Todd is a partner in Willkie’s Restructuring Department and Chair of the Official Creditors Committee practice. He advises clients on all facets of complex chapter 11 reorganizations, representing official committees, debtor-in-possession lenders, and debtors in a number of prominent insolvency matters.
Todd’s restructuring experience spans numerous industries, including real estate, mortgage lending, transportation, technology, telecommunications, retail, and energy. He has particular experience representing creditors’ committees in the energy and aviation sectors, having represented over two dozen official committees in those industries alone.
Todd also has significant experience representing both borrowers and lenders in complex financing transactions, and regularly counsels parties concerning bankruptcy matters involving Section 363 sales and cross-border insolvencies, including proceedings under chapter 15 of the Bankruptcy Code.
Todd has been recommended by Legal 500 US (2018), where sources note that he “conveys difficult concepts clearly and concisely.”
Experience
Prior to joining Willkie in 2021, Todd was a partner at Morrison & Foerster LLP.
- Recommended for Corporate Restructuring – Legal 500 US 2018
Todd has advised on the following significant matters*:
- In re Grupo Aeroméxico, S.A.B. de C.V.: (Bankr. S.D.N.Y.) Counsel to the official committee of unsecured creditors of Grupo Aeroméxico, S.A.B. de C.V. and its affiliated debtors in their chapter 11 cases. Aeroméxico is the leading airline in Mexico and prior to the Covid-19 pandemic, it offered approximately 4,000 weekly passenger flights to 42 destinations in Mexico and 41 destinations in the United States, Canada and abroad. Aeroméxico generated $3.1 billion in annual revenues during 2019 and had approximately 14,750 employees and $1.9 billion in funded debt as of its petition date.
- In re Avianca Holdings S.A.: (Bankr. S.D.N.Y.) Counsel to the official committee of unsecured creditors of Avianca Holdings S.A. and its 38 affiliated debtors in their chapter 11 cases. Avianca is the largest airline in Colombia and El Salvador and the second largest in Latin America. Prior to the Covid-19 pandemic, Avianca offered passenger services on more than 5,350 weekly flights to more than 76 destinations in 27 countries, and generated approximately $3.9 billion in annual revenues. As of the petition date, Avianca had approximately 18,900 employees and reported outstanding indebtedness of approximately $5.4 billion.
- In re Wirecard AG: Counsel to Michael Jaffe, as insolvency administrator over the assets of Wirecard AG, a German-based payment processor and financial services company, in its Chapter 15 bankruptcy case.
- In re Murray Energy Holdings Co., et al.: (Bankr. Del.). Counsel to the official committee of unsecured creditors of Murray Energy Holdings Co. and its affiliated debtors, in its chapter 11 bankruptcy. Murray filed for chapter 11 protection in the United States Bankruptcy Court for the Southern District of Ohio in October 2019 after struggling with deteriorating coal prices, decreased demand for coal, increased use of renewable energy sources, and regulatory burdens. At the time of its bankruptcy filing, Murray was the largest privately-owned coal company in the United States, with approximately US$2.5 billion in annual revenues and nearly 5,500 employees.
- In re OneWeb Global Limited, et al.: Counsel to SoftBank Group Corp., as Prepetition and DIP Lender, a global satellite communications company with over $1.7 billion in funded indebtedness.
- In re Windstream Holdings, Inc. et al.: Counsel to the official committee of unsecured creditors of Windstream Holdings, Inc., and its affiliated debtors in their chapter 11 case. Windstream is a leading provider of advanced network communications, technology, broadband, security, entertainment, and core–transport solutions to both consumer and business customers across the United States. Windstream had approximately $5.6 billion in prepetition obligations at the time of its filing.
- In re Cloud Peak Energy, et al.: Counsel to the official committee of unsecured creditors of Cloud Peak Energy, one of the largest coal producers and suppliers in the United States, and certain of its subsidiaries, in its filing for chapter 11 bankruptcy protection.
- In re of Westmoreland Coal Company, et al.: (Bankr. S.D. Tex.) Counsel to the official committee of unsecured creditors of Westmoreland Coal Company and affiliated debtors. Westmoreland is the sixth largest coal-mining enterprise in North America. After conducting an exhaustive investigation and following weeks of negotiations with the company and the secured lenders, the Committee supported the sale of substantially all of Westmoreland Coal Company’s assets and confirmation of a plan that provides for an ongoing business and the best distribution to creditors under the circumstances.
