Haggen Holdings

Representation of the creditors’ committee in the chapter 11 case of Haggen Holdings and its affiliates in the District of Delaware. Haggen is a Seattle-based company that, at the time of the bankruptcy filing, owned and operated 164 Haggen grocery stores across 5 states primarily on the West Coast. At the time of filing, Haggen had in excess of over $154 million of secured liabilities. The firm prosecuted a multi-day trial against the debtors’ private equity owners and insider affiliates to unwind alleged fraudulent transfers that moved valuable real estate assets away from the debtors into nondebtor real estate holding companies. The trial paved the way for a consensual global case settlement.