Whiteford has teamed experienced commercial and business litigators with knowledgeable business reorganization and bankruptcy professionals to create an innovative Special Counsel practice group. Our service to clients is enhanced through our associations with other attorneys, consultants, and professionals in the bankruptcy, receivership, turnaround and restructuring arenas.
As an ally in litigation, we serve as special counsel to debtors, bankruptcy trustees, liquidation trusts, creditor trusts, plan administrators, creditors committees, and litigation trusts. In this capacity, our attorneys routinely investigate and prosecute auditor, accountant and other professional liability claims, director and officer liability actions, mass preference actions, fraudulent transfer lawsuits (including those arising out of leverage buyout transactions), claims resolutions, and lender liability suits.
In addition to our litigation services, we advise on structuring strategic relationships and trust agreements to maximize recoveries. To better meet the needs of our clients, we offer flexible fee arrangements, including contingency fees, for our work as special counsel.
Examples of our special counsel services include representing:
- A Chapter 7 trustee in a several hundred million dollar suit against a national accounting firm;
- A litigation trustee in pursuit of malpractice claims and breach of fiduciary duty claims, among others, against the former constituents, officers and lawyers of a multi-location hospital system;
- Over 400 preference actions arising from the liquidation of a national footwear retailer;
- A Chapter 7 trustee and Liquidating Agent in an investigation and proof of claims against former directors and officers of a furniture manufacturer and retailer;
- A liquidation trustee in the pursuit of several hundred avoidance actions and investigation into claims against the national footwear manufacturer’s accountants and other professionals;
- A litigation trustee in a malpractice lawsuit against a national auditing firm arising from the liquidation of an international airline;
- A Chapter 7 trustee in a lawsuit against former directors and officers of a national shoe retailer;
- A litigation trustee in fraudulent conveyance actions arising from an over $100 million leveraged buyout transaction; and
- A litigation trustee in pursuing hundreds of preference actions on behalf of a conglomerate of several hospitals.