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Qimonda Richmond

The firm was special counsel to Qimonda Richmond in its chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the District of Delaware. The firm represented Qimonda in connection with its objection to over $290 million of claims asserted by lenders arising out of a complex, multi-party leveraged lease transaction. The claims asserted by the lenders included a makewhole claim. Following a summary judgment ruling in favor of Qimonda on various related issues spearheaded by the firm, a mediation, and months of negotiations, the firm was instrumental in concluding a settlement of the litigation that resulted in a substantially reduced allowed claim.