Experience

• Trustee Representation in Foreclosure
  Schiff Hardin represented a bank in Illinois in its role as corporate trustee for three municipal bond financings in three states, involving loans by municipalities in those states to a single nursing home operator.
  


• Tax-Exempt Revenue Bond Financing
  Schiff Hardin represented a letter of credit bank in connection with restructuring tax exempt-revenue bond financing for an east coast hospital system.
  


• Restructuring Debt Obligations
  Schiff Hardin represented a lender in connection with the restructuring of all the debt obligations of various real estate companies of a prolific national real estate developer.
  


• Power Company Sale
  Schiff Hardin attorneys represented NiSource Inc. in the sale of Whiting Clean Energy, Inc. to BP Alternative Energy North America, Inc.
  


• Power Company Acquisition
  Schiff Hardin attorneys represented Northern Indiana Public Service Company in the purchase of Sugar Creek Power Company, LLC from a subsidiary of LS Power Fund.
  


• Lease on New Headquarters
  When Newell Rubbermaid Inc. needed to consolidate its corporate headquarters from three locations to one, it called on the real estate attorneys of Schiff Hardin LLP.
  


• Software and Technology Company Acquisition
  Schiff Hardin successfully closed the purchase of CardScan, Inc., a leading provider of solutions designed to accelerate the capture, access and accuracy of contact information, by Newell Rubbermaid, Inc.
  


• Multi-use Property Workout
  Schiff Hardin represented a lender in connection with the workout of a loan for a multi-use property.
  


• Multi-property Hotel and Condo Workout
  Schiff Hardin represented a sponsor in connection with a multi-property workout involving a deed in lieu of foreclosure to the lender of a large mixed-use project.
  


• Mortgage Warehouse Line of Credit Workout
  Schiff Hardin represented an insurance company in connection with a workout of a mortgage warehouse line of credit in which the underlying loans pledged by the borrower were determined to be virtually worthless.
  


• Mortgage Lender Restructuring
  Schiff Hardin represented a national mortgage lender and its affiliates in the restructuring more than $1 billion of repurchase obligations, secured indebtedness and the underlying business.
  


• Real Estate Fund Formation
  A team of attorneys from several Schiff Hardin offices completed the formation of a $350 million discretionary real estate investment fund comprised of large institutional investors, private trusts and individuals.
  


• Mechanics' Liens in Contractor Bankruptcy
  Schiff Hardin represented a ground lessor in obtaining indemnification by way of title insurance endorsements over mechanics' lien claims in the bankruptcy of a contractor engaged by a ground lessee.
  


• Manhattan Office Foreclosure
  Schiff Hardin represented the mortgage lender in connection with foreclosure of a multi-tenant Class 'B' office building in Midtown Manhattan.
  


• Letter of Credit Redocumentation
  Schiff Hardin represented a commercial bank in connection with the re-documentation of two letters of credit aggregating $8 million.
  


• Lender Liability Claims Successfully Defended
  Schiff Hardin represented a private bridge lender in connection with the foreclosure of a mortgage on Chicago real estate.
  


• Kraft Foods Acquisition
  Schiff Hardin represented Kraft Foods in its acquisition of General Mills' breadcrumb manufacturing facility and business located in Federalsburg, Maryland.
  


• Schiff Hardin Assists Iron Data with Merger
  Schiff Hardin represented Iron Data, a developer and manager of proprietary data processing systems, in its acquisition of Versa Systems of Toronto, Canada.
  


• Homebuilder Bankruptcy
  Schiff Hardin represented the Dubai owner of one of the largest private homebuilders in the western United States in connection with its $404 million unsecured and $8 million secured claims.
  


• Workout of Guarantor Defaults
  Schiff Hardin represented an agent bank in connection with the workout of guarantor defaults under a master construction loan facility providing four loans to four related borrowers in four states.
  


• Indemnification for Ground Lessee
  Schiff Hardin represented a ground lessee in connection with obtaining indemnification for the ground lessee and its leasehold mortgagee.
  


• Aiding Development with a New Ground Lease
  Schiff Hardin represented the ground lessor of a large tract of land in terminating an unsubordinated ground lease and then negotiating with the leasehold mortgagee.
  


• Gilbert Robinson, Inc., G/R Holding Corp., Inc. Bankruptcy
  Attorneys now at Schiff Hardin represented the Official Committee of Unsecured Creditors in a $200 million Chapter 11 proceeding.
  


• Acquisition of Pumping Equipment Company
  Schiff Hardin successfully represented a global water and fuel pumping equipment manufacturer, in its $121 million acquisition of Little Giant Pump Company, a manufacturer of submersible and above-ground water pumps and products.
  


• Hospital Bankruptcy Proceedings
  Schiff Hardin represented a leading international financial institution in a highly contested bankruptcy proceeding in Florida involving a hospital and two related extended care facilities.
  


• Environmental Regulation of Housing Development
  Schiff Hardin represented a senior housing developer regarding a project that had stalled because of environmental conditions, threatening the economic success of the project.
  


• Energy Services Agreements
  Schiff Hardin represented the developer and owner of a $4 billion dollar mixed use development in connection with the litigation or settlement of its energy services agreement and related financing agreements.
  


• EnCap Golf Holdings Bankruptcy
  Attorneys now at Schiff Hardin represented the Official Committee of Unsecured Creditors in the Chapter 11 case of EnCap Golf Holdings LLC.
  


• Emaar Properties
  Schiff Hardin successfully represented Emaar Properties, a Dubai-based developer, in closing its first U.S. acquisition — WL Homes LLC, one of America's largest privately-held house builders — for $1.05 billion.
  


• ECI Bankruptcy
  Schiff Hardin represented the senior mortgage lender and largest unsecured creditor in the ECI bankruptcy in Chicago, Illinois.
  


• Dorel Industries Inc. and Cannondale Bicycle Corporation
  Schiff Hardin acted as lead counsel in a major transaction for a public company that made business news headlines all over North America.
  


• CenterPoint Properties Trust
  Schiff Hardin represented CenterPoint Properties Trust in two cases that not only recovered millions of dollars of rent, but yielded recoveries in excess of that paid to other unsecured creditors and made new law favorable to commercial landlords.
  


• Brownfields Redevelopment Property Sale
  Schiff Hardin assisted a client, an energy distributor, with the sale of a contaminated property to a redevelopment company. The complex transaction culminated with the developer's successful application and award of public redevelopment funds.
  


• Brownfields Redevelopment
  Schiff Hardin was hired by a real estate developer as special environmental counsel for a Brownfields redevelopment project that transformed an illegal dump on the southwest side of Chicago into an industrial park.
  


• Sale/Leaseback Transaction in Bankruptcy
  Schiff Hardin represented the owner participant in the sale-leaseback of retail stores located in 15 states when the tenant's bankruptcy filing resulted in the rejection of 10 of the leases.
  


• Reorganization of Athletic Club
  Schiff Hardin represented a real estate investment fund in the purchase of the upper floors of a private athletic club building as part of the bankruptcy reorganization of the club.
  


• Assisted Living Facility Loans
  Schiff Hardin represented a bank in connection with renegotiating four separate term and construction loans for assisted living facilities owned by affiliated borrowers.
  


• 400-Unit New York City Condominium
  Schiff Hardin attorneys represented a lender and its participants in connection with a 400-unit condominium project in New York City with a borrower holding approximately 100 unsold units at maturity.