Debevoise & Plimpton LLP‘s commitment to bankruptcy and restructuring has brought it a balanced practice driven by both debtors and creditors with a wealth of mandates from debtors and distressed companies, private equity sponsors, bondholders, secured lenders, shareholders and financial advisors. Acting for financial sponsors and healthcare and life sciences companies are particular fortes for the team; it advised One Rock Capital Partners on Robertshaw US Holding’s liability management transaction and chapter 11 bankruptcy filing. The firm is also making an impression in liability management transactions, including related litigation. Natasha Labovitz and Sidney Levinson co-head the restructuring group and are members of the special situations team; Levinson has played an integral role in developing the firm’s creditor-side relationships in recent years. Jasmine Ball is another prominent member of the department, along with Scott Selinger . Erica Weisgerber is a litigator by background, now with a primary focus on bankruptcy and restructuring litigation, particularly for financial sponsors. All named individuals are based in New York.
Legal 500 Editorial commentary
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Accolades
Client satisfaction
Testimonials
Collated independently by Legal 500 research team.
‘Team’s strengths and key capabilities; commitment, highly professional, team working, timely response and excellent connections in the sector.’
Key clients
- Certain former directors and shareholders of Purdue Pharma
- One Rock Capital Partners
- Carestream Dental
- Georgia-Pacific
- Resolute Investment Holdings
- Hawaiian Airlines
- Limited Partner Advisory Council for Abraaj Fund IV
- CCA Construction
- McKinsey & Company
- The Blackstone Group and Centerbridge Partners
Work highlights
- Advised certain former directors and shareholders of Purdue Pharma, regarding prescription opioid litigation in various fora across the country, including a federal multi-district litigation and actions brought by states attorneys general.
- Advised Carestream Dental, a portfolio company of Clayton, Dubilier & Rice, in comprehensive negotiations among and between its secured lenders and equity holders in connection with a comprehensive restructuring of its outstanding first and second lien debt obligations.
- Advised One Rock Capital Partners, as sponsor of Robertshaw US Holding in its Chapter 11 bankruptcy case.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Natasha Labovitz
Next generation partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Erica Weisgerber
Practice head
Natasha Labovitz; Sidney Levinson
Other key lawyers
Jasmine Ball; Scott Selinger; Erica Weisgerber