Bankruptcy/Restructuring: Highly Regarded

Otterbourg P.C.’s Bankruptcy & Restructuring Department is a leading insolvency practice representing stakeholders in complex U.S. and cross-border proceedings across healthcare, retail, manufacturing, real estate, aviation, and financial services. The department represents secured and unsecured creditors, committees, debtors, and fiduciaries in multi-billion-dollar restructurings, with strength in mass tort bankruptcies involving divisive mergers, injunctions blocking personal injury litigation against non-debtor tortfeasors, and bad-faith filings. The firm secured dismissal in each of Johnson & Johnson’s three talc bankruptcy attempts, including Red River Talc (March 2025), and dismissal of the Aearo Technologies (3M) bankruptcy (June 2023) for the Official Committee of Combat Arms Earplug Claimants, resulting in a $6 billion post-dismissal settlement with 3M. Otterbourg also advises major financial institutions, including Wells Fargo, Bank of America, PNC, and Goldman Sachs, in out-of-court restructurings and bankruptcy litigation, with a strong record of improving secured creditor recoveries. Attorneys regularly serve in fiduciary and court-appointed roles as trustees, examiners, receivers, patient care ombudsmen, mediators, and arbitrators, including as Temporary Operator of Interfaith Medical Center and fiduciary roles in the Madoff and Lehman Brothers matters.