LifeCare Holdings

Representation of the creditors’ committee in the chapter 11 case of LifeCare Holdings, and its wholly owned direct and indirect subsidiaries and certain affiliates, in the District of Delaware. Plano, Texas-based LifeCare operates twenty-seven long-term acute care hospitals in ten states. LCI Holdco LLC, parent company of LifeCare, was acquired by the debtors’ secured parties. The firm structured a creative settlement that avoided paying a $24 million administrative claim that was ultimately upheld by the Third Circuit and paved the way for a meaningful distribution to unsecured creditors.