Jim Johnston represents debtors, creditors, creditor groups, indenture trustees, and other parties in interest in chapter 11 cases and out-of-court workouts across the United States.
Since joining Jones Day in May 2012, Jim has been engaged in a number of high-profile reorganization matters, leading engagements on behalf of the reorganized Tribune Company; an indenture trustee for a $1 billion bond issue of American Airlines; and a major creditor of the City of Stockton, the largest California city to seek protection under chapter 9 of the Bankruptcy Code. He also has worked on restructuring engagements involving the Affinion Group, the City of Detroit (Michigan), Delphi Corporation, Fontainebleau Las Vegas, the Republic of Argentina, and the reorganized Tropicana Las Vegas Resort and Casino.
Prior to joining Jones Day, Jim was a lead attorney in the group that represented Orange County California in its landmark chapter 9 municipal bankruptcy case, and he represented the City of Desert Hot Springs, the first California city to reorganize under chapter 9 of the Bankruptcy Code. He also represented indenture trustees and creditors in the chapter 11 cases involving Delta, Northwest, and United Airlines. Other significant representations included matters relating to Adelphia Communications; Brobeck, Phleger & Harrison; Calpine Corporation; Hawaiian TelCom; Kenetech Windpower; the City of Klamath Falls (Oregon); Komag; RBX Corporation; SmarTalk TeleServices; Solidus Networks; SemGroup Energy Partners; SpectraSite Holdings; and Weststar Cinemas.
Jim has spoken and written on the many circumstances of bankruptcy, including bond issuer failures and intellectual property ramifications.
Fontainebleau Las Vegas term lenders receive substantial cash distribution under bankruptcy settlement
Senior lender group of Tribune Company achieves reorganization success
Franklin Advisers in unique position as City of Stockton bondholder
Honors & Distinctions
Southern California Super Lawyers (2009-2015)
Super Lawyers Rising Star (2004-2007)
Chambers USA (2008-2015)
The Best Lawyers in America
Legal 500 - leading lawyer: finance-municipal bankruptcy
Law Clerk to Circuit Judge Cynthia Holcomb Hall, U.S. Court of Appeals, Ninth Circuit (1993-1994)