KTBS represents purchasers and investors in connection with in-court and out-of-court investment and acquisition opportunities, as well as the holders of equity interests in distressed companies with respect to their rights and interests. The following is a representative list of these engagements.


  • The Century Trust

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

  • 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

    Purchaser in takeover of a bankrupt biotechnology subsidiary of a Canadian public company.

  • MSD Performance, Inc.

    Purchaser of this developer and manufacturer of ignition, engine management and data acquisition products.

  • Paramount Pictures and Affiliates

    Purchaser of the Mann Theatre chain.

  • Real Mex Restaurants, Inc.

    Purchaser of the largest owner of full-service Mexican restaurants in the United States.

  • Starwood Ceruzzi LLC and Vornado Realty LLC

    Purchaser in the Hechingers chapter 11 case.

  • Suzuki Motor of America Inc.

    Purchaser, through a newly formed subsidiary, of the motorcycle, ATV and marine divisions of American Suzuki Motor Corporation in its chapter 11 case.

Equity Holders

  • 203 North LaSalle Street Limited Partnership and Related Entities

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

  • Pittsburgh Penguins

    A significant investor in the Pittsburgh Penguins hockey team, in connection with the chapter 11 case of that team.

  • President Casinos, Inc.

    Official Committee of equity holders in the chapter 11 cases of a St. Louis-based riverboat casino; successfully confirmed plan resulting in a substantial distribution to equity.

  • Transpacific Enterprises, Inc.

    Sole shareholder of Transpacific Enterprises, Inc., a full service airline support company, in connection with the successful restructuring of the company.

  • Workflow Management, Inc.

    Equity holder of Workflow Management, Inc., in negotiating and obtaining confirmation of a consensual plan of reorganization.

Recent News

KTBS in the News  |  Jun 2013

TMA to Induct Kenneth N. Klee into Its Turnaround, Restructuring, and Distressed Investing Industry Hall of Fame

TMA to Induct a Class of 10 into Its Turnaround, Restructuring, and Distressed Investing Industry Hall of Fame Five past chairpersons to be inducted as honorary members CHICAGO – The Turnaround Management Association (TMA) has announced that 10 icons will be inducted into the Turnaround, Restructuring, and Distressed Investing Industry Hall…

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Publications  |  May 2024

Bankruptcy Cases on the Supreme Court’s Decision Desk in 2024

KTBS partner Sasha Gurvitz writes about impactful upcoming bankruptcy decisions expected from the Supreme Court this summer.  Reprinted from Norton Bankruptcy Law Adviser, Volume 03, No. 01, January 2024, with permission. Copyright © 2024, Thomson Reuters. For more information about this publication, please visit https://legal.thomsonreuters.com/en/products/law-books. Bankruptcy Cases on the Supreme…

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