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Stephen B. Selbst: profile
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Stephen Selbst is the chair of Herrick's Bankruptcy & Restructuring Group. He has more than 30 years of experience representing debtors, creditors, official committees, distressed investors and asset purchasers in bankruptcies and out-of-court restructurings. He is a frequent lecturer on bankruptcy and restructuring topics and has published articles and book chapters on bankruptcy-related topics.  He has been frequently quoted in newspaper articles on insolvency related topics and has appeared on CNBC.
 
Bankruptcy and Restructuring Engagements

  • General Growth Properties, Inc. - Citicorp et al.: Represented Oakwood lender group in chapter 11 proceedings of diversified mall operator (S.D.N.Y.)
     
  • Chrysler LLC - Bridgestone Tire: Represented Bridgestone Tire and Colorado dealers in the chapter 11 proceedings of Chrysler LLC. (S.D.N.Y.)
     
  • General Motors Corporation - Bridgestone Tire: Represented Bridgestone Tire in the chapter 11 proceedings of General Motors Corporation. (S.D.N.Y.)
     
  • Lehman Brothers Holding, Inc.: Represented various creditors in Lehman Brothers chapter 11 proceedings, including an investment bank, a re-insurance firm, a Japanese investor, a hedge fund and real estate developers (S.D.N.Y.)
     
  • Protostar - Intelsat: Represented Intelsat Corporation as successful purchaser of Protostar I satellite for $210 million in bankruptcy auction (D.Del.)
     
  • Sea Launch - Intelsat: Represented Intelsat Corporation in chapter 11 proceedings of a satellite launch service provider (D.Del.)
     
  • ALC Holdings, LLC:  Represented creditors committee in chapter 11 proceedings of laser skincare clinic (D.Del.)
     
  • PSN, USA, Inc. - Won defense summary judgment for Intelsat on fraudulent conveyance claim bought by cable television network (S.D.Fla.)
     
  • Honeywell - North American Refractories Chapter 11: Represented Honeywell International Inc. in asbestos chapter 11 case of North American Refractories Company (W.D.Pa.)
     
  • Parmalat USA: Represented U.S. affiliates of the international Parmalat group in chapter 11 proceedings. The successful plan of reorganization was confirmed in 15 months with over $1 billion in claims resolved (S.D.N.Y.)
     
  • Motels of America:  Represented operator of 100 motel properties in chapter 11 proceedings. Successfully stabilized operations in chapter 11, commenced litigation against the lender in bankruptcy court, which led to the consensual refinancing of the debtor's operations with a new lender and payment in full to all creditors (N.D.Ill.)
     
  • AB Dick: Represented Presstek Inc. as the successful bidder for printer manufacturer AB Dick (D.Del.)
     
  • Kimble Glass: Represented Gerresheimer AG as successful bidder for New Jersey glass manufacturer (D.Del.)
     
  • Golden Books: Represented Classic Media as winning bidder for Golden Books (D.Del.)
     
  • We Recycle, LLC: Represented winning bidder for environmental recycling business pursuant to plan of reorganization (S.D.N.Y.)
     
  • Solar Communications, LLC: Represented private equity firm in acquiring telecommunications provider pursuant to plan of reorganization (W.D.La.)
     
  • 10-16 Manhattan Valley: Represented buyer of mortgage debt in 34-property plan of reorganization where mortgagee acquired the properties
Recent Matters of Note:
2009
Intelsat - Sea Launch
Representation of Intelsat Corporation in chapter 11 proceedings of satellite launch service provider (D.Del.)
2009
Intelsat - Protostar
Representation of Intelsat Corporation as successful purchaser of Protostar I satellite for $210 million in bankruptcy auction (D.Del.)
2009
Intelsat - Bantel, LLC
Representation of Intelsat Corporation in chapter 11 proceedings of a satellite telecommunications company (S.D. Fla.)
2012
ALC Holdings LLC
Representation of official unsecured creditors committee of laser skin care provider. (D.Del.)
2011
Great Atlantic & Pacific Tea Company - Grocery Haulers Inc.
Representing major trade creditor in large supermarket reorganization. (S.D.N.Y.)
2010
Terse Star Corp.
Representation of Hughes Network Systems LLC in telecommunications reorganization. (S.D.N.Y.)
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