Biography
David was previously seconded to KKR Credit and embedded as a desk lawyer supporting the global Special Situations team, where he covered existing portfolio investments within the Special Situations Funds, and supported new investments focused primarily on capital structure or broader market dislocation, specifically rescue financing/recapitalizations, distressed for control trades, and secondary distressed and opportunistic investments.
David has significant multi-jurisdiction experience and was previously based in Weil’s London office. He provides commercial, legal, and strategic advice on cross-border issues to clients in stressed and special situations. David has been recognized across a number of top publications, including Legal 500, American Bankruptcy Institute, IFLR, The M&A Advisor, and Turnarounds & Workouts’, among others. Most recently, he was recognized as a “Notable Practitioner” for Restructuring and Insolvency in the U.S. by IFLR1000 (2023-2024) and “recommended” for Restructuring by Legal 500 (2023). David was named one of the American Bankruptcy Institute’s “40 Under 40” (2021) and named an “Emerging Leader” by The M&A Advisor (2020). In 2019, David was named among Turnarounds & Workouts’ Outstanding Young Restructuring Lawyers and named a Rising Star by Law360. David is fluent in French.
David also spends a significant amount of time on pro bono and charitable activities. He worked in Haiti under the auspices of the Organization of American States on a disability rights project financed by USAID, training Haitian government ministers, civil servants, and judges on the implementation of the UN Convention on the Rights of Persons with Disabilities. David is the founder and trustee of international adventure charity Go Help. He advised the UN World Food Programme on the world's first humanitarian weather derivative transaction, and previously worked for the United Nations International Criminal Tribunal for Rwanda in Arusha, Tanzania.
Representative Experience:
Company-side Experience:
- Scandinavian Airlines, a publicly traded airline based in Sweden in connection with its global restructuring and chapter 11 reorganization.
- Topgolf International, Inc. in connection with its out-of-court equity recapitalization and credit agreement amendment
- Speedcast International Limited, and its affiliates, a provider of remote communications and IT services, in their chapter 11 cases.
- RentPath Holdings, Inc. and its affiliates, one of the nation’s largest apartment rental and digital marketing solutions companies, in connection with their prearranged chapter 11 cases and sale to CoStar, Inc.
- Westinghouse Electric Company, and its affiliates, a globally recognized nuclear power company, in its unprecedented chapter 11 cases involving liabilities in excess of $9 billion.
- CHC Group Ltd., a global helicopter service provider to offshore oilfield producers, operating on six continents with more than 220 aircrafts, in their chapter 11 cases, involving liabilities in excess of 1.5 billion.
- Golfsmith International Holdings, Inc., an operator of 89 golf-focused retail stores, in connection with its chapter 11 case, including its $160 million global sale of its assets, which included a U.S. 363 bankruptcy sale, to Dick's Sporting Goods, Inc. and to several liquidators including Hilco.
- MF Global UK Limited, in connection with our representation as Special Administrators of the UK arm of MF Global, a global financial derivatives broker, through cross-continental coordination involving teams from the US and UK.
- General Motors/Motors Liquidation Company, in the unprecedented chapter 11 sale of the ongoing company, including all international operations.
- Uno Restaurants Holdings Corporation and its 152 affiliated debtors, in their pre-negotiated chapter 11 bankruptcy cases. The restructuring converted $142 million in senior secured notes into a controlling equity stake in reorganized UNO held by certain of its noteholders.
Creditor-side/Other Experience:
- 2U, a global leader in online education, in connection with its successful prepackaged chapter 11 cases, that emerged as a privately held entity, as counsel to an ad hoc group of noteholders.
- RTI Surgical, Inc. and Pioneer Surgical Technology, Inc., in connection with the chapter 11 cases of Surgalign Holdings, Inc. and its affiliated Debtors.
