Obermayer Rebmann Maxwell & Hippel LLP attorneys and co-chairs of the Bankruptcy Department Charles Golden and Ed George were successful in a matter before the U.S. Court of Appeals for the Third Circuit, In Re: Lower Bucks Hospital, Case No.: 13-1311, District Case No.: 2-12-cv-03399. The issue involved the adequacy of notice in an attempt to obtain a third party release in favor of the Bank of New York, Mellon Trust Company. In a unanimous Opinion, the Third Circuit sustained the Bankruptcy Court and District Court in finding that the Notice given by the Bank of New York, Mellon Trust Company was inadequate and the bank failed to otherwise draw the courts attention to the issue. Obermayer partner Alex Barnes argued the case before the Appeals Court.
With more than 50 years of experience in the field of bankruptcy reorganization, Golden’s practice focuses on counseling large corporate Chapter 11 debtors throughout their bankruptcy cases and assisting them in successfully reorganizing. He has an extensive background in financial planning and reorganization of business entities suffering economic reversal, and has actively participated in some of the largest bankruptcy cases in the Eastern District of Pennsylvania.
George’s practice focuses on all types of commercial litigation, and business transactions including the financial and tax aspects of business reorganizations and the representation of debtors, trustees, secured lenders and committees in Pennsylvania, New Jersey and Delaware bankruptcy proceedings. He also has extensive experience in out of court workouts, restructuring, intercreditor agreements and other similar arrangements.
Barnes concentrates his practice in bankruptcy, reorganization, creditor's rights and commercial litigation. He has extensive experience representing committees of unsecured creditors, Chapter 11 and 7 Trustees, secured creditors and debtors in commercial bankruptcy cases.