Andrew G. Devore
Andrew Devore focuses his practice on representing institutional investors, private equity funds, creditors committees, and other interested parties in financial restructuring and insolvency-related litigation. Andrew also has experience representing corporations and private equity sponsors in Chapter 11 bankruptcy cases, out-of-court restructurings, and asset acquisitions.
- Represents the Indenture Trustee (both at trial and on appeal) for $4 billion of First Lien Notes in the chapter 11 case of Energy Future Intermediate Holdings LLC,. The bankruptcy case is the largest ever filed in the District of Delaware and is the seventh largest Chapter 11 case filed in history (by liabilities).
- Represented the official committee of unsecured creditors in the chapter 11 case of Sabine Oil & Gas, an independent oil and gas exploration and production company which had approximately $2.6 billion in funded debt obligations. The cases involved complex legal issues relating to, among other things, an alleged fraudulent conveyance arising from a pre-bankruptcy merger between Forest Oil Corporation and Sabine Oil & Gas.
- Represented an ad hoc group of holders of more than $40 billion of residential mortgage-backed securities issued by subsidiaries of Residential Capital, LLC in settling mortgage origination related claims for $8.7 billion, which settlement was litigated and ultimately incorporated into a consensual Chapter 11 plan (Bankr. S.D.N.Y.)
- Lead trial counsel representing significant creditor in insurer rehabilitation proceedings of Ambac Assurance Corporation in Wisconsin state court.
- Represented state agency in a $90 million products liability claim in federal district court against financially-troubled manufacturer of defective construction materials (D. Mass.).
- Counsel to the representatives of the heirs of Howard Hughes in litigation in the Chapter 11 case of General Growth Properties, Inc., resulting in a $230 million recovery (Bankr. S.D.N.Y.).
- Second-chair trial counsel for indenture trustee contesting contractual subordination of $330 million in debt in Chapter 11 proceedings of a casino gaming company (Bankr. D. Nev.).
- Represented international restaurant franchisor as stalking horse bidder in acquiring more than thirty of its restaurants located across the U.S. from bankrupt franchisee to maintain continuous operations in expanding markets (Bankr. D. Del.).
- James M. Wilton and Andrew G. Devore, "Trademark Licensing in the Shadow of Bankruptcy," The Business Lawyer (May 2013)
- Christopher G. Green, Peter L. Welsh and Andrew G. Devore, "Managing Parallel Proceedings," National Law Journal (April 2009)