Lenard M. Parkins

Weathering the Storm: Savings Clauses: Fraudulent Transfer Issues in the TOUSA Bankruptcy Case
Lenard M. Parkins, Mark J. Elmore, Trevor Hoffmann, Sue P. Murphy, Robin E. Phelan, Kenric Kattner, Stephen M. Pezanosky, Eric Terry, Sarah B. Foster, October 26, 2009
On October 13, 2009, a Florida bankruptcy judge in the TOUSA, Inc. bankruptcy cases ordered, among other things, (i) the avoidance of obligations, including liens, incurred by certain of the TOUSA subsidiaries (the "Conveying Subsidiaries") under a $200 million first lien facility (the...

Weathering the Storm: Guidelines Issued for Private Equity Investors Acquiring Failed Banks or Thrifts
Erin Burrows, Taylor H. Wilson, Jason T. Barnes, Tom D. Harris, Lenard M. Parkins, Sue P. Murphy, Kenric Kattner, Eric Terry, John Podvin, September 16, 2009
The interest from the private equity community in filling the growing capital gaps that exist in the balance sheets of U.S. banks has spurred the FDIC Board to adopt a Final Statement of Policy on Qualifications for Failed Bank Acquisitions (the "Policy Statement"). The Policy Statement,...

Weathering the Storm: Retiree Benefits and Section 1114
Arthur T. Carter, Samuel Brett Glass, Scott G. Night, Kenric Kattner, Lenard M. Parkins, Stephen M. Pezanosky, Sarah B. Foster, Eric Terry, June 19, 2009
Retiree benefits are often a central issue in bankruptcy cases. For many employers the high cost of retiree medical benefits has been a significant contributing factor to the Chapter 11 filing and a matter of ongoing concern if the debtor is to be able to successfully reorganize.