Trustees, lenders, creditors' committees, and other clients requiring assistance with defaulted bonds or other financial instruments rely on David Lemke to provide sophisticated, practical advice and counsel. For over 25 years, David has designed creative solutions for clients both inside and outside of formal proceedings. Whether a workout is undertaken within the bankruptcy court setting, a receivership is necessary to enforce the remedies of a trustee or lender, or an out-of-court restructuring is needed, clients can be assured that David has the experience and judgment to craft a resolution.
David enjoys the competitive nature of his work and thrives on bringing a win to the client. He assertively and tenaciously finds leverage within a matter to achieve the client's goal.
In November 2011, Jefferson County, Alabama filed for Chapter 9 bankruptcy protection, making it the largest municipal bankruptcy ever filed at that time. Representing the trustee for certain sewer debt exceeding $3 billion, David and the Waller team were intimately involved in the historic proceedings. In July 2013, the City of Detroit filed its Chapter 9 bankruptcy petition, thereby eclipsing Jefferson County as the largest municipal bankruptcy ever filed. Drawing on the experience provided in Jefferson County, David and the Waller team were tapped again to represent the trustee for Detroit's water and sewer bonds—totaling almost $6 billion—in this historic case.
A former managing partner and member of Waller's Board of Directors, David provides sound leadership not only to clients, but also to his peers and colleagues. Best Lawyers recognizes David as a leader in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law.