Chapter 11 Debtors

  • One of the world’s premier charter airlines operating out of Miami International Airport in Chapter 11 proceedings arising from the economic world impact by COVID-19.
  • Developer of a boutique hotel on Fort Lauderdale Beach with over 70 million in debt in successfully confirming its Chapter 11 case.
  • Fiddler’s Creek, Inc. and 27 of its subsidiaries and affiliates, developers of luxury homes in Naples, Florida, in their Chapter 11 proceedings and confirmed 100% payment plan.
  • Special litigation counsel to a merchant cash advance company with over $300 million in debt in its Chapter 11 proceeding.
  • Spanish entities which operate the popular fast-casual restaurants “100 Montaditos” in Chapter 11 proceedings.
  • One of the nation’s largest architectural glass and aluminum fabricators in Chapter 11 proceedings.
  • One of the largest Porsche and Audi dealership in the Southeast in Chapter 11 proceedings.
  • Owner and developer of 300 residential apartments in Tallahassee in Chapter 11 proceedings and related litigation.
  • Miami Beach hotel in investigating and pursuing lender liability claims against senior mortgage holders.
  • Musical instrument retailer with locations throughout the country in Chapter 11 proceedings.
  • Individual in successfully restructuring over $6 million of gambling debt in his Chapter 11 proceeding.
  • Individual in the successful restructuring of over $7 million in IRS and related liabilities in his Chapter 11 proceeding.

Trustees And Receivers

  • Chapter 11 trustee of Rothstein, Rosenfeldt & Adler, PA in connection with $1.2 billion Ponzi scheme (the largest in Florida’s history) perpetrated by the firm’s founder, sentenced to 50 years in prison, in recovering in excess of $100 million.
  • Florida Department of Financial Services as Receiver for a failed HMO, in successfully litigating and settling claims against a major international accounting firm for $17 million and other consideration, and in the same Receivership, pursuing claims against financial institutions for damages in excess of $100 million.
  • Chapter 11 trustee of a Miami Gardens Homeowners Association in successfully litigating through trial and obtaining a $16 million judgment against one of the largest residential developers in the United States.
  • Liquidating trustee in successfully pursuing claims against financial institutions used in a $500 million check-kiting scheme.
  • Chapter 7 trustee of former owner of fourth largest temporary staffing company, in seeking $80 million in recoveries paid to banks in connection with massive check kiting scheme.
  • Chapter 11 trustee in the prosecution of fraudulent transfer claims in connection with a $400 million Ponzi scheme against a financial institution resulting in a settlement for the client well in excess of eight figures.
  • Chapter 7 trustee in connection with a $350 million Ponzi scheme with 7,000 European investor victims, achieving substantial recoveries in 169 lawsuits.
  • Receiver of financial brokerage in pursuit of $20 million in claims arising from a real estate investment Ponzi scheme.
  • Chapter 11 trustee of a distressed 650-unit apartment complex in Miami resulting in a sale of project and dividend to creditors.
  • Chapter 7 trustee of a home improvement chain with over $100 million in annual revenues, in investigation and successful prosecution of director and officer liability claims in Delaware bankruptcy court.
  • Chapter 11 trustee in a nationwide professional employer organization (PEO) bankruptcy, in successfully pursuing avoidance and successor liability litigation.
  • Chapter 11 trustee of major PEO seeking to recover $100 million in diverted corporate clients and to consolidate multiple corporate entities.
  • Liquidating trustee of a publicly traded telecommunications business with $200 million in revenue in successfully pursuing former officer and director liability claims.
  • Receiver in pursuit of avoidance and other claims arising from a $170 million fraudulent scheme.
  • Chapter 7 trustee of the owner of the former Plantation Fashion Mall, which includes over 32 acres of commercial real property in Fort Lauderdale.
  • Chapter 7 trustee of the largest individual bankruptcy case filed in Florida, in successfully avoiding over $60 million in fraudulent transfers, as well as $43 million Palm Beach oceanfront estate ultimately sold to Donald Trump.
  • Chapter 7 trustee of a public fractional aircraft ownership company, in achieving a $9 million settlement of director and officer claims.
  • Liquidating trustee of Rich International Airways in successful pursuit of avoidance litigation claims against probate estate of Miami entrepreneur, recovering in excess of $25 million.

