Experience

Chapter 11 Bankruptcy Case

Official Committee of Unsecured Creditors of The New York Daily News

In representing the Creditors' Committee of Maxwell Newspapers, Inc., Chadbourne successfully negotiated the sale of The New York Daily News to Mort Zuckerman. The case provided a major test of the ability to reject a collective bargaining agreement in a Chapter 11. After winning an appeal to the U.S. Court of Appeals - Second Circuit, the plan of reorganization was confirmed. The plan implemented the sale that preserved the newspaper and hundreds of jobs.