Overview
Our team approaches each engagement with a creative, outside-the-box outlook, an understanding of the motivations and goals of the parties involved, practical counsel that takes business realities into consideration, and focuses on exceeding the clients' objectives. This approach provides the best results in the most time- and cost-efficient manner, allowing clients to get back to their most pressing concern — running their businesses.
The team has particular industry expertise in the retail and oil, gas and coal sectors, having represented parties across the capital structure and gained a complete understanding what drives excellent results for clients in these industries. We have had prominent roles in multiple Chapter 11 cases in these sectors, including J.C. Penney Company, Inc., Neiman Marcus, Lord & Taylor, Sears Holdings Corporation, Barneys, Toys "R" Us and Alex & Ani, as well as Gulfport Energy, Seadrill Limited, Sable Permian Resources and Sheridan Holding Company.
The Insolvency and Restructuring practice has in-depth experience representing different constituencies and in all types of in-court and out-of-court restructurings and workouts, with a focus on bankruptcy litigation, Section 363 transactions and other M&A transactions involving distressed companies. Katten also is one of the preeminent firms in representing independent directors in Chapter 11 cases and out-of-court restructurings. In addition, we regularly represent corporate debtors, official and unofficial creditors' committees, secured lenders, trade creditors, administrative agents, indenture trustees and equity sponsors.
As such, it is not surprising that the group is consistently ranked as one of the tops in its field. Recently, the group was recognized nationally by Chambers USA and The Legal 500. U.S. News Best Lawyers – "Best Law Firms" regionally and nationally ranks our team in both the Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and the Litigation – Bankruptcy categories. The group also won four awards at the Global M&A Network's 13th Annual Turnaround Atlas Awards, including Turnaround of the Year (small markets), Cross Border Turnaround of the Year (large mid markets), Special Situation M&A Deal of the Year (large seg), and Restaurant Restructuring of the Year. The group won two awards at The M&A Advisor's 14th Annual Turnaround Awards, including Utilities Deal of the Year, and Sec. 363 Sale of the Year ($50MM or more).
Testimonials
"I would use Katten in any case or situation given the depth of their experience in bankruptcy matters." — U.S. News – Best Lawyers® 2020 "Best Law Firms" (Litigation - Bankruptcy) survey response U.S. News – Best Lawyers
"We would give [Steven J. Reisman] the highest marks," reports a client. "He has impeccable judgement, he is extremely experienced and he is never rattled." — Chambers Global 2020 (USA, Bankruptcy/Restructuring)
"[Peter Siddiqui] is arguably the finest bankruptcy attorney I have ever worked with. He is incredibly efficient and has an exceptional ability to work through the noise in order to focus on the key elements of any situation." — Chambers USA 2021 (Illinois, Bankruptcy/Restructuring Department)
"[Craig Barbarosh] is unbelievably sharp, talented and a great advocate for his clients." — Chambers USA 2020 (California, Bankruptcy/Restructuring Department)
"Bill [Freeman] brings a practical approach to difficult situations where he helps balance business and legal issues so that as much economic value as possible can be maintained." — Chambers USA 2021 (California, Bankruptcy/Restructuring Department)
"[Peter Knight] is very constructive in his approach." — Chambers USA 2021 (Illinois, Bankruptcy/Restructuring Department)
"They're very responsive, proactive, easy to work with and flexible. … Their level of service is amazing."
Chambers USA 2021
(USA Nationwide, Bankruptcy/Restructuring Department) survey response
Experience
Insights
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Publication | December 22, 2022
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Publication | December 1, 2022
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News | November 3, 2022
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Publication | November 2022
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Publication | October 20, 2022