Zachary I. Shapiro

Director

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Overview

“Zach is very smart and deal-oriented. He is an effective problem solver who comes up with creative solutions.” (Chambers USA)

Zach represents the full range of parties in all types of bankruptcy proceedings, including debtors, secured and unsecured creditors, lenders, landlords, official committees, independent directors, purchasers, governmental units, and other parties in interest in chapter 7, chapter 11, and chapter 15 bankruptcy cases and out-of-court restructurings. Zach also provides advice and legal opinions in connection with a wide variety of transactions, including “true lease” and “true sale” opinions.

PRACTICES

Bankruptcy & Corporate Restructuring

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Advanta Corp.: Counsel to debtors
AWI Delaware, Inc.: Counsel to secured lender
Avadim Health, Inc.: Counsel to prepetition and postpetition lender and purchaser
Basic Energy Services, Inc.: Counsel to debtors
Bicent Holdings LLC: Counsel to independent directors
Brooks Brothers Group, Inc.: Counsel to debtors
Bumble Bee Holdings, Inc.: Counsel to prepetition and post-petition lender
CCC Atlantic LLC: Counsel to secured lender
Chef Solutions Holdings, LLC: Counsel to debtors
Claim Jumper Restaurants, LLC: Counsel to stalking horse purchaser
Claire’s Stores, Inc.: Counsel to debtors
Consolidated Infrastructure Group, Inc.: Counsel to debtor
Cordillera Golf Club, LLC: Counsel to class action plaintiffs
Cosi, Inc.: Counsel to postpetition lender
Dallas Stars, L.P.: Counsel to debtors
Edgenet, Inc.: Counsel to purchaser
Emerge Energy Services LP: Counsel to debtors
Endeavour Operating Corporation: Counsel to debtors
Energy Alloys, Inc.: Counsel to debtors
Entertainment Publications, LLC: Counsel to purchaser
ExGen Texas Power, LLC: Counsel to debtors
Exide Holdings, Inc.: Counsel to debtors
FKF Madison Group Owner, LLC: Counsel to secured lender and reorganized debtors
Frederick’s of Hollywood, Inc.: Counsel to debtors
Friendly Ice Cream Corporation: Counsel to landlord
F-Squared Investment Management, LLC: Counsel to debtors
Golfsmith International Holdings, Inc.: Counsel to debtors
GNC Holdings, Inc.: Counsel to franchisee
Gulfmark Offshore, Inc.: Counsel to debtors
GSE Environmental, Inc.: Counsel to secured lenders
Harry & David Holdings, Inc.: Counsel to debtors
Homer City Funding, LLC.: Counsel to debtor
HSH Delaware GP LLC: Counsel to debtors
Insys Therapeutics, Inc.: Counsel to debtors
Javo Beverage Company, Inc.: Counsel to Official Committee of Unsecured Creditors
LBI Media, Inc.: Counsel to debtors
Libbey Glass Inc.: Counsel to debtors
Life Settlements Absolute Return I, LLC: Counsel to secured lender and purchaser
Lighthouse Resources Inc.: Counsel to various state agencies in Montana
Longview Power, LLC: Counsel to debtors
Lucky’s Market Parent Company, LLC: Counsel to secured lender and sponsor
MACH Gen LLC: Counsel to debtors
MSD Performance, Inc.: Counsel to debtors
NE Opco, Inc.: Counsel to debtors
Oncure Holdings, Inc.: Counsel to debtors
PCAA Parent, LLC: Counsel to debtors
Perkins & Marie Callendar’s, LLC: Counsel to debtors
Phoenix Payment Systems, Inc.: Counsel to debtor
PES Holdings, LLC: Counsel to secured lender
Premier International Holdings Inc. (d/b/a Six Flags): Counsel to debtors
Proliance International, Inc.: Counsel to debtors
Pronerve Holdings, LLC: Counsel to purchaser
RentPath Holdings, Inc.: Counsel to debtors
Residential Capital, LLC: Counsel to independent directors
REVA Medical, Inc.: Counsel to secured lender
Rock US Holdings Inc.: Counsel to purchaser
Samuels Jewelers, Inc.: Counsel to debtors
School Specialty, Inc.: Counsel to secured lender
Secure Home Holdings LLC: Counsel to secured lender
Shiloh Industries, Inc.: Counsel to debtors
Signature Styles, LLC: Counsel to purchaser
Simplexity, LLC: Counsel to secured lender
Specialty Products Holding Corp.: Counsel to debtors
Swift Energy Company: Counsel to debtors
Suntech America, Inc.: Counsel to debtors
The Great Atlantic & Pacific Tea Company, Inc.: Counsel to landlord
The Weinstein Company: Counsel to debtors
TECT Aerospace Group Holdings, Inc.: Counsel to debtors
Things Remembered, Inc.: Counsel to secured lender
Tidewater Inc.: Counsel to debtors
Vantage Drilling International: Counsel to debtors
VIVUS, Inc.: Counsel to debtors
WMC Mortgage, LLC: Counsel to debtor
Zohar III, Corp: Counsel to purchaser

Education

Temple University School of Law, J.D., cum laude, 2007
Temple Law Review
Colorado College, B.A., Economics and Mathematics, 2003

Publications

The Southern District of New York Authorizes the Rejection of Gas Gathering Agreements

ABA | June 1, 2016

In In re Sabine Oil & Gas Corporation, No. 15-11835 (SCC) (Bankr. S.D.N.Y. Mar. 8, 2016), the U.S. Bankruptcy Court for the Southern District of New York issued a bench decision granting Sabine Oil & Gas Corporation’s motion to reject three gas gathering agreements and a handling agreement that were governed by Texas law. In doing…

The Third Circuit Affirms a Debtor’s Ability to Reject an Expired CBA

ABA | June 1, 2016

Trump Taj Mahal Associates, LLC, and certain affiliated entities (collectively, the debtors) owned and operated the Trump Taj Mahal Casino in Atlantic City, New Jersey. Taj Mahal and UNITE HERE Local 54, the largest of the debtors’ employee unions, were party to a CBA that was negotiated in 2011 and had a three-year term. On September…

When Does a Chapter 11 Plan Extinguish a Secured Creditor’s Lien?

ABA | October 6, 2015

On October 26, 2009, Northern New England Telephone Operations LLC (NNETO) filed a voluntary Chapter 11 petition in the United States Bankruptcy Court for the Southern District of New York. On January 13, 2011, the bankruptcy court confirmed NNETO’s Chapter 11 plan. As of the petition date, NNETO owned several parcels of real property in Concord,…

State Law Permitting, Classic Retainers Are Not Property of the Estate

ABA | June 10, 2015

A classic retainer becomes property of the law firm immediately upon payment to the extent permitted by state law. If, after that payment is made, the client commences a bankruptcy case, the payment, to the extent it is properly characterized as a classic retainer, remains property of the law firm and is not property of the…

Pro Bono Activities

Legal Counsel to 501(c)(3) organization

Recognition

Chambers USA, 2021
The Best Lawyers in America, 2021
Super Lawyers, 2021

Bar Admissions

Delaware, 2008
United States District Court, District of Delaware, 2009

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