- Reverse Mortgage Investment Trust Inc., and its affiliated debtors, as counsel to Longbridge Financial, LLC, a potential replacement servicer, in connection with Reverse Mortgage Investment Trust Inc.’s chapter 11 cases.
- LATAM Airlines, Latin America’s leading airline group, as counsel to Apollo Global Management and affiliated funds, Tranche B DIP Lender in connection with LATAM’s multi-tranche DIP financing totaling more than $3.1 billion in the aggregate.
- Avadim Health, Inc., a healthcare and wellness company, which develops, manufactures, and markets topical products for institutional care and consumer markets, in connection with its chapter 11 cases, as counsel to Hayfin Services, LLP, as administrative agent, noteholder representative, collateral agent, and DIP agent, and Midava Holdings 3, Inc., as stalking horse purchaser.
- Global Eagle Entertainment Inc., a provider of media and satellite-based connectivity solutions worldwide, in connection with its chapter 11 cases, as counsel to Citibank as DIP Agent and Prepetition Revolver and Term Loan Agent.
- Bumble Bee Tuna, a major North American packaged foods company, in connection with its chapter 11 cases, as counsel to Brookfield as Term Loan Agent, DIP Term Loan Agent and Lenders, including the ~$1 billion sale of Bumble Bee Tuna to its largest supplier.
- Sable Permian Resources, LLC, an independent Permian-based oil and natural gas company, in connection with its chapter 11 cases, as counsel to an ad hoc group of secured noteholders.
- REVA Medical, Inc., a medical device company which focuses on the development and commercialization of polymer-based bioresorbable products for vascular applications, in connection with its chapter 11 case, as counsel to Goldman Sachs International, as Prepetition Secured Lender and Noteholder.
- Emerge Energy Services LP, a major energy service provider that engages in the mining, production, and distribution of silica sand proppant for the oil and gas fracturing industry, in connection with its chapter 11 cases, as counsel to HPS Investment Partners, LLC, acting as the DIP Agent, DIP Lender, and DIP Secured Party, and ultimate owner of the Emerge Energy business.
- MBIA Insurance Corporation, global insurance companies, in connection with the restructuring of The Renewable Power International Group, a Spanish renewable energy provider.
- Violin Memory, Inc., in connection with its strategic planning and subsequent chapter 11 proceedings, as counsel to the ad hoc group of noteholders, including Soros Fund Management, Jefferies, Phoenix Asset Management, Nokota Management and Silverback Asset Management.
- SandRidge Energy, Inc., in connection with the company’s strategic planning and subsequent chapter 11 proceedings, as counsel to the ad hoc group of unsecured noteholders, including Fir Tree Partners, Solus Alternative Asset Management, Paulson & Co., and Akanthos Capital Management.
- Seventy Seven Energy, Inc., in connection with its chapter 11 case, as counsel to the ad hoc group of opco noteholders, including BlueMountain Capital Management, Axar Capital and Mudrick Capital in their acquisition of the company through a plan of reorganization.
- Valeant Pharmaceuticals, as counsel to an ad hoc group of noteholders in connection with the company’s indenture defaults.
- Irish Bank Resolution Corporation, in connection with its chapter 15 proceedings, as counsel to large real estate funds.
Out-of-court restructuring/Buyer of Assets in chapter 11 proceedings/First Lien Lender Experience:
- Covis Pharma, a multinational specialty pharmaceutical company headquartered in Switzerland, as counsel to the ad hoc group of first lien lenders, in connection with Covis’ out-of-court cross-border restructuring.
- Things Remembered, Inc., as counsel to the steering committee of term loan lenders to Things Remembered in their acquisition of the company through an out-of-court debt-to-equity conversion.
- Berkshire Partners and portfolio company Engineering Solutions & Products, in the out-of-court restructuring of this defense company.
- Soros Fund Management, in the bankruptcy auction for and subsequent acquisition through a plan of reorganization of Violin Memory, Inc.
- Brookfield Asset Management, in its successful bid for Revel casino through the company’s chapter 11 auction.
