Ben Logan
Partner
Ben Logan is a partner in O'Melveny's Los Angeles office and the senior member of our Restructuring Practice. The primary focus of his practice is chapter 11 reorganizations, representing major creditors and business debtors. Ben is also involved extensively in workouts, often in conjunction with members of our Transactions Department who practice corporate and real estate law.
Ben is recognized by
Chambers and Partners USA as one of the leading insolvency/corporate recovery lawyers in California, was selected by his peers for inclusion in
The Best Lawyers in America, is listed in the PLC “Which Lawyer Handbook” as a “Highly Recommended” insolvency and restructuring lawyer, and also is listed in the Legal Media Group’s
Expert Guides as a leading insolvency and restructuring lawyer.
Chambers reports that Ben “takes an extremely practical approach” and that he is “highly engaging and communicative, which makes him superb when it comes to highly fraught multiparty situations where building consensus is a must. He can also take on an army of attorneys alone and win.”
Illustrative Professional Experience
- Represents Lennar in the bankruptcy cases of Briarwood Capital, LLC and affiliates.
- Represented the Official Creditors' Committee in the chapter 11 of Philadelphia Newspapers; also represented the Prepetition Ad Hoc Committee of Noteholders.
- Represented Lennar as the largest unsecured creditor and 16% equity holder in the chapter 11 of LandSource (a national land developer, focused on horizontal development of master planned communities). This reorganization was selected as the winner of the 2010 Chapter 11 Reorganization of the Year in the $1 billion + category in the Global M&A Network's Turnaround Atlas Awards.
- Represented two substantial hedge funds as prepetition secured lenders and DIP lenders in the chapter 11 of Solidus Networks/Pay By Touch (a biometric company).
- Represented New Century Financial Corporation (a subprime mortgage lender and servicer) as debtor in possession in its chapter 11. This case was the largest chapter 11 filed in 2007 and was selected by the Turnaround Managers Association as one of the 10 most successful restructurings of 2008.
- Represented Canadian Imperial Bank of Commerce as the agent for the senior secured lenders to Protocol Communications (a call center and marketing company) in Protocol's Chapter 11 and prior out-of-court restructurings.
- Represented Tower Records (specialty music and video retailer) as debtor in possession in its second Chapter 11.
- Represented Cerberus California as the acquirer of substantially all the assets of the debtors in the Chapter 11 of Sydran Services (the largest group of Burger King franchises in the US).
- Represented the ad hoc Committee of Euro Note holders in the Chapter 11 of Solutia Inc (a diversified chemical manufacturer) and the Belgian Companies Code Article 568 restructuring of Solutia’s European operations.
- Represented Cerberus California in the Chapter 11 of Illuminations (a specialty retailer).
- Represented Wherehouse Entertainment (specialty music and video retailer) as debtor in possession in its second Chapter 11.
- Represented Tower Records (specialty music and video retailer) as debtor in possession in its 2004 prepackaged Chapter 11.
- Represented Sun Healthcare (operator of skilled nursing facilities) in its out-of-court restructuring.
- Represented Wachovia Bank as agent to senior bank group (US$700 million) in the out-of-court restructuring of KMC Telecommunications (a CLEC).
- Represented Bank of America as agent to senior bank group (US$900 million) in the Chapter 11 of Sun Healthcare (operator of skilled nursing facilities).
- Represented the bank group (US$100 million) in the out-of-court workout of InterDent and Gentle Dental (dental practice management group).
- Represented the debtors in possession in Delpit (real estate developer).
- Represented Fleet Capital Corporation as the agent for the senior secured bank group (US$111 million) lenders to Restoration Hardware (specialty retailer).
- Represented Bankers Trust as agent for the senior secured bank group (US$200 million) in the Chapter 11 of Goss Graphic Systems (printing press manufacturer).
- Represented Bankers Trust and Cerberus Partners as successive agents for bank group (US$95 million) in the Chapter 11 of Wherehouse Entertainment (specialty music and video retailer) and counsel to Reorganized Wherehouse.
- Represented the indenture trustee for Senior Notes in the Chapter 11 of Unison HealthCare (operator of skilled nursing facilities).
- Represented Canadian Imperial Bank of Commerce in Chapter 11 of Pegasus Gold (gold mining company).
- Represented the Unsecured Creditors' Committee in the Chapter 11 of Automotive Distributing for the Farwest (specialty retailer).
- Represented a group of major trade creditors in the Chapter 11 of Auto Parts Club (specialty retailer).
- Represtend the Irvine Company as largest unsecured creditor and Chair of the Creditors' Committee in the Chapter 11 of Sunworld (agricultural co-op).
- Represented Canadian Imperial Bank of Commerce in the workout and prepackaged bankruptcy of Morrison-Knudsen Corporation (heavy civil construction).
- Represented Wells Fargo Bank as senior creditor in the Chapter 11 of Cabrillo Crane & Rigging Corp (construction contractor).
- Represented Bankers Trust as agent for senior secured bank group (US$690 million) in the Chapter 11 of SCI TV (owner of 6 major market TV stations).
- Represented Bank of America as agent for the senior secured bank group in Chapter 11 of Western Sizzlin'(franchisor of steak restaurants).
- Represented Bank of America as lead bank (US$80 million) in Chapter 11 cases for Financial News Network (cable TV network that later became CNBC) and Infotechnology (media company).
- Represented Security Pacific National Bank as agent for bank group (US$260 million) in workout and prepackaged Chapter 11 for Republic Health Corporation (hospital chain).
Professional Activities
Fellow, American College of Bankruptcy
Honors, selected by
Los Angeles Magazine as a Southern California “Super Lawyer”;
Corporate Counsel Edition as a "Super Lawyer"
Member, Financial Lawyers’ Conference; Board of Governors, 2009-present; appointed to Debtor/Creditor Relations and Bankruptcy Committee of the Business Law Section of the State Bar of California (1986-91); appointed to Bankruptcy Committee of Los Angeles County Bar Association (1989-92)
Author and Speaker, Frequent speaker and author including recent presentations on derivatives in bankruptcy, fiduciary duties, portfolio company restructurings, prepayment premiums, repurchase agreements, and debt subordination.