JaneRue Wittstein

Of Counsel

New York + 1.212.326.3415

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Jane Rue Wittstein has 33+ years of experience litigating at the trial and appellate levels in state, federal, and bankruptcy courts across the country. She represents both debtors and creditors in chapter 11 cases. Jane's nonbankruptcy experience is also extensive, handling commercial, securities, and product liability litigation for clients in a range of industries including financial services, pharmaceutical, satellite, semiconductor, and automotive, to name a few.

Jane's recent chapter 11 cases include: MF Global Holdings Ltd.; Fresh & Easy; TMST, Inc.; Harry & David; and Davis Petroleum. As counsel to the Plan Administrator in MF Global, Jane secured court approval authorizing Holdings' acquisition of the SIPA estate's remaining assets in August 2015, with a published opinion noting "the Sale Agreement negotiated by these parties represents a creative and novel way to move these cases toward successful conclusions." Additional highlights include successfully mediating a class action settlement in Fresh & Easy, winning a two-day bench trial to terminate Harry & David's underfunded pension plan over the PBGC's objection, successfully defending Evercore and Davis Petroleum in various proceedings up to the Fifth Circuit challenging a prepackaged bankruptcy sale, securing court approval of settlements with the former officers of MF Global and their insurers in 2016 that yielded over $150 million in distribution to creditors, and winning damages for violation of the Barton doctrine from insurers who commenced actions in Bermuda without leave of the Bankruptcy Court.

Jane serves on the National Council of the Ohio State University Moritz College of Law.

Experience

  • PAG invests in Key Safety Systems to finance acquisition of global assets of Takata CorporationJones Day represented PAG Asia Capital Ltd. and PAG Asia II LP in connection with its investment in Key Safety Systems, a subsidiary of China-based Ningbo Joyson Electronic Corporation, to finance the acquisition of substantially all of the global assets of Takata Corporation out of bankruptcy in the U.S. and Japan and certain non-bankruptcy transactions elsewhere in the world.
  • MF Global obtains fast track confirmation of chapter 11 plan of liquidationJones Day represented an ad hoc group of financial institutions holding more than $1.6 billion in claims in the chapter 11 bankruptcy cases of MF Global Holdings Ltd. and its related debtors.
  • MF Global wins Court approval to acquire assets of SIPA estateJones Day represents MF Global Holdings Ltd. ("Holdings") as Plan Administrator in the implementation of its Plan of Liquidation.
  • NII Holdings obtains approval for reorganization planJones Day client NII Holdings, Inc. obtained approval for its chapter 11 reorganization plan following a 9-day contested trial on confirmation.
  • Green Field ad hoc committee forges consensus with partiesJones Day represented an ad hoc group of holders of $250,000,000 13% Senior Secured Notes issued by fracking and oilfield services provider Green Field Energy Services, Inc. (GFES).
  • Computershare Trust Company achieves win-win litigation settlement on behalf of Travelport senior noteholdersJones Day, on behalf of Computershare Trust Company, N.A. in its capacity as indenture trustee for various series of senior unsecured notes issued by Travelport LLC, successfully resolved litigation arising out of a 2011 transaction, including claims for fraudulent transfer brought by Computershare on behalf of all senior noteholders in connection with such transaction.
  • Onex is represented as equity sponsor and creditor in chapter 11 case for Hawker BeechcraftJones Day represented Onex Corporation, as equity sponsor and creditor, in the chapter 11 case for Hawker Beechcraft Corporation which was a world-leading manufacturer of business, special-mission and trainer aircraft.
  • Royal Bank of Scotland obtains dismissal of certain claims pending in Thornburg bankruptcy caseJones Day obtained dismissal of 22 out of 31 claims for The Royal Bank of Scotland Plc that were filed by the Chapter 11 Trustee in the chapter 11 case of Thornburg Mortgage, Inc.
  • Lehman Brothers bankruptcy estate obtains advice in connection with potential litigation concerning derivative transactionsJones Day represents Lehman Brothers Holdings Inc. and its affiliated debtors and debtors-in-possession in the chapter 11 bankruptcy proceedings before the United States Bankruptcy Court.
  • Harry & David negotiates pre-arranged bankruptcy planJones Day represented Harry & David Holdings, Inc. and its affiliates in their chapter 11 cases filed in the District of Delaware.
  • Lehman Holdings defends actions brought by Barclays for alleged failure to pay placement feesJones Day represented Lehman Brothers Holdings Inc. and certain Real Estate Funds, which were all at one time owned by Lehman (collectively, "Lehman") in two actions brought by Barclays alleging that Lehman failed to pay more than $30 million dollars in placement fees to the "Private Investment Management" group, a former division of Lehman that was purchased by Barclays.
  • Interep National Radio Sales files for bankruptcyJones Day represented Interep National Radio Sales, Inc. and its direct and indirect wholly-owned subsidiaries in their ongoing chapter 11 cases commenced as a means to implement the terms of a pre-negotiated plan of reorganization for the company that will provide for a comprehensive restructuring of the company's balance sheet, principally by effecting an equity conversion of the company's $100 million in Senior Subordinated Notes.
  • Davis Petroleum obtains summary judgment against former shareholders' action seeking revocation in reorganizationJones Day defended the reorganized debtors Davis Petroleum Co. in an adversary proceeding brought by a former shareholder seeking revocation of the confirmed prepackaged reorganization plan under section 1144 of the Bankruptcy Code; obtained dismissal on summary judgment.
  • Evercore Capital acquires various Davis Petroleum entities in bankruptcy buyoutJones Day advised Evercore Capital Partners II, L.P. in its $150 million acquisition, along with Red Mountain Capital Partners and Sankaty Advisors, of Davis Petroleum Corp., Davis Offshore, L.P. and Davis Petroleum Pipeline LLC in a bankruptcy buyout.
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    December 2020 Newsletters

    New York's Highest Court Upholds Minority Noteholders' Rights Under Trust Indenture Act

    December 2020 Newsletters

    Business Restructuring Review | November–December 2020

    October 2020 Commentaries

    New York's Highest Court Upholds Minority Noteholders' Rights Under Trust Indenture Act

    September/October 2019 Newsletters

    Business Restructuring Review

    September/October 2019 Jones Day Publications

    Bankruptcy Court Denies Creditor's Improper Discovery Request

    January/February 2018 Newsletters

    Fraudulent Transfer Avoidance Recovery Not Limited to Total Amount of Creditor Claims

    May/June 2017 Jones Day Publications

    Eleventh Circuit Addresses Difference Between Constitutional and Equitable Mootness

    July/August 2016 Jones Day Publications

    The Third Circuit Weighs In Again on the Meaning of “Unreasonably Small Capital” in Constructively Fraudulent Transfer Avoidance Litigation

    July/August 2015 Commentaries

    Wellness International: U.S. Supreme Court Rules That Bankruptcy Courts May Adjudicate “Stern Claims” With Litigants’ Consent

    March/April 2015 Jones Day Publications

    Foreign Representative Lacks Standing to Assert State-Law Avoidance Claims in Chapter 15 Case
    View All

    Additional Publications

    • May/June 2018
      Patently Abusive Chapter 11 Cases Filed by Non-Financially Distressed Companies Dismissed for Bad Faith

    Speaking Engagements

    • April 12, 2012
      PLI's Bankruptcy & Reorganizations 2012: Current Developments panel with Judge Drain on Current Jurisdictional and Procedural Issues - Stern v. Marshall and its progeny
    • April 14, 2011
      PLI's Bankruptcy & Reorganizations: Current Developments 2011 Current Jurisdictional and Procedural Issues
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