Landis Rath & Cobb LLP is a premier boutique law firm concentrating on commercial bankruptcy, corporate restructuring and business litigation. We provide sophisticated legal advice and services to national, international and local clients in and out of federal and state courts. Our proven record of success is backed by a commitment to advocate for our clients' interests with personalized service and expert counsel.

Representative Matters

In re: Paragon Offshore PLC, et al., Case No. 16-10386 (CSS)

LRC was retained as co-counsel to JPMorgan in connection with the chapter 11 bankruptcy of Paragon Offshore PLC and its affiliates (“Paragon”). Paragon is a global provider of offshore drilling rigs, operating a fleet consisting of 34 jackup rigs, 4 drillships, and 2 semisubmersibles. As of the date of its bankruptcy filing, Paragon had over $1.4 billion in secured debt obligations and over $1 billion in unsecured financing obligations. JPMorgan was the prepetition agent for a secured revolving line of credit with an outstanding aggregate principal amount of over $708 million. LRC has advised JPMorgan in connection with (a) the negotiated plan support agreement; (b) Paragon’s use of JPMorgan’s cash collateral; and (c) litigation related to Paragon’s disclosure statement and plan of reorganization.

Attorneys
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Adam G. Landis Kerri K. Mumford Kimberly A. BrownTravis J. Ferguson