Adam H. Friedman

Debtor Representations

• PLx Pharma Inc.
• Town Sports International, LLC (New York Sports Clubs)
• Leading Bitcoin mining operator in out-of-court restructuring with lenders and bondholders
• Largest franchisee of metro area national restaurant brand in successful out-of-court COVID restructuring with lenders, franchisors, multiple landlords, and bridge financing
• F&H Acquisition Corp and its affiliates, the owners of the Fox and Hound, Bailey’s Sports Grille, and Chammps restaurant chains
• Jennifer Convertibles, Inc.
• 56 Milbank LLC, owner/builder of luxury townhouses located in Greenwich, Connecticut, in Chapter 11 case.
• Represented public gaming company with negotiations and out-of-court restructuring of bond debt.

Distressed Investing/Distressed Real Estate

• Representing VS 125, LLC, in a multi-faceted commercial foreclosure dispute and restructuring involving senior and mezzanine loans in New York State Supreme Court concerning luxury residential real estate development located at 125 Greenwich Street in Manhattan.
• Acorn Street Capital in connection with the Chapter 11 exit financing of THG Hotel LLC.
• Surrey Realty Associates, LLC, the ground lessor, in the bankruptcy proceedings of The Surrey Hotel, a premier Upper East Side NYC hotel.
• Purchaser of 100-104 Fifth Avenue from the bankruptcy estate of Rock US Holdings Inc.
• Purchaser of Nashville, TN commercial building from the bankruptcy estate of Gibson Brands, Inc.
• Perry Ellis International, Inc. as purchaser of real estate assets in the Chapter 11 case of Fred’s Inc.
• Team Greene LLC, the senior secured lender by assignment of a senior mortgage loan, in connection with the acquisition out of bankruptcy of a 92,000 square foot mixed-use residential and commercial building in Brooklyn, New York. 
• Shopping center owner/borrower in connection with a large CMBS loan restructuring and A/B note restructuring transaction between client, rescue finance partner, and the special servicer.
• Hotel Owner in CMBS litigation against special servicer and ultimate restructuring transactions with rescue investor.  
• Purchaser of a $60 million real estate loan against Miami hotel debtor in bankruptcy and foreclosure proceedings.
• Investors in prepackaged Chapter 11 case of Isologen, Inc., which restructured approximately $90 million of debts and issued SEC registration-exempt “equity for debt” securities under the Plan.

Bondholder and Lender Representations

• Represent bondholders in Sears Holdings Corp., Toys R Us, J. Crew, Caesars Entertainment, Helios & Matheson, Gulfmark Offshore, Rand Logistics, Inc., SunEdison Inc; Endeavor Oil; Magnum Hunter Resources; Sabine Oil & Gas; MBIA; Tronox, Inc.; ESP Resources; Foamex Inc., University General Hospital Systems; UGHS Senior Living Inc.
• DIP Lender and purchaser of assets in Scoobeez Inc.
• DIP Lender and purchaser of assets in Delivery Agent, Inc. et al.
• DIP lender and purchaser of assets in Retail Pro, Inc.
• DIP lender and purchaser of assets in Badanco Enterprises, Inc.
• Tranche B DIP lenders in Global Capacity Group, Inc.
• Second lien lenders in Chapter 11 cases of Sportco Holdings, Inc., et al. in their  Chapter 11 cases
• Second lien lenders in New Century Transportation, Inc./Western Freightways, Inc.

Official Creditor’s Committee 

• Official committee of Musicland Holding Corp.
• Official committee of KB Toys Inc.
• Official committee of unsecured creditors of Vermillion, Inc.
• Official committee of unsecured creditors of Nova Biosource Fuels, Inc., et al.
• Official committee of unsecured creditors of Accentia Biopharmaceuticals, Inc., et al.