Stuart J. Goldring

Experience

• 24 Hour Fitness Worldwide Inc. in its chapter 11 restructuring.
• Aéropostale, Inc. and its subsidiaries in connection with their chapter 11 cases culminating in their Section 363 sale to a consortium. 
• Air Methods Corporation (a portfolio company of American Securities) in a $155 million senior secured term loan facility to provide debtor-in-possession financing to fund operations during the company's Chapter 11 bankruptcy proceedings; a $250 million senior secured term loan facility; and, as issuer, in a $185 million rights offering to holders of certain of its secured lenders in connection with Air Methods' emergence from Chapter 11.
• American Airlines in its chapter 11 reorganization, including American's $18 billion merger with US Airways Group.
• American Gilsonite Company in its prepackaged chapter 11 restructuring.
• Armstrong World Industries in its asbestos-related chapter 11 reorganization.
• Ad hoc group of secured lenders in the chapter 11 restructuring of Aspect Software.
• Azure Midstream Partners, LP in the Section 363 sale of its midstream business, assets and operating subsidiaries to Enterprise Products Operating LLC.
• Basic Energy Services, Inc. in connection with its chapter 11 cases and sale of substantially all of its assets.
• Blockbuster in its chapter 11 case, including the Section 363 sale of substantially all its assets to Dish Network.
• Breitburn Energy Partners, L.P. in restructuring efforts related to more than $3 billion in funded debt obligations.
• Briggs & Stratton in its chapter 11 restructuring.
• Brookfield Asset Management Inc. in its approximately $855 million acquisition of GrafTech International Ltd.
• Brooks Brothers in its chapter 11 restructuring.
• Catalina Marketing Corporation in its chapter 11 cases with liabilities in excess of $1.8 billion.
• CEC Entertainment Inc., the parent company of Chuck E. Cheese and Peter Piper Pizza, in its chapter 11 restructuring.
• Chassix Holdings, Inc. and its domestic subsidiaries, in connection with their prearranged chapter 11 restructuring.
• CHC Group Ltd. and its subsidiaries in their chapter 11 cases.
• Claire’s Stores, Inc. in its prearranged restructuring efforts related to more than $2 billion in funded debt.
• Clayton Dubilier & Rice in the merger of its portfolio company Cynosure with Lutronic Corporation.
• Core Scientific, Inc. in its $80 million first lien senior secured term loan facility upon emerging from chapter 11 bankruptcy proceedings.
• Ad hoc group of prepetition secured lenders in the chapter 11 restructuring of Energy & Exploration Partners.
• Fairway Group Holdings and its subsidiaries in their prepackaged chapter 11 cases.
• Fieldwood Energy in connection with its chapter 11 cases and its related $1 billion sale of all deepwater assets and certain shallow water and other assets to QuarterNorth Energy Holding, Inc.
• FXCM Inc. in its $300 million senior secured loan from Leucadia National Corporation.
• General Motors Corporation in its chapter 11 liquidation, including the unprecedented Section 363 sale of the ongoing company to the government-sponsored “New GM” in a manner structured to qualify as a tax reorganization.
• Golfsmith International Holdings, Inc. in its chapter 11 case and Section 363 sale of substantially all of its assets to a consortium consisting of Dick’s Sporting Goods and Hilco.
• The Great Atlantic & Pacific Tea Company (A&P) and its direct and indirect subsidiaries in their chapter 11 cases commenced in 2015.
• GulfMark Offshore, Inc. and its subsidiaries in its chapter 11 case.
• Insys Therapeutics, Inc. in its asset sale transactions with each of Hikma Pharmaceuticals USA Inc., Benuvia Therapeutics Inc. (formerly known as Chilion Group Holdings US, Inc.), BTcP Pharma, LLC, Pharmbio Korea, Inc., Renaissance Lakewood, LLC and Senzer Limited, and in connection with other strategic matters.
• LBI Media (n/k/a Estrella Media, Inc.) and its subsidiaries in connection with their restructuring efforts.
  
