steven E. Tiller (Technology and Intellectual Property) were listed as "local litigation stars," and Alexander W. Koff (Global) and Brent C.
Chad J. Toms, an attorney and certified public accountant, has joined Whiteford, Taylor & Preston LLC (WTP) as Counsel in the firm's growing Wilmington office. He is a member of the firm's bankruptcy and business litigation sections.
Whiteford, Taylor & Preston (WTP) attorneys, Paul M. Nussbaum and William F. Ryan, Jr., presented on Investing In Distressed Securities During Troubled Economic Times at the International Quality and Productivity Center's (IPCQ) Global Distressed Debt West Coast Investor Forum, Los Angeles, California, on March 31-April 2, 2008.
Whiteford, Taylor & Preston LLP (WTP) has expanded its Falls Church office - by increasing the number of attorneys and enlarging its office space. Glenn R. Bonard, Eileen Morgan Johnson, Thomas Mugavero, Christy Richardson, and Andrew J. Terrell have joined Raymond J. Diaz, Michael Gartner, Christopher A. Jones, Katherine McCarthy, Edward J. O'Connell, and Eric A. Vendt in WTP's offices at 3190 Fairview Park Drive, Suite 300, Falls Church, VA 22042.
Whiteford, Taylor & Preston (WTP) is pleased to welcome Christopher A. Jones, Esq. as Partner in the firm's Bankruptcy section. Stationed in the firm's new Falls Church office, Jones is formerly of LeClair Ryan in Richmond, Virginia, and has a wealth of experience in handling insolvency matters for both debtors and creditors, as well as handling complex commercial litigation.
Whiteford, Taylor & Preston LLP (WTP) is pleased to announce that 36 WTP attorneys have been named in Maryland Super Lawyers publication. Maryland Super Lawyers will appear in a special advertising section in the January 2007 issue of Baltimore Magazine and in the Maryland Super Lawyers magazine.
The federal bankruptcy court and the U.S. District Court in Maryland have both approved Porter Hayden Company’s Chapter 11 plan, giving the Baltimore-based company the green light to emerge from bankruptcy more than four years after it was driven into Chapter 11 by asbestos-related personal injury claims.
Riddick "Big Daddy" Bowe, Two Time Former Heavyweight Boxing Champion of the World, Files Chapter 11 Petition.