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The Paul, Weiss Bankruptcy & Corporate Reorganization Department serves as a critical advisor in almost every major, complex restructuring matter, helping companies, creditors and investors facing rapid market transformation respond to business challenges with comprehensive and innovative strategies. Diversity of matters and clients, senior-level attention and seamless delivery of multidisciplinary services distinguish the practice.

Triangle Petroleum Wins Chapter 11 Plan Confirmation

Paul, Weiss represented independent energy holding company Triangle Petroleum Corporation in its successful pre-packaged chapter 11 restructuring plan. Under Triangle’s plan, which was confirmed by U.S. Bankruptcy Judge Mary F. Walrath in Wilmington, Delaware, secured noteholder J.P. Morgan Securities LLC will receive 100 percent of the equity in the reorganized company, and general unsecured creditors will be paid in full. The company entered chapter 11 bankruptcy in May.

The Paul, Weiss team included bankruptcy partners Kelley Cornish and Jacob Adlerstein and counsel Diane Meyers; corporate partner Andrew Foley and counsel Scott Grader; tax partner Scott Sontag; employee benefits partner Andrew Gaines; and litigation partner Stephen Lamb and counsel Daniel Mason.

June 14, 2019

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