Mr. Adler's practice encompasses bankruptcy and other insolvency proceedings. He represents a broad range of clients, including debtors, equity and creditor's committees, trustees, secured creditors, indenture trustees, unsecured trade creditors, equipment lessors, landlords and purchasers of assets.
Mr. Adler currently represents Barnert Hospital which filed for chapter 11 in August of 2007. Barnert Hospital is, a 256 bed acute care hospital located in Paterson, New Jersey.
Mr. Adler has represented trustees appointed under SIPA of the Securities Investor Protection Act of 1970 in connection with the liquidation of BBS and First Interregional Equity Corp. Both of these cases involved multimillion dollar liquidations of major brokerage firms, and issues dealing with complex customer positions and the unraveling of major frauds.
Mr. Adler previously represented Colorado Prime Foods (a direct marketer of food, groceries and appliances with annual revenue of $100 million), in its successful out of court restructuring.
Mr. Adler represents the Official Committee of Unsecured Creditors in the liquidation of Coudert Brothers, LLP, a former major international law firm founded in the 1850s, in its pending chapter 11 case in the Southern District of New York.
Mr. Adler represented Wachovia Bank, N.A., in its capacity as Indenture Trustee for two indentures totaling in excess of $750 million in the Teligent bankruptcy proceeding in the Southern District of New York. In that case, Mr. Adler successfully defended Wachovia against subordination claims asserted by the estate representative.
Mr. Adler has frequently represented indenture trustees in separate litigations arising out of a bankruptcy. He has represented Wachovia Bank, N.A. in several such matters where the bank has been sued by certificate holders alleging, among other things, professional negligence, breach of contract, breach of fiduciary duty and violation of the federal Trust Indenture Act.
Mr. Adler has frequently represented purchasers of claims and assets in the bankruptcy process. Mr. Adler recently represented Port Imperial Ferry Corp. (New York Waterway) in its successful acquisition of two high-speed ferries from the estate of New York Fast Ferry Services, Inc.
Representative Cases: In re Teligent, Inc., 2005 WL 267956 (Bankr. S.D.N.Y. February 3, 2005), aff'd, 2005 WL 578919 (S.D.N.Y.); In re Duplan Corp., (2d Cir. 2000); In re Dow Corning, 113 F.3d 565 (6th Cir. 1997); In re Dow Corning Corp. 86 F.3d 482 (6th Cir. 1997), Midlantic National Bank v. Hansen, (3d Cir. 1995); LNC Investments v. First Fidelity Bank, N.A. 126 F. Supp.2d 778 (S.D.N.Y. 2001)
News
03/02/11, David Adler quoted in Am Law Daily article "Who Will Milk Fees from Howrey's Mammoth Antitrust Case?"
02/09/07, David Adler quoted in The New York Times article, "The Complicated End of an Ex-Law Firm."
Events
09/26/08, Are Your Funds Safe? What To Do In The Current Financial Crisis
10/30/07, The Credit Crunch Breakfast Seminar
Publications
05/25/10, Third Circuit Allows Debtor to Ban Credit Bidding at Plan Sale
M&E Bankruptcy & Restructuring Alert
01/01/10, Perricone v. Perricone: A Promise Is a Promise, Even When Keeping It Impinges on Free Speech Rights
David Adler
Connecticut Lawyer
12/20/07, Subprime Newsletter: McCarter & English Hosts Credit Crunch Breakfast Seminar
David Adler and Michael M. Horn
M&E Newsletter
10/25/07, The Credit Crunch; Subprime Mortgage Newsletter
Michael M. Horn and David Adler
M&E Newsletter