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Waterlink

The firm represented the creditors’ committee of this company that developed and produced water, air, and gas purification systems. The firm negotiated a settlement with Waterlink’s secured lenders that included a waiver of the lenders’ undersecured deficiency claim, and negotiated and was co-proponent of a plan incorporating that settlement. The plan was confirmed a year after the case began, and will result in a significant distribution to unsecured creditors.

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