First Capital Holdings Corporation

Representation of the creditors’ committee in the chapter 11 case of First Capital Holdings Corporation in the Central District of California. A holding company whose insurance subsidiaries were seized by state insurance regulators, the bankruptcy of this multi-billion dollar concern was one of the nation’s largest and most complex insurance-related insolvencies. In addition to billions of dollars of contingent and disputed claims, the company had bank and public debt in excess of $400 million. The firm played the lead role in confirming a committee-generated plan of reorganization.