Ira Greene is a Partner in the Firm's Bankruptcy, Restructuring and Insolvency Group. He has more than 35 years of experience in the areas of business restructuring, bankruptcy law and commercial finance. Ira is rated AV Preeminent in Martindale Hubbell's attorney peer review ratings.
Ira has considerable experience representing purchasers and structuring transactions for the purchase of businesses in Chapter 11 and secured party sales under the Uniform Commercial Code. He represented the purchaser of Lockwood Greene in the JA Jones Chapter 11 cases, one of the largest construction related businesses to be subject to a U.S. bankruptcy case. He advised the purchaser, with respect to bankruptcy issues, in the $16.7 billion purchase of Archstone from Lehman Brothers. He represented the purchaser of the Super Glue business, pursuant to a Chapter 11 Plan, distributing public stock of the Purchaser’s parent to creditors in satisfaction of their claims.
Ira has substantial experience representing creditors’ committees in Chapter 11 cases such as Apollo & Spartan Discount Stores, Korvettes, McCrory Corp., Meredith Steel Corp., MK Labs, Yes! Entertainment, and a GSC Bond Fund. He also has represented members and Chairmen of creditors’ committees in several substantial cases. Ira serves as Chairman of each of the major post-confirmation committees in the multibillion dollar Refco Chapter 11 case – the Plan Administration Committee, the Litigation Trust Committee, and the Private Actions Litigation Trust Committee.
Ira also has experience representing debtors in Chapter 11 cases and non-judicial debt workouts. He represented an international chemical company, as a debtor-in-possession, confirming its Chapter 11 case, leaving prepetition ownership intact, in the face of aggressive attempts by several large multinational chemical companies to purchase the business. He also completed a non-judicial debt workout for a chain of over 100 family restaurants.