Director and Officer Representation

  • In re Fontainebleau Las Vegas - Representing Chapter 7 bankruptcy trustee of privately owned hotel/resort developers in investigating and prosecuting breach of fiduciary duty, professional negligence, and related claims against certain former officers, directors, insider affiliates, and independent outside auditors of the Debtors, with total claims against the bankruptcy estate exceeding $1 billion. Through the direct efforts of GJB, the estate realized over $125 million in cash and claim waivers pursuant to an approved settlement.
  • In re Enron - Co-counsel to class action plaintiffs in largest securities class action case relating to major energy, commodities, and service company, which filed for Chapter 11 bankruptcy protection, constituting one of the largest corporate bankruptcies in history. Through the direct efforts of GJB and others, $168 million in proceeds was recovered for the benefit of the class action plaintiffs and the bankruptcy estate. The D&O policy at issue was a $350 million "wasting asset" policy and the $168 million recovered constituted substantially all of the remaining policy limits less defense costs incurred.
  • In re Rothstein Rosenfeldt Adler - Acted as special litigation counsel to the Chapter 11 Trustee of the Estate, reported to be the fourth largest Ponzi scheme ever in bankruptcy, resolving several litigation matters for in excess of $100 million.
  • In re Rich International Airways - Represented Chapter 11 bankruptcy trustee of privately owned charter airline in investigating and prosecuting breach of fiduciary duty, breach of contract, and other claims against certain of the Debtor's insider affiliates. Through the direct efforts of GJB, the estate received gross recoveries totaling $25 million on a damage model of $41 million against the principal of a joint venture partner.
  • In re Certified HR Services - Represented Chapter 11 bankruptcy trustee of private employee staffing company in investigating and prosecuting breach of fiduciary duty and professional liability claims against certain former officers, directors, insider affiliates, and outside independent auditors. Through the direct efforts of GJB, the estate received gross recoveries exceeding $15 million.
  • In re Bravo! Brands - Represented Chapter 7 bankruptcy trustee of former publicly traded beverage company in investigating and prosecuting breach of fiduciary duty, professional liability, and complex bankruptcy avoidance claims against, among others, the Debtor's former officers, directors, and outside independent auditors. Through the direct efforts of GJB, the trustee effectuated favorable settlements exceeding $8.6 million for the benefit of Debtor's estate.
  • In re Arrow Air - Represented creditors' committee and bankruptcy liquidating trustee of privately owned cargo airline in investigating and asserting breach of fiduciary duty and other claims against certain of the Debtors' former officers, directors, and insider affiliates. Through the direct efforts of GJB, the liquidating trustee effectuated a $2.875 million pre-suit settlement at mediation for the benefit of bankruptcy estate.
  • In re PPOA Holding - Represented creditors' committee and bankruptcy liquidating trustee of publicly traded protective armor manufacturer in investigating and prosecuting breach of fiduciary duty and other claims against certain of the Debtors' former officers and directors. Through the direct efforts of GJB and others, over $5 million in D&O insurance proceeds was recovered for the benefit of the bankruptcy estate and certain class action plaintiffs.
  • In re Gulfstream Int'l Airlines - Represented bankruptcy liquidating trustee of publicly traded commuter airline in investigating and prosecuting breach of fiduciary duty and other claims against certain of the Debtor's former officers, directors, and insider affiliates. Through the direct efforts of GJB, the liquidating trustee effectuated a favorable $1.9 million settlement for the benefit of the bankruptcy estate and other parties in interest.
  • In re Jiangbo Pharmaceuticals - Representing Chapter 7 bankruptcy trustee of publicly traded Chinese reverse merger pharmaceutical company in investigating and prosecuting breach of fiduciary duty, professional liability, and other claims against the Debtor's former officers, directors, insider affiliates, and outside independent auditors. Through the direct efforts of GJB, the trustee effectuated favorable settlements in the amount of $1.65 million for the benefit of Debtor's estate, and obtained a Bar Order enjoining all competing claims in connection with the D&O settlement which resulted in a favorable published Bankruptcy Court decision, with such decision recently being affirmed in all respects on appeal by the United States District Court for the Southern District of Florida.
  • Represented court appointed assignee for benefit of creditors of publicly traded bio­pharmaceutical company in investigating and prosecuting breach of fiduciary duty and state law avoidance claims against the company's former officers, directors, and outside independent auditors. Through the direct efforts of GJB, the assignee effectuated favorable settlements exceeding $1.5 million for the benefit of the assignment estate.
  • In re Advanced Interactive Systems - Currently representing Delaware Chapter 7 bankruptcy trustee of companies that designed and operated military training simulators and live fire training ranges in investigating and asserting breach of fiduciary duty and other claims against certain of the Debtors' former officers and directors. Through the direct efforts of GJB, the trustee recently reached a favorable multi-million dollar pre-suit settlement at mediation for the benefit of the bankruptcy estate.
  • In re Avantair - Currently representing Chapter 7 bankruptcy trustee of aircraft fractional ownership company in investigating and asserting breach of fiduciary duty and other claims against certain of the Debtors' former officers and directors. Through the direct efforts of GJB, the trustee recently reached a favorable multi-million dollar pre-suit settlement at mediation for the benefit of the bankruptcy estate and multiple competing claimants, with such settlement pending Bankruptcy Court approval.
  • In re Comprehensive Clinical Development - Currently representing Chapter 7 bankruptcy trustee of privately owned clinical trial company in investigating and prosecuting breach of fiduciary duty and professional liability claims against the Debtors' former officers, directors, insider affiliates, and outside independent auditors, with total claims against the bankruptcy estate exceeding $23 million.
  • In re SMF Energy - Currently representing bankruptcy liquidating trustee of publicly traded petroleum product distributor in investigating and prosecuting professional negligence claims against the independent outside auditors of the Debtors, with total claims against the bankruptcy estate exceeding $60 million.
  • In re Universal Healthcare - Currently representing Chapter 11 bankruptcy trustee of a privately owned, Tampa-based HMO in prosecuting professional liability claims against the Debtors' outside independent auditors and actuary.