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The Paul, Weiss Litigation Department is led by a team of the country’s most accomplished trial lawyers. Our litigators in New York and Washington, D.C. handle the most complex and demanding lawsuits, class actions, government investigations, criminal prosecutions and restructurings. Our clients include Fortune 50 corporations and other prominent companies in the financial services, investment, medical device, pharmaceutical, sports, technology, energy, media and insurance industries. Every day, we are called on by chief executives, board chairs, general counsel, investors and entrepreneurs for our unmatched trial skills, sophisticated business judgment and renowned strategic advice.

Wilmington Trust Wins Appeal of Sabine Standing Decision

Paul, Weiss client Wilmington Trust, N.A, agent for second lien lenders, obtained a significant appellate victory when Judge John Koeltl of the Southern District of New York issued an opinion affirming in full the bankruptcy court's decision to deny standing to the official committee of unsecured creditors in the chapter 11 cases of Sabine Oil & Gas Corporation to pursue a wide range of claims and causes of action. The creditors' committee sought standing to pursue claims of constructive fraudulent transfer, actual fraudulent transfer, equitable subordination, recharacterization and aiding and abetting breaches of fiduciary duty against our client as well as claims against other parties. In his 46-page opinion, issued two weeks after oral argument, Judge Koeltl found that the bankruptcy court was correct in holding that the creditors' committee failed to show that it had plausible claims or claims worth bringing.

The Paul, Weiss team included litigation partner Moses Silverman, who argued the appeal; bankruptcy partners Alan Kornberg and Brian Hermann; and litigation counsel Karen King.

June 24, 2016

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