Practices

Investors in Distressed Debt

Coal companies

The firm has a hedge fund practice where we advise various hedge funds that have debt positions or are considering purchasing debt positions in distressed companies. The firm has represented some of these funds in a number of distressed coal company cases, but the firm did not make an appearance in the case. Thus the representations are confidential. We represent several public utilities with respect to their ownership of coal-fired power plants located in the western United States. Issues relate to the relationship with another owner and the operator of the plants. The power from the plants is used in the western United States.