Hawaii Chapter 7 Bankruptcy Lawyers

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					                    Kathryn Coleman
                    Partner

                    New York
                    P: (212) 837-6447
                    F: (212) 299-6447
                    kcoleman@hugheshubbard.com



Areas of Concentration
                                                                          Practice Areas
                                                                          Corporate Reorganization and
Kathryn A. (Katie) Coleman, a partner in Hughes, Hubbard & Reed’s           Bankruptcy
New York office, is a member of the Corporate Reorganization Group,
with hands-on experience in all aspects of restructuring, both in and
out of court. Ms Coleman has represented chapter 11 debtors in            Education Information
possession, creditors' committees, secured lenders' groups,               University of California at Berkeley, J.D.,
acquirers of distressed assets in and out of bankruptcy court, and          1983
equity stakeholders in connection with troubled investments and           Pomona College, B.A., 1980
portfolio companies.

                                                                          Bar Admissions
The industries with which Ms. Coleman has had significant
                                                                          California
involvement include newspapers, home products, forest products,
                                                                          District of Columbia
retail, restaurants, hotels, metals, distribution, energy (both oil and   New York
gas and wind), regulated utilities, manufacturing, real estate, office
products, construction, new media, telecommunications, professional
services, technology, agribusiness, and banking.

Ms. Coleman frequently speaks on bankruptcy law and distressed
investing, participating in programs sponsored by Practising Law
Institute, the American Bankruptcy Institute, California Continuing
Education of the Bar, the American Bar Association, the Pacific
Bankruptcy Law Institute, the Western Mountains Bankruptcy Law
Institute, and the Norton Bankruptcy Litigation Institute.

Ms. Coleman was recently named one of the 100 Most Influential
Women in Business by the San Francisco Business Times, and she is
ranked by Chambers USA as a leading restructuring lawyer. Ms.
Coleman was also designated a leading lawyer in bankruptcy in the
2009 edition of The Best Lawyers in America, and her expertise in
cross-border insolvency was noted in the ILFR 500 for 2009 and in
PLC’s Cross-Border Insolvency Handbook for 2009-2010.

Ms. Coleman graduated magna cum laude from Pomona College.
She earned her J.D. from Boalt Hall School of Law (U.C. Berkeley),
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Partner
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 where she was elected to the Order of the Coif. She served as Senior
 Articles Editor of the California Law Review and is the author of “Arnel
 Development Co. v City of Costa Mesa : Rezoning by Initiative and
 Landowners Due Process Rights,” 70 Calif. Law Rev. 1107 (1982).

 Ms. Coleman clerked for the Honorable C. Martin Pence, U.S. District
 Judge for the District of Hawaii.

 Court Admissions

     s    United States Supreme Court

     s    United States Court of Appeals for the Fifth Circuit

     s    United States Court of Appeals for the Ninth Circuit

     s    United States District Courts for the Southern and Eastern
          Districts of New York

     s    United States District Courts for the Southern, Central,
          Northern and Eastern Districts of California

     s    United States District Court for the Southern District of Texas

     s    State of California

     s    State of New York

     s    District of Columbia

 Professional Activities

     s    Ms. Coleman is a member of the Turnaround Management
          Association (TMA) and the American Bankruptcy Institute (ABI).
          She serves on the Women's Committee of the New York
          chapter of TMA.

     s    Ms. Coleman is co-chair of the Complex Financial
          Restructuring Program to be presented as part of the 2009
          Southwestern Bankruptcy Institute in Reno, Nevada in
          September 2009.

     s    She has served on the California State Bar's Uniform
          Commercial Code Committee, and has been a member of the
          San Francisco chapter of the Women's President's
          Organization.

 Highlighted Matters

 Chapter 11 Debtors

     s    Affiliated Media, Inc.: Lead restructuring counsel in
          prepackaged bankruptcy of second-largest newspaper
          company in the U.S. Achieved acceptance of prepackaged plan
Kathryn Coleman
Partner
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          by virtually all creditors, and confirmation of plan in 41 days.

     s    International Chemicals Company: Ms. Coleman was co-lead
          restructuring counsel to a European-based chemicals
          company in its restructuring negotiations and developed a
          strategy involving a chapter 11 filing in the United States and
          related insolvency proceedings in Europe.

