Brown Rudnick LLP represented the Official Committee of Unitholders of debtor Azure Midstream Partners LP
PUBLISHED ON: 02/06/2018
NEW YORK – February 6, 2018 – International law firm Brown Rudnick LLP represented the Official Committee of Unitholders of debtor Azure Midstream Partners LP, a leading midstream natural gas gathering and processing company, in the debtor’s chapter 11 case.
Brown Rudnick has extensive experience in oil and gas bankruptcies across the globe.
The Firm is particularly well known for its representation of distressed investors in complicated insolvency cases and is recommended by clients as the ‘place to go when you really need someone to fight hard for a position against all odds’.
Brown Rudnick and unitholder Wampanoag Capital LLC recognized that an efficient sale and wind-down process for Azure could lead to a meaningful recovery to unitholders, who were otherwise slated to be out of the money. Together, Brown Rudnick and Wampanoag secured appointment of an official committee litigated key issues impacting estate funds for distribution and negotiated with the debtor and secured lenders for representation in the wind down process. On December 29, 2017, a liquidating distribution payment of $1.66MM was paid to unitholders, a recovery of 14.5 cents per unit.
About Brown Rudnick LLP
Brown Rudnick, an international law firm with offices in the United States and Europe, represents clients from around the world in high-stakes litigation, international arbitration and complex business transactions. Clients include public and private corporations, multinational Fortune 100 businesses and start-up enterprises. The Firm also represents investors, as well as official and ad hoc creditors’ committees in today’s largest corporate restructurings, both domestically and abroad. Founded more than 70 years ago, Brown Rudnick has more than 250 lawyers and government relations professionals providing advice and services across key areas of the law. Beyond the United States, the Firm regularly serves clients in Europe, the Middle East, North Africa, the Caribbean and Latin America. With its Brown Rudnick Center for the Public Interest, the Firm has created an innovative model combining its pro bono, charitable giving and community volunteer efforts.