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This content is provided by James L Patton Jr.

Practice Areas

Fiduciary appointments, advising fiduciaries in insolvency situations, advising appointed monitors, corporate restructurings, advising troubled private equity portfolio companies, and mass tort related insolvencies. Appointments have included appointment by the Delaware Court of Chancery to serve as Interim Chief Administrative Officer and numerous appointments by Bankruptcy Courts to serve as Future Claimants Representative. Clients have included, among many others, Professor Eric D. Green Monitor of the $17B 2014 Bank of America RMBS Settlement, Monitor of the $3.2B 2016 Morgan Stanley Mortgage Stanley RMBS Settlement, Monitor of the $5.3B 2016 Goldman Sachs RMBS Settlement, and Monitor of $500M Royal Bank of Scotland RMBS Settlement, Boston Generating, LLC (Special Committee of the Board), Dynegy (Special Committee of the Board), USEC, Inc. (Special Committee of the Board), Continental Airlines, Inc., Columbia Gas Systems, Inc., Days Inns of America, Inc., MEI Diversified, Inc., Simmons Upholstered Furniture, Inc., Fuller-Austin Insulation Company, Florida Coast Paper Company, Alterra Healthcare Corporation, American Home Mortgage Holdings, Inc., DBSI, Inc., Smurfit-Stone Container Corporation, Catholic Diocese of Wilmington, Inc.; the Asbestos Future Claims Representative in connection with over 30 insolvencies including The Celotex Corporation, Babcock & Wilcox Company, Owens-Corning, Armstrong World Industries, Inc., Federal-Mogul Global Inc., USG Corporation, Pittsburgh Corning Corporation, Kaiser Group International, Inc., Narco, Halliburton Company, and Quigley as well as debtors in over 40 prepackaged bankruptcy cases.

Career

Chairman Emeritus,Young Conaway Stargatt & Taylor, LLP; joined firm in 1983, became Partner in 1989, and served as Chairman from 2001 through 2018.

Professional Memberships

Member, Delaware State Bar Association, Chairman, Bankruptcy Law Subcommittee, Commercial Law Section (1986-2004); Chairman, Chapter 11 Committee, Bankruptcy Section (2005-2010); Member, District of Columbia Bar; Member, New York State Bar Association; Member, U.S. District Court for the Southern District of New York; Admitted to practice before the Supreme Court of the United States; Member, American Bar Association, Business Law Section, Business Bankruptcy Committee, Claims Trading Subcommittee (Chair, 2002-2014), Committees Subcommittee (Chair 2014-2016); Member, American Association for Justice; Member, American Bankruptcy Institute; Member, Association of Insolvency & Restructuring Advisors; Member, Turnaround Management Association; Member of Board of Contributors, Fletcher Corporate Bankruptcy, Reorganization and Dissolution, Clark, Boardman, Callaghan (1992); Participant on Judge Scirica's Working Group on Mass Torts in connection with the Report of the Advisory Committee on Civil Rules and the Working Group on Mass Torts to the Chief Justice of the United States and to the Judicial Conference of the United States (1999); Fellow, American College of Bankruptcy.

Publications

Co-author, 'Corporate Governance of Insolvent and Troubled Entities', 109 Corporate Practice Portfolio Series (BNA), 2017; Co-author, 'Prepackaged Asbestos Bankruptcies: Down But Not Out', New York University Annual Survey of American Law, 2008; Co-author, 'Current Issues and Developments in Cross-Border Insolvencies', Presented at the American Bankruptcy Institute, Delaware Views from the Bankruptcy Bench and Bar, 2006; Co-author, 'Effects of Bankruptcy on Director & Officer Liability' and 'Directors & Officer Liability Insurance Presented at Third Circuit Judicial Conference', 2002; Co-author, 'Futures Representative's Informational Brief', Mealey's 'Asbestos Bankruptcy Conference', 2001.