Bankruptcy and Commercial Litigation
KTB&S represents plaintiffs and defendants in bankruptcy and commercial litigation. The following is a representative list of litigation engagements.
- Brobeck Phleger & Harrison LLP
Represented approximately 125 former partners in Brobeck Phleger & Harrison LLP in connection with claims asserted by the chapter 7 trustee for that firm; assisted the former partners in reaching a favorable settlement.
- CHF Capital Partners
Successfully defended CHF against claims of more than $100 million relating to the leveraged buyout and subsequent chapter 11 of Burke Industries.
- Dewey & LeBoeuf LLP
Represented approximately 40 former partners in connection with the bankruptcy case of this former multinational law firm; successfully resolved claims against this group of former partners pursuant to a court-approved global settlement.
Served as lead counsel for the Enron estate in the so-called “Mega Claims” litigation against Citigroup, Deutsche Bank and various related parties. This litigation was resolved successfully, resulting in the recovery by the estate of almost $1.7 billion in cash and waivers of in excess of $4.5 billion in claims.
- Florida Power & Light
Successfully prosecuted litigation on behalf of FP&L and affiliates, relating to their ownership of numerous generating facilities, in connection with the Pacific Gas & Electric chapter 11 case and the related problems of Southern California Edison.
- Heller Ehrman LLP
Represented approximately 60 former partners in Heller Ehrman LLP in connection with claims asserted by the creditors' committee of that firm; assisted the former partners in reaching a favorable settlement.
- Howrey LLP
Represented approximately 60 former partners in Howrey LLP in connection with claims asserted by the chapter 11 trustee and creditors' committee of that firm; assisted the former partners in reaching a favorable settlement.
- Iridium LLC et al.
Served as special litigation counsel to the official committee of unsecured creditors to investigate and prosecute claims against Iridium's lenders; successfully negotiated a settlement that resulted in more than $50 million for unsecured creditors.
- Levine Leichtman Capital Partners
Represented, and successfully resolved litigation against, LLCP relating to the Chorus Line and Carole Little chapter 11 cases.
- Pioneer Electronics (USA), Inc.
Represented Pioneer in connection with preference, fraudulent transfer and franchise termination litigation in numerous chapter 11 cases, including Druckers, Valley Media, Carter Hawley Hale, Ames Department Stores, Poplar Place Stereo and Highland Superstores.
- Quokka Sports, Inc.
Represented an unofficial committee of the 7% Convertible Promissory Notes in this chapter 11 case and successfully settled, under a plan of reorganization, preference and other potential claims against the holders of the Notes totaling at least $12 million. The settlement provided for a full release of claims without any payment by noteholders, plus reimbursement of a substantial portion of the fees incurred by the firm.
Represented TCW in connection with litigation filed by the Brill Media chapter 11 estate against it.
- Thorpe Insulation Company
Represented Thorpe Insulation Company, a former mechanical insulation installer, as special appellate counsel in connection with nearly thirty appeals stemming from a chapter 11 case in which it confirmed a plan of reorganization pursuant to section 524(g) of the Bankruptcy Code.
- Washington Mutual, Inc./WMI Liquidating Trust
Serves as special litigation counsel with respect to potential claims against debtor’s former officers and directors on behalf of the successor to the chapter 11 estate for the holding company of Washington Mutual Bank, a major banking institution seized by the Federal Deposit Insurance Corporation.
- "Bussel Commentary: Wellness after Stern"
- Videocast Featuring Prof. Ken Klee Providing a Historical Look at Bankruptcy Issues Before the Supreme Court
- Klee, Tuchin, Bogdanoff & Stern LLP Named a Top California Boutique Firm
- My memo to Jefferson County, a community poised for growth and success (opinion from Lee R. Bogdanoff)
- TMA to Induct Kenneth N. Klee into Its Turnaround, Restructuring, and Distressed Investing Industry Hall of Fame