In recent months, clients have turned to Sullivan & Cromwell for some of the most complex, high-profile bankruptcies, including those of FTX Trading and SVB Financial Group, the parent of Silicon Valley Bank. Other active assignments include representing Major League Baseball in the bankruptcy of Diamond Sports Network, which operates 19 regional sports networks. In June, we secured a major win for MLB when a federal bankruptcy judge held that the networks must pay the full fees due under their telecast rights agreements with four teams, earning American Lawyer “Litigator of the Week” honors. We also represent Kidde-Fenwal as debtor in the first bankruptcy involving the wave of PFAS tort liability in the United States.
Our broad-based Restructuring practice represents a range of domestic and international participants across the U.S., Europe and Asia-Pacific, including debtors, creditors and private equity investors, as well as sovereign entities, boards and sponsors. We have handled ongoing and recent matters for:
S&C’s restructuring practice is a fully integrated part of the Firm. S&C’s top lawyers—including the senior lawyers of every practice group—are available to restructuring clients. As a result, we have a remarkable record of importing into a restructuring assignment cutting-edge legal techniques from beyond the normal restructuring playbook.
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