For years, ST&G has successfully represented trustees in large and complex bankruptcy cases, working diligently and expertly to help marshal assets, pursue avoiding powers and other litigation, liquidate assets, and thus maximize recoveries for creditors. We've applied that same level expertise to help trustees with smaller, closely held businesses, which present their own unique challenges. Members of ST&G also have acted as trustees, and served as trustee counsel, in securities broker/dealer liquidation cases under the Security Investors Protection Act.
ST&G also has experience representing court-appointed examiners. ST&G's innovative methods and use of the cooperation of parties have redefined the role of the examiner to minimize the burdens of the investigation on parties and the estate.
Whatever the nature of the representation, ST&G's reputation in high-profile cases across the country attests to our high ethical standards and unequaled performance.
ST&G's Recent Record of Success:
Extended Stay, Inc., et al. (New York, NY) -- Ralph Mabey, Senior Of Counsel to ST&G, was appointed as the Examiner in the Extended Stay Hotel bankruptcy cases. ST&G assisted the Examiner in his investigation of the $8 billion LBO by which Extended Stay was acquired in 2007, and the financial circumstances that preceded its bankruptcy filing, including the propriety of negotiations between Extended Stay and certain of its creditors. The Examiner's investigation tackled several novel questions presented by the LBO, and unearthed the facts regarding the acquisition and the filings. Mr. Mabey publicly filed his 435-page final report less than seven months after his appointment, notwithstanding the significant complexity encountered in the investigation.
Fontainebleau Las Vegas, LLC, et al. (Miami, FL) – ST&G, as counsel to the Court-appointed Examiner, played a critical role in the sale of the Debtors' assets. Leading the negotiations in the sale of the Debtors' assets, the Examiner, with the assistance of ST&G, successfully negotiated a higher stalking horse bid with a competing bidder. This ultimately resulted in the purchase of the Debtors' assets for approximately $52.5 million more than the original stalking horse bid.
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