Creditors' Committees

  • ​Special Litigation Counsel to the Committee of Unsecured Creditors of Title III debtors in the current $129 Billion Puerto Rico government-debt crisis and insolvency proceedings (“PROMESA”), including the Commonwealth of Puerto Rico, Puerto Rico Electric and Power Authority, Employees Retirement System, and the Highways and Transportation Authority.
  • Creditors’ Committee in Fontainebleau Las Vegas Holdings, LLC and its subsidiaries, a partially completed “Tier A” casino hotel resort in Las Vegas with debts exceeding $2.5 billion, which was ultimately sold to an entity controlled by Carl Icahn.
  • Creditors’ Committee of TLO, Inc., a data solutions provider with assets that sold for $154 million, resulting in a 100% distribution to creditors.
  • Creditors’ Committee of Florida Gaming Corporation, the owner and operator of the Miami Jai Alai and Casino, in its successful Chapter 11 reorganization which resulted in a 100% distribution to the unsecured creditors
  • Creditors’ Committee in Levitt & Sons, LLC and 37 subsidiaries, a large home builder and real estate developer with projects in four states and over $500 million in secured and unsecured debt.
  • Creditors’ Committee in Mercedes Homes and subsidiaries, the 20th largest U.S. home builder with assets and liabilities of over $300 million.
  • Creditors’ Committee in Arrow Air, Inc. d/b/a Arrow Cargo, the largest cargo carrier operating out of Miami International Airport.
  • Creditors’ Committee of a nursing home and rehabilitation center in its successful reorganization, resulting in a 100% distribution to creditors.
  • Creditors’ Committee of a biomanufacturing company focused on developing personalized cancer vaccines in its successful reorganization.
  • Creditors’ Committee of debtors engaged in operating, franchising and licensing casual dining restaurants throughout the United States.
  • Creditors’ Committee of a multi-billion dollar waste clean-up business in Delaware Chapter 11 proceedings, pursuing claims against financial institutions settled for $40 million.
  • Creditors’ Committee of a multi-billion dollar propane retailer in Southern District of New York Chapter 11 proceedings, investigating potential avoidance claims against lenders and asserting equitable subordination claims.
  • Creditors’ Committee of arts and crafts specialty retailers with locations throughout the United States.
  • Creditors’ Committee of an entity engaged in the sale of aircraft engines and engine maintenance and overhaul services in Chapter 11 proceeding in Delaware.
  • Creditors’ Committee of designer and manufacturer of products used to provide ballistic protection for personnel and vehicles in the military and law enforcement.
  • Creditors’ Committee of an international call center with operations in the United States, the Philippines and South America.

Other Notable Engagements

  • In the Enron Chapter 11 proceedings, bankruptcy and co-counsel, in New York and related Texas proceedings, representing Enron securities class action lead plaintiff, assisting in obtaining $7.2 billion in settlements, the largest recovery ever in a securities class action.
  • Family of murder victim, Ronald Goldman, in successfully recovering the publishing rights to O.J. Simpson’s book, “If I Did It.”
  • Managing partner of major national law firm as outside director of a public company in successful defense of director and officer liability claims brought by bankruptcy trustee.
  • Franchisor clients, including Burger King Corporation, Luxottica Retail North America (Pearle Vision), TGI Friday’s, Inc., Five Guys Enterprises, Checkers Drive-In Restaurants, and Krispy Kreme Doughnut Corporation, in numerous franchisee bankruptcies throughout the United States.
  • Numerous retail tenants in the General Growth Properties Chapter 11 proceedings in New York.
  • Successful bidder in the Univita Holding, LLC in purchasing thousands of pieces of durable medical on-site equipment, being used throughout Florida assets.
  • Individual involuntary debtor in obtaining the successful dismissal of involuntary bankruptcy petition filed by affiliates of one of the country’s largest banks, establishing precedent in the Eleventh Circuit for obtaining fees and costs against non-petitioning creditor in dismissal and all aspects of appeal, obtaining denial of certiorari in the U.S. Supreme Court, and obtaining substantial damages verdict after 11-day jury trial.

