Professional Experience
Jim Tancredi is chair of Day Pitney's Bankruptcy and Creditors' Rights practice group. He has extensive experience in distressed acquisitions, workouts, restructurings, bankruptcies, commercial disputes, real estate, probate and partnership litigation matters. Mr. Tancredi has represented financial institutions, creditors' committees, bondholders, investors, acquirers, trustees, receivers, and debtors in reorganization, bankruptcy and insolvency proceedings involving a broad spectrum of industries. He has extensive mediation and arbitration experience in all related practice areas.
Representative Matters
· Represents creditors and other claimants in Lehman and Madoff proceedings
· Represents creditor in the Wamu Chapter 11
· Represents institutional landlords in business restructurings of critical tenancies
· Represents major financial institutions in analysis and restructuring of bankruptcy remote entities and national real estate portfolios of office, hotel and resort properties
· Represents various lessors and vendors in health care receiverships and Chapter 11s
· Represents various creditors in gambling casino reorganizations
· Represents receiver in Delaware Chancery Court of complex IP company in implementing merger and acquisition strategies and financial stabilization
· Represents agencies of the State of Connecticut and Indenture Trustee as secured lender and issuer of bonds in workout and receivership of nursing home network, hospitals, and educational facilities
· Represents receiver in business failure of retail oil company roll-up
· Represents secured and unsecured creditors in health care bankruptcies, workouts and receiverships
· Represents strategic acquirers of distressed assets, securities and businesses
· Represents various creditors and trustees in commercial airline reorganizations
· Represents various constituents in retail insolvencies
· Represents major creditors in Chapter 11 of Enron Corporation and various power merchants
· Represents liquidating trustee in complex fraud litigation
· Represents Section 304 Foreign Trustee in worldwide asset investigations and fraud litigation
· Represents financial institutions in structuring and analysis of multi-property/multi-state financings
· Represents Creditors' Committee in plating company reorganization
· Represented plan proponent in manufacturing company reorganization
· Represented Fortune 500 companies in various class-action matters
· Represents major institutional lenders on defaulted wholesale automotive financings
· Represented Ad Hoc Securitization Holders Committee in Conseco Finance Chapter 11
· Represented Ad Hoc Securitization Holders Committee in DVI Chapter 11
· Represented acquirer of substantially all of the assets of Rea Construction Co.
· Represented creditors, energy-trading counterparties, and acquirers in various energy and energy-trading insolvencies
· Represents major creditor, plan proponent, and liquidating trustee on restructuring of $250 million structured settlement fund
· Represented acquirers of assets in the metals trading, manufacturing, and construction businesses
· Represented numerous lenders, unsecured creditors, real estate lessors, investors, personal property lessors, and other parties in business restructurings in venues including Connecticut, Massachusetts, New York, Delaware, Ohio, Texas, New Hampshire, Vermont, Maine, and Florida
· Represented various public utilities and telecommunications companies in Chapter 11 restructuring efforts, workouts, and insolvency preparations
· Served as chair of the Unsecured Creditors' Committee in the first LTV Chapter 11 and led litigation team of indenture trustee counsel on litigation of OID issue
· Represented various medical practices in workouts, restructurings, orderly liquidations, and Chapter 11 proceedings
· Represented various dotcom, emerging, midtech, and high-tech companies in financial restructurings and liquidations
· Represented CHFA in various workouts, contested foreclosures, and deed-in-lieu transactions of low- and moderate-income multifamily residential apartment complexes
· Represents major regional and national wholesale automotive finance and manufacturing companies in the orderly disposition of Chapter 11 of automobile dealerships
