Financial Poise

About Bennett Spiegel

  • June 11, 2019

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Bennett Spiegel, of Jones Day, represents debtors, creditors, creditors’ committees, trustees, and asset purchasers in corporate restructurings and bankruptcies in a variety of industries.

He is currently advising RBS in the Thornburg Mortgage cases, the Axium Trustee regarding priority and tax claims, and Lenders in the MF Global cases holding claims in excess of $1 billion. His recent successes include affirmance of the dismissal of claims to recover $4.3 billion from Non-Agent Secured Lenders in Adelphia, Summary Judgment for Greenwich Capital against the ABFS Trustee seeking $100+ million; and East West Bank’s appeal reversing the plan confirmation order and defeating confirmation on remand in Ravello Landing.

Prior to joining Jones Day, Bennett’s chapter 11 debtor representations included supervising the $385 million sale of Leiner Health Products; Calpine Corporation’s disposition of more than $1 billion in power plants and other assets; developing a reorganization plan for W.R. Grace & Co.; selling Cable & Wireless USA for multiples of the stalking-horse bid and resolving $6 billion in claims; and reorganizing actress Zsa Zsa Gabor. His prior chapter 11 creditor representations included advising Greenwich Capital in its $500, $215, and $100 million DIP financings of ABFS, Oakwood Homes, and New Century Financial; the creditors’ committee plan proponent in the $600 million Reed Slatkin Ponzi scheme case; Morgan Creek, Alliance Atlantis, and nWave as creditors/asset purchasers; and Motley Crue in the bankruptcy of its lead singer.

Bennett is a member of the ABI, LA Bankruptcy Forum, and Financial Lawyers Conference, and the editorial board of The Bankruptcy Strategist.

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