September 23, 2016
Partner Jason R. Adams was quoted in the Law360 article, “Logan's Roadhouse Reaches Deals On DIP, Plan Statement,” regarding the casual dining chain’s bankruptcy. The parent company of Logan’s Roadhouse, Roadhouse Holding Inc., recently informed U.S. Bankruptcy Judge Brendan L. Shannon that it had reached settlements with its stakeholders on a debtor-in-possession (DIP) loan. The global settlement with unsecured creditors and other parties will allow Logan’s Roadhouse to move forward with approval of its disclosure statement and a $25 million DIP loan. Mr. Adams, who is representing the official committee of unsecured creditors, said, “The committee strove to work constructively with the debtor and the RSA parties. We recognized the economic realities of this case and therefore our options were limited. Although negotiations were contentious at times, we believe the settlement put on the record achieves these goals.”
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