· Serves as "liquidating" director of $250,000,000 Chapter 11 plan of structured settlement fund
· Represented owners, investors, and lenders to hotel complexes and resorts in Chapter 11 and workouts
· Represented State of Connecticut pension funds in the consensual restructuring and preservation of tax attributes of real estate investments
· Investigated and prosecuted fiduciary duty, fraud liability, and accounting misfeasance in connection with failed business ventures
· Represented indenture trustees and investors on 11 U.S.C. §1110 issues in Chapter 11
· Represented leading aircraft manufacturer in efforts to establish validity of various airline artisan liens for aircraft and engine repairs
· Represented banks, leasing companies, and other financial institutions in a wide variety of commercial disputes, including lender liability, subordination and fraud actions
· Represented parties in complex financial litigation to foreclose on real estate developments, condominiums, and office and apartment complexes
· Represented various parties in various UCC, foreclosure and lien priority disputes
· Represented creditors' committees in pending Chapter 11s in Delaware, Connecticut, Chicago, and Massachusetts
· Represents public and private companies on governance fiduciary duties and alternatives to Chapter 11
News, Publications & Presentations
· Quoted, "US Trustee's New Ch. 11 Fee Rules Rankle Attys," Law360, January 24, 2012
· Featured, "Fifty Day Pitney Attorneys Recognized as Super Lawyers," Day Pitney Press Release, October 24, 2011
· Featured, "Seventy-two Day Pitney Lawyers Named to Best Lawyers List for 2012," Day Pitney Press Release, October 4, 2011
· Moderator, "D&O Coverage - Current Developments," ABI-NE Seminar, Summer 2011
· Featured, "James Tancredi Elected President of Hartford County Bar Association," Day Pitney Press Release, April 7, 2011
· Co-author, "Expiring Tax Provisions Dramatically Change Municipal Finance Landscape," Day Pitney Alert, January 6, 2011
· Co-author, Connecticut Chapter in Strategic Alternatives for Distressed Businesses, (West Publishing) 2009-2011
· Co-author, "Expiration of Certain Municipal Bond Tax Provisions," Day Pitney Alert, December 1, 2010
· Featured, "Fifty-seven Day Pitney Attorneys Recognized as Super Lawyers; Six Additional Lawyers Recognized as 'Rising Stars'," Day Pitney Press Release, November 12, 2010
· Co-author, "Municipal Advisors Must Register With The SEC By October 1," Day Pitney Alert, September 2, 2010
· Featured, "Seventy-six Day Pitney Lawyers Named to Best Lawyers for 2011," Day Pitney Press Release, August 9, 2010
· Visiting Lecturer on Bankruptcy and Commercial Litigation - China 2010
· Co-author, "Sweeping Environmental Liability Under the Bankruptcy Carpet: Fresh Start Is Not Guaranteed," Day Pitney Alert, January 5, 2010
· Quoted, "Developer, Homeowner Defaults Share Roots," Hartford Business Journal, December 21, 2009
· Quoted, "Northland's City Place II in Hartford is in Foreclosure," Hartford Courant, December 11, 2009
· Featured, "Fifty-six Day Pitney Partners Recognized as New England Super Lawyers," Day Pitney Press Release, October 30, 2009
· Featured, "Seventy-seven Day Pitney Partners Named to Best Lawyers 2010," Day Pitney Press Release, July 30, 2009
· Speaker, "Shandong Scholar's Program," Central Connecticut State University, June 23, 2009
· Featured, "Day Pitney Bankruptcy Practice Ranked Tier 1 in the US Legal 500," Day Pitney Press Release, June 4, 2009
· Moderator, "Family Law Issues in Bankruptcy," Hartford County Bar Association's Family Law Committee, May 27, 2009
· Speaker, "A Guide to Receiverships," Connecticut Bar Association, May 4, 2009
· Interviewed, "Deleveraging America's Real Estate," The Metropolitan Corporate Counsel, May 2009
· CBA Panelist, "Receivers - Advantages and Limitations," 2009
· Panelist, "Managing Real Estate Lease in the Current Markets," 2009
· Panelist, "Key Considerations in Deed in Lieu Transactions," MassMutual, 2009
· Panelist, "Restructuring Complex Real Estate Transactions," MassMutual, 2009
· Speaker, "Don't Let A Tenant Put Your Property At Risk," Day Pitney Seminar, March 26, 2009
