A major U.S. healthcare client and its subsidiaries needed help with the resolution of a significant number of post-effective date bankruptcy claims and issues.
The bankruptcy group worked with an interdisciplinary team tasked with resolving approximately 3,000 claims throughout the United States totaling over $900 billion. The case involved wide-ranging legal issues including, among others, bankruptcy, tax, insurance and antitrust. The case was before the U.S. Bankruptcy Court in New York.
The claims were favorably resolved in less than one year.
Further, four high-ranking doctors subsequently sought to void their non-compete agreements, requiring the reopening of the client's bankruptcy case. The doctors later withdrew their petitions.
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