Bankruptcy-Related Acquisitions / Investments

KTBS represents entrepreneurial interests in seizure opportunities to acquire assets and businesses in chapter 11 cases and from ‘out of court’ restructurings.

Representative Client List

Acquirers & Others

• The Century Trust

  Purchaser of real estate assets in chapter 11 case of Trancas Town Ltd.

• Crusader Entertainment

  Acquirer of intellectual properties out of the Red Fern bankruptcy.

• GAP / Old Navy

  Purchaser in the Loehmann's, Service Merchandise, Lauriat's, Crowley's, Steinbachs, and Caldor chapter 11 cases.

• Isotis S.A. / GenSci Orthobiologics

  Represented European public company in takeover of bankrupt biotechnology subsidiary of Canadian public company.

• Paramount Pictures and Affiliates

  Creditor and purchaser of the Mann Theatre chain.

• Starwood Ceruzzi LLC and Vornado Realty LLC

  Purchaser in Hechingers chapter 11 case.

Equity Holders

• 203 North LaSalle Street Limited Partnership and Related Entities

  Represented investors under chapter 11 reorganization plan on remand from the United States Supreme Court in the case of 203 North LaSalle Street Partnership; subsequent plan successfully confirmed.

• Einstein/Noah Bagel Corporation

  Represented Gerald K. Smith, Trustee for the Boston Chicken Plan Trust, in the chapter 11 case filed by Einstein/Noah Bagel Corporation and Einstein/Noah Bagel Partners, L.P.

• The Lusk Company

  Landlord in numerous chapter 11 cases.

• Pittsburgh Penguins

  Represented a significant shareholder in the Pittsburgh Penguins hockey team, in connection with the chapter 11 case of that team.

• Transpacific Enterprises, Inc.

  Represent the Joint Administrators of Ansett Holdings, Ltd., the sole shareholder of Transpacific Enterpises, Inc., a full service airline support company.