experience

Zohar Funds the largest secured creditor in automotive company bankruptcy

Waller represented the Zohar Funds, as the largest secured creditor, in the Dura Automotive Systems LLC bankruptcy case filed in the United States Bankruptcy Court for the Middle District of Tennessee on October 17, 2019. On the petition date, the Dura debtors owed over $104 million USD to the Zohar Funds. Dura proposed using another party as Debtor-in-Possession lender which would have made it very difficult for Zohar to recover anything in the case.

Waller successfully contested Dura's originally proposed DIP loan and had the Dura case transferred from the Middle District of Tennessee to the United States Bankruptcy Court for the District of Delaware.

To learn more, see media coverage here and here.