• Lehman Brothers, the largest bankruptcy in history with $630 billion of assets on its balance sheet, in its chapter 11 case and on-going liquidation.
• Ad hoc group of secured lenders in the chapter 11 restructuring of Magnum Hunter Resources Corporation.
• Mashantucket Pequot Tribal Nation, the owner of Foxwoods Resort Casino, with respect to its restructuring of $2.3 billion of debt obligations.
• Mobileum (a portfolio company of H.I.G. Capital) in its $169 million senior secured debtor-in-possession term loan facility, including $50 million of new money and a partial roll-up of prepetition debt and its $160 million senior secured term loan facility.
• Memorial Production Partners LP (n/k/a Amplify Energy Corp.) in its chapter 11 case and its prepetition negotiations with major creditor constituencies.
• Mortgage Contracting Services LLC in its sale to an investor group led by Littlejohn & Co., LLC and Lynstone SSF Holdings Sàrl, funds advised by Neuberger Berman Alternatives Advisers and Crescent Capital Group, via an out-of-court restructuring and recapitalization.
• Office Properties Income Trust, a REIT, in its $300 million 144A/Reg S offering of 9.000% senior secured notes due 2029.
• Paragon Offshore PLC in its chapter 11 restructuring.
• PG&E Corporation and Pacific Gas and Electric Company in their chapter 11 cases. PG&E has approximately 16,000,000 customers, 24,000 employees and estimated liabilities (including contingent and disputed liabilities) in excess of $50 billion.
• Redbox Entertainment Inc. in its pending sale to Chicken Soup for the Soul Entertainment, Inc.
• Sears Holdings Corporation and its affiliated debtors in their chapter 11 cases. Sears is one of the largest retailers in the world and its chapter 11 cases represent one of the largest retail chapter 11 cases in history.
• SIGA Technologies, Inc. in its chapter 11 case.
• Softbank Vision Fund II-2 L.P., as Junior TLC, as administrative agent, in an approximately $442 million senior secured letter of credit facility for WeWork Companies LLC.
• Southeastern Grocers, LLC (Bi-Lo/Winn-Dixie/ Fresco y Más/Harveys Supermarkets) in connection with its chapter 11 cases.
• Southern Air Holdings in connection with its chapter 11 case.
• Steward Health Care System LLC in debtor-in-possession senior secured term loan facilities totaling $300 million to finance its chapter 11 cases.
• Subsidiaries of Steward Health Care System LLC, as borrowers, under a bridge loan facility.
• Official Committee of Unsecured Creditors in the chapter 11 restructuring of SunEdison, Inc.
• Tops Supermarkets, a regional supermarket chain with more than 15,000 employees and $1 billion in funded debt, in its restructuring efforts.
• Valeant Pharmaceuticals International, Inc. (n/k/a Bausch Health Companies) in its acquisition of the worldwide rights to the cancer vaccine Provenge and certain other assets from Dendreon Corporation in a Section 363 sale process.
• Vantage Drilling Company in their prepackaged chapter 11 cases to restructure more than $2.5 billion in senior secured debt.
• VIVUS Inc. in its chapter 11 restructuring.
• Walter Investment Management, Corp. (n/k/a Ditech Holding Corporation), the fifth-largest mortgage servicer in the United States, in its prepackaged restructuring efforts related to more than $2 billion in funded parent-level debt and more than $13 billion in other funded debt obligations.
• Washington Mutual in its chapter 11 reorganization, including the tri-party settlement with JPMorgan Chase Bank and FDIC resulting from the seizure and subsequent sale of Washington Mutual Bank.
• Washington Mutual Liquidating Trust, established pursuant to Washington Mutual’s chapter 11 plan, to liquidate and distribute a significant portion of the company’s assets, including up to $500 million of potential federal and state tax refunds.
• Waypoint Leasing Holdings Ltd. in its chapter 11 case. 
• Westinghouse Electric in its $9.8 billion chapter 11 case and in its related $4.6 billion sale of substantially all of its global business to Brookfield Business Partners L.P., together with other institutional partners.
• WorldCom (MCI) in its chapter 11 reorganization.

Stuart serves on the Executive Committee of the Tax Section of the New York State Bar Association and co-chairs the Committee on Bankruptcy and Losses. He was a member of the former Tax Council of the Association of the Bar of the City of New York and served as chair of a special subcommittee of the Tax Council and the Committee on Bankruptcy and Corporate Reorganization of the City Bar with respect to tax-related proposals of the National Bankruptcy Review Commission.

Stuart authors the treatise Tax Planning for Troubled Corporations (Wolters Kluwer, CCH). In addition, he has published numerous articles dealing with the tax issues relating to financially troubled companies and lectures widely on these topics. Stuart is an adjunct professor at New York University School of Law teaching a course on bankruptcy tax, and is a member of the BloombergBNA Corporate Tax Advisory Board. He is a frequent presenter on bankruptcy and restructuring tax issues including PLI’s highly regarded tax program, “Corporate Tax Strategies.”

Stuart is ranked Band 1 for Tax: Corporate in the U.S. by Chambers Global and Band 1 for Tax in New York by Chambers USA, where he has been described as “legendary in the bankruptcy space,” “a guru” and “a formidable tax lawyer,” who “has an excellent relationship with his clients and his colleagues.” Stuart is listed in the “Hall of Fame” for U.S. Taxes: Non-Contentious by Legal 500 US. He is recognized in Who’s Who Legal: The International Who’s Who of Corporate Tax, which has described him as “legendary,” as a “Bankruptcy Tax Specialist” by Turnarounds & Workouts magazine and as a “Tax Leading Advisor” in New York by International Tax Review’s World Tax. Stuart is also recognized by Best Lawyers in America and Super Lawyers and has been named among New York’s Top Rated Lawyers in Taxation Law.