Simpson Thacher assisted Qimonda North America Corp. and Qimonda Richmond, LLC in securing $60 million of debtor in possession financing in their chapter 11 cases. Simpson Thacher represents both debtors in their chapter 11 cases, which were filed on February 20, 2009 in United States Bankruptcy Court in Delaware. Simpson Thacher argued and received approval of all “first-day motions,” which allowed the debtors to continue to operate in chapter 11.
Qimonda North America Corp. and Qimonda Richmond, LLC are subsidiaries of the German company, Qimonda AG, which is one of the world’s leading producers of dynamic random access memory (DRAM) semiconductors.
The Simpson Thacher team includes: Mark Thompson, Morris J. Massel, Anne Knight, Terry Sanders (Bankruptcy); Stefanie Birkmann, Ursula Mackey, Wendy Wu, Young Sohn (Corporate); Alan Turner, Chris Lucht (Litigation); Mardi Merjian (Real Estate); Marcela Robledo (IP); Susan Kaufman (Executive Compensation and Employee Benefits) and paralegals Sean Weekes, Elisabeth Juterbock and Andrew Laird.