Simpson Thacher Wins Victory for The Trustee in The Bennett Funding Group Bankruptcy Proceedings
03.13.06
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Simpson Thacher received a favorable decision from the Second Circuit in the In re The Bennett Funding Group, Inc., et al. bankruptcy proceedings this month. Simpson Thacher has represented former SEC Chairman Richard C. Breeden as the Chapter 11 Trustee for The Bennett Funding Group, Inc. and its related debtors since 1996. The Second Circuit recently affirmed a Northern District order dismissing an appeal from the approval of a significant settlement Simpson Thacher negotiated on behalf of the Trustee with Sphere Drake and a number of related parties. The lawyers working on this matter included litigators William Russell, Michelle Cherande and Julissa Reynoso, and bankruptcy lawyers Kathy McLendon and Karen Alinauskas.