The faculty will be divided into the various constituencies necessary to achieve an out-of-court restructuring, such as:
- Watchoveya Capital representing secured lenders
- Ad Hoc committee representing the 2013 senior secured notes
- Scylla Capital representing 2014 sub. notes
- St. Louis landlord (if the plant will be closed)
- Bakers Union (if the St. Louis plant will be closed)
- Retail landlords (if retail locations will be closed).
This session, which includes lunch, will explore such issues as:
- How much advocacy should clients expect?
- How does one deal with a board member who insists on "no filing, no matter what"?
- Are the true costs of filing often exaggerated to discourage filing? Do professionals (who might benefit from a filing) minimize or conceal the costs?
- When professionals make “club” deals with other parties, do clients fail to get their money’s worth?