Receivership Representations

  • Special Litigation Counsel to the assignee for the benefit of creditors for Laser Spine Institute, LLC and affiliated entities pursuing claims for recovery of in excess of $110,000,000.
  • Special Litigation Counsel to the Liquidator of the Puerto Rican Insurance Commissioner relating to claims against directors and officers of an insolvent, regulated insurer.
  • Represents the Chapter 7 trustee in the bankruptcy of one of the largest foreclosure defense firms in the State of Florida, with over 4,000 potential claimants
  • Represents the Trustee of the Mutual Benefits Keep Policy Trust, which arose from the Mutual Benefits Corporation receivership, Sec. and Exch. Comm’n v. Mutual Benefits Corp., Case No. 04-60573-CIV-Moreno.
  • Special Litigation Counsel to the Receiver excused from turnover in the Chapter 11 case of Bal Harbour Quarzo, pursuing professional malpractice and fraudulent transfer claims in excess of $40 Million.
  • Represents the Federal Court-Appointed Receiver in 321 Loans Receivership and over 100 affiliated entities, in action brought by the FTC that defrauded over 35,000 consumers out of more than $85 million in a nationwide debt relief scheme.
  • Represents the Federal Court-Appointed Receiver in World Patent Marketing, Inc. and Desa Industries, Inc. and affiliated entities, in action brought by the FTC that defrauded over 1,500 consumers out of approximately $26 million for fraudulent and deceptive acts in invention-promotion scheme.
  • Represents the Federal Court-Appointed Receiver in Pointbreak Media, LLC and its affiliated entities that engaged in a multi-million dollar telemarking and robo-call scam targeting small business owners.
  • Represents the Federal Court-Appointed Receiver of Health Service Providers, Inc., Magnolia Health Management Corp., and affiliated entities engaged in a multi-million dollar medical discount plans and health-related plans.
  • Represents the Federal Court-Appointed Receiver over VGC Corporation of America, All Dream Vacations Corp., and related entities. Despite taking over an insolvent estate whose principals filed for bankruptcy, obtained net recoveries of over $600,000 for the benefit of victims.
  • Represents the Federal Court-Appointed Receiver over Hispanic Global Way Corp, First Airborne Service Trading Corp, Hispanic Network Connections, LLC, and related entities in an action brought by the FTC, and recovered over $1.5 million for victims. 
  • Represented the Federal Court-Appointed Receiver for Creative Capital Consortium, LLC and affiliated entities that defrauded investors of over $68 million, and distributed a 34% recovery to victims despite inheriting a receivership with only $28,000 in bank accounts upon appointment.
  • Lead Counsel to the Court-Appointed Receiver and Chapter 11 fiduciary in E.S. Bankest, L.C. Receivership in pursuit of avoidance and other claims arising from a $170 million fraudulent scheme.
  • Lead Counsel to the Court-Appointed and Chapter 11 Trustee in Louis Pearlman Ponzi scheme in the prosecution of fraudulent transfer claims in connection with a $400 million scheme against a financial institution resulting in a settlement for the client well in excess of eight figures.
  • Counsel to the Court-Appointed Receiver in Bogdan Financial Group, Inc. and its affiliated defendants that operated a Ponzi scheme that deprived hundreds of residents of the State of Florida of over $16 million dollars.

Meet Our Receivership Experts

Notable Directors And Officers/Professional Liability Representations

  • 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 AdlerActed 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 AirwaysRepresented 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 AirlinesRepresented 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.