"Kane Russell Coleman Logan Team Comes Through for Unsecured Creditors in Icahn Co. Bankruptcy," The Texas Lawbook
The Texas Lawbook
Soon after Kane Russell Coleman Logan won the job to represent a group of unsecured creditors in the Chapter 11 bankruptcy of a company owned by Carl Icahn, Auto Plus, the firm realized the clients, who were owed between $175 million and $250 million, could very well walk away with nothing.
“There was no doubt it was going to be an exceedingly difficult case,” Joe Coleman said in a recent interview with The Texas Lawbook, recounting how the legal team had to, in six weeks, plow through 20,000 documents and take three corporate depositions, and strategically agreed to participate in an expedited, two-day mediation in New York overseen by U.S. Bankruptcy Judge David R. Jones.
The outlook at the beginning was grim.
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