Reorg Webinar: Fallout From Liability Management Exercises
Fri Nov 10, 2023 4:04 pm Bankruptcy Filings

Register now – Reorg webinar: Fallout From Liability Management Exercises: Double Dip and Pari Plus Fights In and Out of Bankruptcy, Hosted by Schulte Roth & Zabel and Reorg on Nov. 15

Join Reorg and Schulte Roth & Zabel on Nov. 15 at 12 p.m. ET for a discussion on potential state law and bankruptcy challenges to “double-dip” and “pari plus” financing transactions, including fraudulent transfer, substantive consolidation/alter ego, recharacterization and equitable subordination issues. Reorg held a webinar on Oct. 4 discussing the nuts and bolts of recent double-dip transaction structures; this panel presentation will consider possible litigation by nonparticipating creditors and creditors’ committees to eliminate the benefits of these structures for participating creditors and the implications for plan treatment and value allocation.

Other liability management/non-pro rata transactions, including uptier exchanges and drop-downs, have drawn challenges from nonparticipating creditors both inside and outside bankruptcy. Some of these challenges have proceeded in state court (TriMark, Boardriders and Mitel) while others became the central issue in chapter 11 cases (Revlon, Serta Simmons, Envision and Wesco/Incora). The panel will consider whether double-dip transactions face similar challenges, the arguments on both sides and the effect of these claims on an eventual bankruptcy filing by the borrowers.

Kevin Eckhardt, Deputy Managing Editor-Legal at Reorg, will moderate the webinar, and presenters include:

  • Douglas Mintz, Partner, Schulte Roth & Zabel
  • Jared Muroff, Distressed Debt Research Manager, Reorg
  • Julia Beskin, Partner, Schulte Roth & Zabel
  • Ned Schodek, Partner, Schulte Roth & Zabel

Attendees will be invited to submit questions during the webinar.

Webinar details:

  • When: Nov. 15 at 12 p.m. ET
  • Registration: To register for the webinar, please click here. Please register using your business email address.

If you would like to be panelist on any upcoming webinars, please contact, and if you would like to be notified for the upcoming webinars, sign up for Reorg on the Record.

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