- TerraMar Capital and Trive Capital, as senior lenders to Fansteel, Inc. in the company’s chapter 11 proceedings.
Corporate & Capital Markets Experience:
- General Electric Company, in its strategic plan to sell most of GE Capital’s assets.
- Synchrony Financial (GE Capital’s North American retail finance business), one of the premier consumer financial services companies in the United States and the largest provider of private label credit cards in the United States based on purchase volume and receivables, in its approximately $2.95 billion initial public offering, and related $3.6 billion debt offering.
Awards and Recognition, Firm News & Announcements, Latest Thinking, Speaking Engagements
Awards and Recognition
- David Griffiths Named a “Notable Practitioner” for Restructuring and Insolvency in the U.S. in 2024 Award Brief — IFLR1000
- David Griffiths Named a “Notable Practitioner” for Restructuring and Insolvency in the U.S. in 2023 Award Brief — IFLR1000
- David Griffiths Named a “Recommended” Lawyer for Restructuring (Including Bankruptcy): Corporate in the U.S. for 2023 Award Brief — Legal 500 US
- David Griffiths Named One of American Bankruptcy Institute’s “40 Under 40” Honorees in 2021 Award Brief — American Bankruptcy Institute
- David Griffiths Named Emerging Leader in 2020 Award Brief — The M&A Advisor
Firm News & Announcements
- Weil Guides Ad Hoc Group of Noteholders in 2U’s Successful $1 Billion Strategic Restructuring Deal Brief — October 11, 2024
- Weil Guides SAS Through a Successful Emergence from Chapter 11 Deal Brief — August 29, 2024
Latest Thinking
-
Pledged Equity Proxy Rights and the Rise of the Board Flip
Blog Post — Weil Restructuring
— By
David Griffiths
— May 15, 2024
Pledged Equity Proxy Rights and the Rise of the Board Flip. Borrower beware: in times of distress, your credit documents may give your secured lenders an opportunity to “flip” control of your board. ...
- Weil Private Equity Sponsor Sync - Spring Issue Publication — By Christopher R. Machera, Andrew J. Colao, Jacqueline Oveissi, Arnie Fridhandler, Brittany Butwin, David Griffiths, Alex Paul Cohen, David E. Wohl, Carson Parks, Trey Muldrow, Langdon Neal, Timothy F. Burns, David B. Gail, John P. Barry, Robert Rizzo, Larissa Lucas, Yehudah L. Buchweitz and Zoe Buzinkai — PDF — Spring 2024
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David Cohen Named 2023 Outstanding Young Restructuring Lawyer by Turnarounds & Workouts
Blog Post — Weil Restructuring
— By
Ronit J. Berkovich,
Jessica Liou and
David Griffiths
— May 01, 2023
Restructuring partner David J. Cohen has been named an “Outstanding Young Restructuring Lawyer” for 2023 by Turnarounds & Workouts. He is among just 12 attorneys under the age of 40 recognized for their work in the industry’s most prominent bankruptcies and restructurings. David was selected for his work representing creditor groups in two of the largest recent chapter ...
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Kelly DiBlasi Named Among 2022 Outstanding Restructuring Lawyers by Turnarounds & Workouts
Blog Post — Weil Restructuring
— By
Ronit J. Berkovich,
Jessica Liou and
David Griffiths
— January 05, 2023
Restructuring partner Kelly DiBlasi has been named one of the “Outstanding Restructuring Lawyers” of 2022 by Turnarounds & Workouts. The annual report features 15 lawyers throughout the United States who have worked on the year’s most significant and successful restructurings. Kelly was recognized for her achievements on the debtor and creditor side in an array of prominent restructurings. ...
Speaking Engagements
-
Restructuring Roundtable - Health Of The Industry
Speaker(s):
David Griffiths
December 4, 2024 — New York, NY — Distressed Investing Conference