BLOCK & GARDEN, LLP
Sterling Plaza
5949 Sherry Lane, Suite 900
Dallas, TX 75225
P: 214-866-0990
F: 214-866-0991
Representative Transactions
Steven R. Block | Warren W. Garden | I. Richard Levy | Christopher M. McNeill | Susan K. Frierott
I. Richard Levy
Bankruptcy
| Debtor: | ICH Corporation |
| Type: | Chapter 11 |
| Role: | Creditors Committee Counsel |
| Court: | U.S. Bankruptcy Court Dallas |
| Summary: | Represented Committee in $500 million insurance holding company case. Opposed Debtor's proposed sale and instead obtained auction of subsidiary life insurance companies. Co-proponent of Plan of Reorganization establishing a liquidating trust for unsecured creditors. Creditors paid over 95% of face value of claims. |
| Debtor: | Infinity Logistics Management, L/P/ |
| Type: | Chapter 11 |
| Role: | Creditors Committee Counsel |
| Court: | U.S. Bankruptcy Court Fort Worth |
| Summary: | Committee counsel in chapter 11 of supply logistics company in Mid-Cities with $5 million annual cash flow. Determined present management inadequate and successfully moved for appointment of Trustee. Drafted Plan of Reorganization. Found cash purchaser and provided for additional creditor payments over three years. |
| Debtor: | Professional Breaktime Alternatives, Inc. |
| Type: | Chapter 11 |
| Role: | Creditors Committee Counsel |
| Court: | U.S. Bankruptcy Court Plano |
| Summary: | Committee Counsel in chapter 11 case of Metroplex vending company with significant annual cash flow. Investigated Debtors and officers, Mediated disputes with suppliers. Determined present management dishonest and incompetent, and successfully moved for appointment of Trustee. Converted case to chapter 7 to save legal expense of chapter 11. |
| Debtor: | Pilgrims Pride, Inc. |
| Type: | Chapter 11 |
| Role: | Special Counsel to Plaintiff's Counsel for 500 + Growers |
| Court: | U.S. Bankruptcy Court Fort Worth |
| Summary: | Challenged Debtor's motion to close certain facilities in Texas and Arkansas. Mediated grower issues and payments with Steve Felsenthal, as official court mediator and Weil Gotshal for Debtors. Prepared 500+ proofs of claim and assisted in filing lawsuits in Federal Court. Obtained preferred funding of grower payments for plaintiffs totaling over a one and a half million dollars. |