Corporate Scorecard 2009 Bankruptcy

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Largest Bankruptcies Filed
Assets
(in millions)
Filing Date Company Description Jurisdiction Counsel Debtor's Counsel Creditors Committee Counsel Other Counsel
$691,063 September 2008 Lehman Brothers Holdings Inc. Investment Bank Southern District of New York Bortstein Legal; Curtis, Mallet-Prevost; McKee Nelson; McKenna Long; Reilly Pozner; Weil, Gotshal Milbank, Tweed; Quinn Emanuel  
327,913 September 2008 Washington Mutual, Inc. Savings & Loan Holding Company Delaware Davis Wright; Gibson, Dunn & Crutcher; McKee Nelson; Perkins Coie; Richards, Layton; Simpson Thacher; The Law Office of John W. Wolfe; Weil, Gotshal Akin Gump; Pepper Hamilton; Miller & Chevalier; Shearman & Sterling  
32,734 July 2008 IndyMac Bancorp, Inc. Bank Holding Company Central District of California Alston & Bird    
13,409 November 2008 Downey Financial Corp. Bank Holding Company Delaware Richards, Layton    
13,150 December 2008 Tribune Company Media & Entertainment Delaware Cole, Schotz; Jenner Block; Jones Day; McDermott, Will; Paul, Hastings; Reed Smith; Sidley Austin Chadbourne & Parke; Landis Rath  
12,891 June 2008 Fremont General Corp. Financial Services Holding Company  Central District of California Epstein Becker; Patton Boggs; Stutman, Treister; Willenken Wilson  Klee, Tuchin; Weiland, Golden  
6,140 July 2008 SemGroup, L.P. Diversified Energy Services Delaware Bifferato Gentilotti; Conner & Winters; Hall, Estill; Ogilvy Renault; Richards, Layton; Weil, Gotshal Blank Rome; Quinn Emanuel Andrews Kurth (Official Producers Committee Counsel); Cole, Schotz (Official Producers Committee Counsel); Morrison & Foerster (Equity Committee Counsel); Polsinelli Shalton (Equity Committee Counsel)
5,537 November 2008 Franklin Bank Corp. Savings & Loan Holding Company Delaware Stevens & Lee    
4,722 September 2008 Luminent Mortgage Capital, Inc. Real Estate Investment Trust Maryland Faegre & Benson; Hunton & Williams; O'Shea Partners; Shapiro Sher Arent Fox  
4,102 December 2008 PFF Bancorp, Inc. Diversified Financial Services Delaware Paul, Hastings; Richards, Layton Blank Rome  
3,874 December 2008 Pilgrim’s Pride Corp. Poultry Products Northern District of Texas Gardere Wynne; Weil, Gotshal Andrews Kurth  
3,854 November 2008 LandAmerica Financial Group, Inc. Insurance Underwriter Eastern District of Virginia McGuireWoods; Williams Mullen; Willkie Farr Akin Gump; Bingham McCutchen; LeClairRyan; Tavenner & Beran  
3,746 November 2008 Circuit City Stores, Inc. Consumer Electronics Eastern District of Virginia Kirkland & Ellis; McGuireWoods; Skadden Gowling Lafleur; Pachulski Stang; Tavenner & Beran  
2,891 August 2008 WCI Communities, Inc. Home  Builder and Real Estate Services Delaware Fox Rothschild; The Bayard Firm; White & Case Akin Gump; Pachulski Stang  
2,842 January 2008 TOUSA, Inc. Home Builder Southern District of Florida Berger Singerman; Greenberg Traurig; Kirkland & Ellis Akin Gump; Robbins, Russell; Stearns Weaver  
1,864 October 2008 VeraSun Energy Corp. Ethanol Production Delaware Skadden Akin Gump; Greenberg Traurig  
1,740 May 2008 Linens ‘n Things, Inc. Home Furnishings Delaware Gardere Wynne; Morgan, Lewis; Richards, Layton Cole, Schotz; Otterbourg, Steindler  
1,734 May 2008 Tropicana Entertainment, LLC Casino Hotels Delaware Kirkland & Ellis; Paul, Hastings; Richards, Layton Bose McKinney; Lionel, Sawyer; McGlinchey Stafford; Morris, Nichols; Stroock & Stroock; Watkins Ludlam  
1,731 January 2008 Quebecor World (USA), Inc. Commercial Printing Services Southern District of New York Arnold & Porter; Richards Kibbe  Akin Gump; Bennett Jones; Lowenstein Sandler  
1,638 December 2008 Hawaiian Telcom Communications, Inc. Telecommunications Hawaii Cades Schutte; Klehr, Harrison Morrison & Foerster; Moseley, Biehl  

