Ditech Holding Corporation

Representation of the creditors’ committee in the chapter 11 case of Ditech Holding Corporation, which had in excess of $5 billion in debt, in the Southern District of New York. Based on creative and novel arguments, the firm negotiated a substantial recovery for out-of-the-money unsecured creditors and second-lien lenders. The firm was awarded the “Deal of the Year Award (Financials)” by M&A Advisor for the representation.