Finance
Douglas Gooding, a partner at Choate, Hall & Stewart, has extensive experience in advising on financing and restructuring matters, including debtor-in-possession lending and representing senior, second-lien, and mezzanine debt holders. Gooding also advises distressed companies across industries and represents insurers in mass-tort bankruptcies.
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Position
Douglas Gooding has more than 25 years of experience advising on financing and restructuring transactions, particularly on debtor-in-possession lending and the representation of holders of senior, second lien, and mezzanine debt in complex restructurings. He also specializes in advising troubled companies in various industries including healthcare and retail. Doug also has extensive experience in mass tort bankruptcy cases representing insurance providers.
Doug has appeared in courts throughout the United States and in Canada and has been appointed as mediator in several bankruptcy disputes.
Doug is a member of the Firm’s management committee, was a co-chair of Choate’s Business Department for seven years and the Practice Group Leader of the Finance and Restructuring Group for ten years.
Education
Duke University School of Law
JD, 1991, cum laude
University of California at Berkeley
AB, 1987, cum laude
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Key clients
- Liberty Mutual Insurance Company Gordon Brothers Industrial & Nations Finance Citizens Bank Canadian Imperial Bank of Commerce Callodine Credit Management Citibank Eastern Bank First Eagle Investment Management Hilco Global John Hancock
Work highlights
Serves as lead bankruptcy counsel for Liberty Mutual in the Boy Scouts of America Chapter 11 multi-billion dollar case. Choate secured a favourable ruling from the Third Circuit that strongly supported Liberty Mutual’s position.
Advising Liberty Mutual Insurance through the bankruptcy process and its implications for a pending AFFF litigation relating to the Chapter 11 filing of Kidde-Fenwal Inc.
Represented Citizens Bank as agent in the U.S. Chapter 11 restructuring and bankruptcy of aerospace manufacturer Bromford Industries and affiliates in Delaware. The representation led to a court-approved 363 sale and a confirmed liquidating plan valued at $750 million.