· Editor and Contributing Author, CTTMA Newsletter, 2007-2009
· Featured, "75 Day Pitney Partners Named Among The Best Lawyers in America® 2009 Ranked #1 in New Jersey and #2 in Connecticut," Day Pitney Press Release, December 11, 2008
· Co-author, "Update: Emergency Economic Stabilization Act of 2008," Day Pitney Alert, October 3, 2008
· Interviewed, "An Integrated Team Approach to Distressed Company Issues: The Ideal Solution For Buyers And Sellers," The Metropolitan Corporate Counsel, October 2008
· Co-author, "Emergency Economic Stabilization Act of 2008," Day Pitney Alert, September 29, 2008
· Co-author, "Distressed Asset Acquisitions - A Roadmap To Strategic Advantage," The Metropolitan Corporate Counsel, September 2008
· Quoted in Corporate INT, "Day Pitney: Pioneering IP Solutions," July 2008
· Moderator, 2nd Annual Credit and Bankruptcy Symposium, May 1-2, 2008
· "Media Management in a Business Crisis," Turnaround Management Association, February 4, 2008
· Co-author, "Inside the Minds - Structuring a Business Reorganization Plan," Aspatore Books, 2007
· Speaker, "Is Chapter 11 Dead? The Revival of End Around Strategies Post-BAPCPA," Hartford, CT, October 16, 2006
· "Alternatives to Chapter 11," Conn. TMA, October 2006
· Panelist, "Subordination and Intercreditor Disputes," TMA Regional Event, Saratoga Springs, NY, September 7, 2006
· Co-author, "Effective Engagement Agreements Must Communicate Expectations," The Journal of Corporate Renewal, Vol. 19/No.7, July 2006
· "'Forward Thinking' on Forward Contracts," DBH Alert, June 15, 2006
· Co-author, "Tips for Buyers of Distressed Assets," Fairfield County Business Journal, April 17, 2006
· Speaker, "Insolvency Related Issues for Nonprofits," UConn Law School, West Hartford, CT, March 8, 2006, November 8, 2006, spring 2007 and 2008, winter 2009
· Presentation, "Executory Contracts," Hartford, CT, January 17, 2006
· "A Primer on the New Bankruptcy Law: Don't Get Left Behind," Stamford, CT, November 17, 2005
· Speaker, "Strategic Implications of the New Bankruptcy Legislation," New Haven, CT, November 15, 2005
· "Change Comes To Bankruptcy: New Federal Law To Take Effect October 17," Hartford Business Journal, October 3, 2005
· "Possible Recharacterization Of Lender Claims In Bankruptcy," DBH Alert, August 19, 2002
· "Securitized Transactions," The Connecticut Law Tribune, January 17, 2000
· "The Ingenuity Of Subordinated Debt," On the Edge-ABI Journal, October 1, 1999
· Frequent lecturer on various bankruptcy/creditors' rights issues at UConn School of Law, HCBA, CBA, ABI, TMA and ABA seminars
· Frequent lecturer on bankruptcy alternatives, receiverships, foreclosures and acquisition of distressed assets
· Editor, "Connecticut Bankruptcy Desk Book"
· Co-author, "Compilation on ADR in Connecticut Courts" (Bankruptcy ADR)
Professional Affiliations
· Hartford County Bar Association, Director since 2006, President 2011
· Connecticut Turnaround Management Association, President 2008, Chairman 2009
· American Bar Association, Business Law Section, Business Bankruptcy Committee
· Connecticut Bar Association, Bankruptcy Section, Executive Committee
· Hartford County Bar Association, Learning Corridor Committee and CLE, former co-chair
· Hartford County Bar Association, Commercial Law and Bankruptcy Section, former co-chair
· Connecticut Trial Lawyers Association
· American Trial Lawyers Association
· American Bankruptcy Institute
· James W. Cooper Fellow
· Inns of Court
· Farmington Valley Arts Center, Director since 2009
· Pro Bono Initiative, former Director
Awards and Achievements
· Mediator (U.S. Bankruptcy Court Connecticut)
· Parajudicial mediator (Superior Court)
· Post-confirmation Executive Committee for Stanwich Corp. Chapter 11 reorganization
· Certified as business bankruptcy specialist by American Board of Certification
· Recognized in Corporate Counsel as Top Lawyer, 2005-2010
· Chosen for inclusion in The Best Lawyers in America and New England, Bankruptcy and Creditor-Debtor Rights Law, 2006-2012
· Recognized as a Connecticut Super Lawyer, 2006-2011/2012
· Chosen for inclusion in The Best Lawyers in New York, 2007-2009, 2011
· Former director, Connecticut Mental Health Association (10 years)