We represent the former parent of a bankrupt, former subsidiary, in connection with disputes with the former subsidiary's general liability insurance carrier regarding whether or not our client must assume responsibility for paying the $5 million self-insured retention regarding civil liability claims against the former subsidiary that had been discharged by as a result the former subsidiary's Chapter XI bankruptcy. In accordance with a separate settlement between the carrier and the subsidiary, the carrier assumed the defense of the underlying claims, agreeing in effect with the claimants that the bankruptcy of the insured subsidiary had not discharged the carrier's obligation to pay insured claims, even though 100% of the first $5 million of very claim was self-insured by the bankrupt company. The carrier then took the position that our client, also a named insured under the policies insuring the former subsidiary, had agreed in a separate Payment Agreement effectively to guarantee the obligations of the subsidiary to pay the SIR. When our client refused to reimburse the costs incurred by the carrier in defending the pre-bankruptcy claims against the former subsidiary, the carrier drew down a letter of credit place by our client to obtain reimbursement of the carrier's costs and then successfully moved to compel arbitration of the Payment Agreement dispute. The arbitration is pending.

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Syndicated senior secured revolving and term loan credit facilities for food concession operator
Representation of lead agent and lender in connection with over $200 million syndicated senior secured revolving and term loan credit facilities more
Insurance contract litigation for major corporations in North Carolina
Successfully defended plan holders and fiduciaries of the largest private guaranteed investment contract in North Carolina against an association’s more
Sale of interest in a physician owned cath lab for Atlanta Cardiology Group P.C.
Represented Atlanta Cardiology Group P.C. in the sale of majority interest in a physician owned cath lab to more
Acquisition of grocery stores in 363 bankruptcy sale
Representation of Bi-Lo LLC and Southern Family Markets in acquiring grocery stores from Winn-Dixie in a 363 bankruptcy sale. Transaction valued in more