The U.S. Bankruptcy Court has formally confirmed the appointment of Boies Schiller Flexner partner Martin De Luca as Examiner in the First Brands Chapter 11 cases, following his selection by the U.S. Trustee after a highly competitive national selection process.
BSF partner Jesse Panuccio will serve as Chief Counsel supporting the examination, together with a core team including partners Andrew Smith, Ben Waisbren, Robert Gordon, Blake Goebel, Geoff Derrick, Marc Ayala, and Dev Sen, along with additional attorneys and professionals from across the firm supporting the engagement.
The First Brands cases present a complex Chapter 11 proceeding involving allegations of extensive misconduct, multibillion-dollar liabilities, and parallel criminal proceedings. The examinership has drawn significant attention within the restructuring and legal communities and has been covered by outlets including Law360, Bloomberg, and Reuters. Please see links to the coverage below.
LAW360: First Brands' Ex-Execs Can Tap Only Some D&O Coverage
BLOOMBERG: First Brands Judge Approves Examiner to Probe Fraud Allegations
REUTERS: Judge Approves Examiner Pppointment in First Brands Bankruptcy Amid Fraud Probe