     s    The Scotia Pacific Company LLC: Ms. Coleman served as
          lead chapter 11 counsel to Scotia Pacific in its highly
          contentious chapter 11 case, which was filed in the United
          States Bankruptcy Court for the Southern District of Texas
          (Corpus Christi Division). The Scotia Pacific case is
          remarkable for the number of issues that were fully litigated,
          including venue, use of cash collateral, Scotia Pacific’s alleged
          status as a single-asset real estate debtor, exclusivity,
          valuation, cramdown standards, administrative claims, and a
          stay pending appeal. Ms. Coleman and her team defeated the
          noteholders’ attempt to have Scotia Pacific declared a “single
          asset real estate debtor,” and obtained an affirmance of the
          trial-level decision at the Fifth Circuit Court of Appeals, in one of
          the first cases to be directly certified to the Circuit Court of
          Appeals from the bankruptcy court. The opinion, which is the
          only Circuit Court of Appeals decision on the issue so far, is
          reported at 508 F.3d 214 (5th Cir. 2007). The multi-week
          contested confirmation trial in the Scotia Pacific case initially
          involved five competing plans of reorganization, cramdown
          standards, and valuation of Scotia Pacific’s assets. The
          confirmation of the plan for Scotia Pacific and its related
          debtors has also been appealed and certified to the Fifth
          Circuit.Hoop Holdings LLC (The Disney Store): Hoop operated
          several hundred Disney Stores in the United States and
          Canada. Ms Coleman led a restructuring team in Hoop
          Holdings’ prenegotiated chapter 11 case, filed in the United
          States Bankruptcy Court for the District of Delaware.

     s    Scotia Pacific's chapter 11 filing followed two years of
          negotiations between Scotia Pacific and its secured
          noteholders, during which Ms. Coleman led a team in
          formulating proposed restructuring plans and negotiating with
          the noteholders over the terms of the proposed restructuring,
          retention and payment of advisers and trading restrictions
          during the negotiation period.

     s    Hoop Holdings LLC (The Disney Store): Hoop operated
          several hundred Disney Stores in the United States and
          Canada. Ms Coleman led a restructuring team in Hoop
          Holdings’ prenegotiated chapter 11 case, filed in the United
          States Bankruptcy Court for the District of Delaware.

     s    Nextcard: Ms. Coleman was lead chapter 11 counsel to
          Nextcard, one of the first Internet-only banks. Nextcard's
          bankruptcy case was filed in the United States Bankruptcy
          Court for the District of Delaware.

     s    Solutia, Inc.: In Solutia's chapter 11 case filed in the U.S.
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Partner
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          Bankruptcy Court for the Southern District of New York, Ms.
          Coleman led the team responsible for negotiating,
          documenting, and obtaining approval (over others' objections)
          for both the initial debtor-in-possession (DIP) financing and the
          highly unusual replacement DIP loan. Prior to the filing, Ms.
          Coleman also led the team of finance lawyers that successfully
          relied on a sui generis "desecuritization" provision in the loan
          documentation to restructure Solutia's bank debt. The
          desecuritization was challenged, and upheld, in Solutia's
          subsequent bankruptcy case.



 Creditors, Creditor Groups, Distributors And Sureties

     s    Legacy Estates: Ms. Coleman represented Wilson Daniels,
          Ltd., one of the country’s largest wine distributors, in its
          capacity as the exclusive marketing agent and distributor of the
          Arrowood, Freemark Abbey and Byron wine brands for the
          brands’ owner, Legacy Estates, a chapter 11 debtor. Ms.
          Coleman and her team implemented a strategy that led to full
          payment of Wilson Daniels’ claims and ensuring that Wilson
          Daniels has a continuing relationship with the brands’
          acquirer, Kendall Jackson Wine Estates Ltd.

     s    Brobeck, Phleger & Harrison (Citibank): The law firm of
          Brobeck, Phleger & Harrison incurred over $120 million in
          secured debt to Citibank. Ms. Coleman led the legal team, first
          in restructuring Brobeck's obligations to the bank, and then in
          dealing with the multiple issues arising out of Brobeck's
          dissolution and the transfer of many of its partners to other law
          firms. Ultimately, Brobeck commenced a chapter 7 bankruptcy
          case. Citibank was paid in full.

     s    Pacific Gas & Electric (Merrill Lynch): Ms. Coleman
          represented Merrill Lynch in connection with its service as a
          member of the Official Committee of Unsecured Creditors in
          PG&E's chapter 11 case in the U.S. Bankruptcy Court for the
          Northern District of California. Ms. Coleman also structured,
          negotiated, and obtained court approval for an agreement that
          allowed Merrill Lynch to continue to trade in PG&E's securities
          during its service on the Committee.

     s    Diamond Brands, Inc. (Secured Bank Lenders): Following an
          extensive renegotiation of its obligations to its lenders,
          Diamond Brands, a manufacturer of toothpicks and plastic
          cutlery, filed a chapter 11 case in the United States District
          Court for the District of Delaware. Ms. Coleman represented
          the banks during both pre- and postpetition phases of this
          matter.

