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Investment Company Bankruptcy

Major National Bank and Trust Company

Represented major national bank as trustee for in excess of $500,000,000 of outstanding Notes and Debentures, held in many instances individually by elderly and retiree investors, against national mortgage, investment and insurance services entity and its sister company in joint Chapter 11 bankruptcy proceedings in Spokane, Washington. Actively participated in negotiations and bankruptcy court proceedings on behalf of the bank and the noteholders for which the bank acts as fiduciary, to maximize assets and recovery to holders. Issues involved included resolution of inter-company issues, third party causes of action including allegations of fraud against top executives, interplay with district court class action proceeding and orderly sale of company assets.


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