Sean Scott represents institutional lenders, bank groups, hedge funds and other creditors in out-of-court workouts and in-court bankruptcy proceedings. In the course of his practice, Sean also advises corporate clients on distressed asset sales and acquisitions and on structuring considerations in complex debt transactions.
In peer ranking publications and other industry sources, Sean is frequently recognized as a standout in the restructuring field. In 2008, Sean was named by Institutional Investor News as one of its ten Rising Stars of Bankruptcy/Restructuring Law and Workouts. More recently, Sean was recognized by Law 360, a leading newswire for business lawyers, as one of its 10 bankruptcy lawyers under 40 to watch among all practitioners nationwide. According to Chambers USA 2012, clients say that Sean is very focused on what the best path is to get the best results for us and our interests. Chambers USA 2011 noted that sources consider him a future star of the sector.
Sean regularly represents individual institutional lenders and lender syndicates in all types of distressed situations. His recent or significant representations include The Bank of New York Mellon, as prepetition lender to Sentinel Management Group, Inc.; Bank of America, N.A., as prepetition lender to Levitt and Sons, LLC, in the homebuilder's Chapter 11 proceedings in the Southern District of Florida; Bank of Montreal, as administrative agent for the first lien lenders to CDX Gas, LLC, in the petrochemical company's Chapter 11 proceedings in the Southern District of Texas; and Bank of Montreal, as agent for synthetic lease participants in the Chapter 11 proceedings of AMERCO (parent company of U-Haul Inc.) and AMERCO Real Estate Company.
Sean also spearheads Mayer Brown's cross-disciplinary initiative on municipal insolvency issues. Along with other members of the firm's Restructuring, Bankruptcy & Insolvency and Government & Global Trade practices, Sean counsels financial institutions, institutional investors and other firm clients on the legal and financial implications of municipalities in distress. He is a frequent speaker on topics relating to Chapter 9 of the Bankruptcy Code.
Sean frequently counsels corporate clients seeking to acquire or sell assets as part of the bankruptcy process. His recent representations in this regard include Carrington Capital Management, LLC, and Carrington Mortgage Services, LLC, in their $180 million acquisition of the mortgage loan servicing business of New Century Mortgage Corporation; Tenneco Automotive Operating Company, in its multimillion-dollar acquisition from Delphi Automotive Systems LLC of the assets and inventory at Delphi's Kettering, Ohio, facility; and Cargill, Inc., in its acquisition of certain assets from the bankruptcy estate of Agway, Inc.
In the course of his representations, Sean also regularly litigates matters in federal bankruptcy, district and appellate courts. His significant litigation matters include representing The Bank of New York Mellon in connection with ongoing litigation arising from the Sentinel Management Group bankruptcy case; Accenture LLP, in preference litigation commenced by Enron Corporation and certain of its affiliates; Illinois Tool Works Inc., in a declaratory judgment action relating to assets acquired from Sames Corporation, a bankrupt debtor; and Solo Cup Operating Corporation, in preference litigation commenced by the trustees for Ames Merchandising Corporation and Valley Food Services, Inc.
Sean joined Mayer Brown in 2000.