     s    Lyon's Restaurants: Lyon's, a chain of family restaurants,
          commenced a chapter 11 case in the U.S. Bankruptcy Court for
          the Northern District of California with the intention of quickly
          consummating a prenegotiated sale to its bank lender, which
          would have yielded no distribution to Lyon's' unsecured
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Partner
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          creditors. Ms. Coleman represented the official committee of
          unsecured creditors in litigation which ultimately resulted in the
          unsecured creditors receiving over twenty cents on the dollar.

     s    Insilco (Secured Bank Lenders): Insilco, a sixties-tyle
          conglomerate, filed a chapter 11 case in San Antonio Texas.
          Ms. Coleman represented the secured bank group which
          received payment in full.

     s    Marina International Properties, Ltd. (Bank of Montreal):
          Bank of Montreal proposed a creditors' plan of reorganization
          for this entity, which owned and operated several hotels in the
          Los Angeles area.

     s    Penrod/Placid (The Hunt Brothers): Ms. Coleman represented
          a secured creditor with claims against both Placid, an oil
          company, and Penrod, a drilling company both of which were
          owned by the then-influential Hunt brothers in Texas.

     s    Out-of-Court Workouts: In addition to the above publicly
          disclosable matters, Ms. Coleman led the legal team in
          negotiating and documenting numerous out-of-court workouts,
          representing both borrowers and lenders for borrowers in
          industries including real estate development, office products,
          retail, and agriculture. Ms Coleman structured and negotiated
          innovative intercreditor arrangements and U.K. ringfencing
          schemes in the context of some of these transactions.



 Acquirers

     s    Atrium Corporation: Represented existing equity holder in
          acquiring ownership of reorganized chapter 11 debtor via "new
          value" plan of reorganization. The debtor and its affiliates
          manufacture residential windows and patio doors.

     s    Nortel Networks Inc.: Ms. Coleman represented a bidder for
          Nortel's enterprise solutions business involving operations in
          the United States, Canada, Europe, the Middle East, and Africa.

     s    Kenetech (U.S. Windpower): Ms. Coleman represented ESI,
          an affiliate of Florida Power & Light, in its successful bid for the
          assets of Kenetech, a large windpower company.

     s    Windkraft: ESI also bought the assets of Windkraft, a provider
          of wind energy, and in that connection proposed a plan of
          reorganization for Windkraft.

     s    Barneys New York: Ms. Coleman represented Saks Fifth
          Avenue in connection with its efforts to purchase Barneys New
          York.



 Surety
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Partner
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     s    Ms. Coleman represented Industrial Indemnity, a suretyship
          company, in connection with its claims against numerous
          chapter 11 debtors, including Seattle-based Marine Power and
          San Francisco construction company Guy F. Atkinson.

 Highlighted Publications

 Recent Speaking Engagements

     s    American Bankruptcy Institute, Complex Financial
          Restructuring Program, Co-Chair and Speaker, Lake Tahoe,
          California, September 2009

     s    “The Basics of Bankruptcy Reorganization,” American
          Bankruptcy Institute, New York, New York, May 2009

     s    Operating and Financing the Chapter 11 Debtor,” Basics of
          Bankruptcy Reorganization, Practising Law Institute, San
          Francisco, December 2008.

     s    “Soliciting Votes and Obtaining Approval of Disclosure
          Statements,” Basics of Bankruptcy Reorganization Practising
          Law Institute, San Francisco, December 2008.

     s    “The Basics of Bankruptcy for Law Clerks,” American
          Bankruptcy Institute, New York, October 2008.

     s    Complex Financial Restructuring Program, American
          Bankruptcy Institute, Las Vegas, Nevada, September 2008.

     s    “Nuts and Bolts for Young Practitioners,” American Bankruptcy
          Institute, New York, May 2008.

     s    “Distressed Debt Investing,” Merrill Lynch Emerging Investment
          Strategies/Women's Leadership Council, Kiawah Island, SC,
          May 2008.

     s    “DIP Financing and Post-Filing Operations,” Understanding
          The Basics of Bankruptcy and Reorganization, Practising Law
          Institute, San Francisco, November 2007.

     s    “Plans of Reorganization and Disclosure Statements,”
          Understanding The Basics of Bankruptcy and Reorganization,
          Practising Law Institute, San Francisco, November 2007.



 Publications

     s    “Recent Developments in Business Bankruptcy 2005,” 28
          California Bankruptcy Journal 3 (2006).

     s    “Selling an Operating Business in Bankruptcy,” 33 UCC Law
          Journal 387 (2001).

     s    “Unexpected Allies: The Bankruptcy Judge and Debtor’s
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Partner
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          Counsel,” 112 The Banking Law Journal (1995).

				
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