O'Melveny & Myers Advises Spyglass Entertainment on MGM Reorganization Plan

October 08, 2010


Andrea Rodeschini

O’Melveny & Myers LLP

212.326.2251 (office)

914.844.7664 (cell)



Julie Fei

O’Melveny & Myers LLP

213-430-7792 (office)

213-440-7792 (cell)


The news story posted on PR Newswire on October 7, announces that Metro-Goldwyn-Mayer has launched a solicitation of votes for a pre-packaged Chapter 11 restructuring plan that includes, among other things, the contribution of certain assets by Spyglass Entertainment to the reorganized company in exchange for approximately 0.52 percent of the reorganized company and the merger of two entities owned by Spyglass affiliates – Cypress Entertainment Group, Inc. and Garoge, Inc. – into a subsidiary of MGM (with the MGM subsidiary as the surviving entity) in exchange for approximately 4.17 percent of the reorganized company.  Following MGM's emergence from Chapter 11, Spyglass's co-Chairmen and Chief Executive Officers, Gary Barber and Roger Birnbaum, will serve as co-Chairmen and Chief Executive Officers of MGM.

A team from O'Melveny & Myers LLP advised Spyglass Entertainment on legal matters, led by partner Christopher Brearton and counsel Ken Deutsch, including partner David Krinsky, partner Eric Zabinski, counsel Amy Siegel, and associates Gene Kang and Briar Darden.  Partner Suzzanne Uhland and counsel Andrew Parlen provided bankruptcy advice.  Partner John-Paul Motley advised on securities law issues and partner Wayne Jacobsen advised on ERISA matters.  Partner David Beddow provided advice on certain regulatory matters.

Please contact Andrea Rodeschini or Julie Fei at the phone numbers and email addresses listed above to arrange interviews with Christopher Brearton.

About O’Melveny & Myers LLP
With approximately 900 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com