30 Rockefeller Plaza
New York, NY 10112
United States of America
+1 (212) 408-5112
dlemay@chadbourne.com
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David
M.
LeMay
Partner
Practice Description
David LeMay has practiced in the bankruptcy and insolvency area for nearly 25 years. He also has substantial experience in general corporate, securities and transactional matters. He represents Chapter 11 creditors’ committees, debtors and other parties with interests in bankruptcy and insolvency situations and has deep experience in the restructuring of the obligations of troubled financial guarantee insurance companies. He has substantial experience in formulating and litigating plans of reorganization, debtor in possession financings, cash collateral orders and stay relief matters, lease and license disputes in bankruptcy cases, and going-out-of-business retail store closing programs. He has handled numerous insolvency matters in retailing, the media industry (publishing, newspapers, film, video, broadcast and cable television, and related technologies) and in the commercial aviation industry. He was recognized in Chambers USA (2011) as "a superb bankruptcy practitioner."
Representative Matters
- Currently representing the creditors committee of Tribune Company.
- Currently representing numerous account holders, counterparties, and other creditors in the Lehman Brothers bankruptcy cases and related SIPA proceedings.
- Represented creditors’ committees in Parmalat USA Corp., Spiegel, Inc., Metromedia Fiber Network, Inc., Sher Distributing Company, Wallace’s Bookstores, Crown Books, Learningsmith, Lauriat’s and Golden-Lee Book Distributors cases.
- Represented account holders with approximately $500 million of exposure in the Refco, Inc. et al. Chapter 11 cases.
- Represented the ad hoc committee of swap counterparties in the restructuring of the monoline insurance company, ACA Financial Guaranty and represented a major swap counterparty in the 2010 restructuring of Ambac Assurance Corporation.
- Led our engagement for Royal Bank of Canada in now-concluded litigation with MBIA, Inc. and its affiliates.
- Represented a major global financial institution in the Northwest Airlines Chapter 11 cases.
- Represented lenders and potential asset acquirers in the Enron Chapter 11 case.
- Represented key creditor in the Advanced Marketing Services, Inc. Chapter 11 case.
- Represented Acme Metals and Continental Airlines as Chapter 11 debtors.
- Served as principal bankruptcy counsel for Isetan Company Ltd. in the protracted Chapter 11 case of Barney’s, Inc.
Honors
Mr. LeMay is recognized in The Best Lawyers in America (2011) for his work in bankruptcy and creditor/ debtor rights/ insolvency and reorganization law. He is also cited in New York Super Lawyers (2006-2010) in the area of bankruptcy and creditor/debtor rights. He was cited in Chambers USA (2011) for his "technical knowledge and expertise, and for his 'excellent ability to deflect bluster and get things done.'"
Activities and Affiliations
Mr. LeMay is a past member of the Committee on Bankruptcy and Corporate Reorganization of the Association of the Bar of the City of New York.
Publications
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"Wisconsin regulator's decision on Ambac illustrates key features of surplus notes as well as challenges faced by policyholders in rehabilitation proceedings," Client Alert, June 20, 2011
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"Special Treatment for Broker-Dealer Customers in the United States," (co-author), International Restructuring NewsWire, January 2009
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"Recent Decision Puts Added Disclosure Pressure on Unofficial Committees," (co-author), International Restructuring NewsWire, September 2007
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"BAPCPA: Review and Analysis of Business Bankruptcy Provisions After One Year," (co-author), Pratt's Journal of Bankruptcy Law, January/February 2007
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"District Court Decision Negates Bank Guarantees Granted by Fortune 500 Affiliates," Client Alert, November 29, 2004
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"Wisconsin regulator's decision on Ambac illustrates key features of surplus notes as well as challenges faced by policyholders in rehabilitation proceedings," Client Alert, June 20, 2011
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"Special Treatment for Broker-Dealer Customers in the United States," (co-author), International Restructuring NewsWire, January 2009
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"Recent Decision Puts Added Disclosure Pressure on Unofficial Committees," (co-author), International Restructuring NewsWire, September 2007
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"BAPCPA: Review and Analysis of Business Bankruptcy Provisions After One Year," (co-author), Pratt's Journal of Bankruptcy Law, January/February 2007
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"District Court Decision Negates Bank Guarantees Granted by Fortune 500 Affiliates," Client Alert, November 29, 2004
Speeches and Events
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