Rita Restaurant

The firm was creditors’ committee counsel in the chapter 11 case of Rita Restaurant Corporation, which operates 16 Don Pablo’s and one Hops Grill and Brewery in 10 states. The company filed for chapter 11 protection in the United States Bankruptcy Court in San Antonio in October 2016. After an investigation into an insider secured claim, the firm negotiated a consensual plan of reorganization that provided for an approximately 11% distribution to general unsecured creditors even though general unsecured creditors were out of the money.