- In re NORDAM Group, Inc., et al.: (Bankr. D. Del.) Counsel to the official committee of unsecured creditors of aerospace manufacturer The NORDAM Group, Inc. and affiliated debtors. At the time of filing, NORDAM had approximately $286 million in funded debt and was engaged in a five-year dispute with Pratt & Whitney Canada Corporation over a long-term agreement for the manufacturing of nacelle systems used in Gulfstream Aerospace Corp. aircraft. The Committee supported NORDAM’s decision to sell its interest in the program to Gulfstream and thereafter negotiated a plan of reorganization that provided for an equity investment and payment of all unsecured claims in full with interest.
- In re Real Industry, Inc.: (Bankr. D. Del.) Counsel to Real Industry, Inc., Real Alloy Recycling, Inc., and their affiliated debtors in their chapter 11 cases.
In re Ciber, Inc. et al.: (Bankr. D. Del.). Counsel to Ciber, Inc. and its affiliated debtors, industry leaders in information technology, consulting, and outsourcing services, in their chapter 11 cases. - In re Avaya, Inc., et al.: (Bankr. S.D.N.Y.) Counsel to the official committee of unsecured creditors for international telecom company Avaya Inc. and its affiliated debtors. Avaya had more than $6 billion of secured debt at the time of its filing and was saddled with significant pension underfunding liabilities for its domestic and certain foreign affiliates.
- In re Republic Airways Holdings Inc.: (Bankr. S.D.N.Y.) Counsel to the official committee of unsecured creditors of Republic Airways Holdings Inc. and its affiliated debtors in their chapter 11 cases.
- In re Energy Future Holdings Corp., et al.: (Bankr. D. Del.) Counsel to the official committee of TCEH unsecured creditors in the chapter 11 cases of Texas power company Energy Future Holdings Corp. and its affiliates, which filed for bankruptcy in April 2014. This was the 10th largest bankruptcy in the U.S. at the time with the debtors holding approximately $40 billion in debt.
- In re Residential Capital LLC, et al.: (Bankr. S.D.N.Y.) Acted as counsel to Residential Capital and its affiliates, comprising one of the largest residential real estate finance companies at the time of its chapter 11 filing, with assets and liabilities each in excess of $15 billion.
- In re Global Aviation Holdings Inc., et al.: Representation of the official committee of unsecured creditors in the chapter 11 cases of In re Global Aviation Holdings Inc., et al.
- In re Los Angeles Dodgers LLC, et al.: (Bankr. D. Del.) Counsel to the official committee of unsecured creditors of the Los Angeles Dodgers in its chapter 11 bankruptcy.
- In re Caribbean Petroleum Corp., et al.: (Bankr. D. Del.) Represented the official committee of unsecured creditors of Caribbean Petroleum Corp., one of the primary importers and distributors of petroleum products in Puerto Rico, in its chapter 11 case.
- In re Hawaiian Telecom Communications, Inc., et al.: (Bankr. D. Haw.) Counsel to the official committee of unsecured creditors of Hawaiian Telcom, the leading provider of telecommunications services in the State of Hawaii.
- In re General Growth Properties, Inc., et al.: (Bankr. S.D.N.Y.) Representation of Eurohypo Bank AG’s New York Branch and a group of lenders that had more than $2.6 billion of exposure to GGP.
- In re Qimonda AG: (Bankr. E.D. Va.) Representation of semiconductor company Qimonda AG in its chapter 15 bankruptcy case.
- In re Mesa Air Group, Inc., et al.: (Bankr. S.D.N.Y.) Represented the official committee of unsecured creditors of Mesa Air Group, Inc.. in its chapter 11 bankruptcy proceedings.
- In re The Resolution Committees of Glitnir Bank hg. and Landsbanki Islands hf.: Represented Glitnir Bank hg. and Landsbanki Islands hf., two of the largest banks in Iceland, in chapter 15 proceedings.
- In re DBSD North America, Inc. et al.: Represented parent company, ICO Global Communications, in restructuring transaction/sale to DISH Networks.
- In re NetEffect, Inc.: Represented Intel Corporation as DIP lender and purchaser of substantially all of the assets of NetEffect, Inc. through bankruptcy 363 sale.
* Todd advised on some of these matters prior to joining Willkie.
Credentials
Education
Georgetown University Law Center, J.D., 2002 Washington University in St. Louis, B.A., 1998