 

Largest Emergences
Assets
(in millions)
Filing Date Company Description Jurisdiction Counsel Debtor's Counsel Creditors Committee Counsel Other Counsel
$27,216 December 2005 Calpine Corp. Power Production Southern District of New York Bracewell & Guiliani; Covington & Burling; Curtis, Mallet-Prevost; Davis Wright; Dickstein Shapiro; Holland & Hart; Kirkland & Ellis; Lenczner Slaght; Sutherland Asbill; Thelen Reid Akin Gump; Fasken Martineau; Morgenstern Jacobs Fried, Frank (Equity Committee Counsel); Togut, Segal (Examiners Counsel)
26,147 April 2007 New Century Financial Corp. Real Estate Investment Trust Delaware Allen Matkins; Baute & Tidus; Hennigan, Bennett; Howrey; Irell & Manella; Manatt, Phelps; O'Melveny & Myers; Richards, Layton; Sheppard, Mullin; Skadden Blank Rome; Hahn & Hessen Heller Ehrman (Audit Committee Counsel); K&L Gates Ellis (Examiners Counsel); Saul Ewing (Examiners Counsel)
9,047 March 2006 Dana Corp. Auto Parts Southern District of New York Berwin Leighton; Dorsey & Whitney; Hunton & Williams; Jones Day; Katten Muchin; Pachulski Stang; Skadden Berwin Leighton; Halperin & Associates; Kramer, Levin; McDermott, Will; Stahl Cowen* Fried, Frank (Equity Committee Counsel); Stahl Cowen (Retiree Committee Counsel)
4,772 September 2007 NetBank, Inc. Financial Holding Company Middle District of Florida Holland Knight; McNair Law Firm  Kilpatrick Stockton; Rogers Towers   
3,342 December 2003 Solutia Inc. Chemicals and Allied Products Southern District of New York Dinsmore & Shohl; Gibson, Dunn; Hodgson Russ; Husch Blackwell; Kirkland & Ellis; Quinn Emanuel; Sanford P. Rosen & Associates Akin Gump; Haskell Slaughter*; Saul Ewing; Spencer Fane* Pillsbury Winthrop (Equity Committee Counsel)
2,075 October 2006 Dura Automotive Systems, Inc. Auto Parts Delaware Baker & McKenzie; Banner & Witcoff; Kirkland & Ellis; Richards, Layton; Togut, Segal Bennett Jones; Bifferato Gentilotti; Kramer Levin; Young Conaway  
1,419 February 2008 SIRVA, Inc. Relocation and Moving Southern District of New York Kirkland & Ellis; Togut, Segal Pachulski Stang  
1,385 October 2007 Movie Gallery, Inc. Video Tape Rental Eastern District of Virginia Kirkland & Ellis; Kutak Rock Miles & Stockbridge; Pachulski Stang   
528 July 2008 Vertis, Inc. Newspaper Publishing Delaware DLA Piper; Richards, Layton; Weil, Gotshal    
414 March 2003 SONICblue, Inc. Consumer Electronics Northern District of California Fenwick & West; Jeffer, Mangels; O'Melveny & Myers; Pillsbury Winthrop Duane Morris; J and J Attorneys at Law; Krieg, Keller; Levene, Neale Alston & Bird (Trustee Counsel); Friedman Dumas (Trustee Counsel)
Source: BankruptcyData.com
* Served as retiree committee counsel
For methodology, see americanlawyer.com/corporatescorecard.

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