Nixon Peabody LLP
Lee Harrington is a partner in Nixon Peabody’s Financial Restructuring and Bankruptcy practice. He is a leader of the group’s distressed asset acquisition team and one of the group’s principal restructuring litigation specialists, practicing in both federal and state courts.
What do you focus on?
At present, I focus my practice on two principal areas: distressed asset acquisition transactions both in and outside of formal insolvency proceedings and providing non-bankruptcy restructuring and dissolution services.
Distressed Asset Transactions
I’ve represented buyers and sellers of assets in transactions of almost every size across a wide variety of industries over the past several years. These sales have taken place both under Section 363 of the Bankruptcy Code and outside of formal bankruptcy proceedings. Most recently I’ve been involved in the acquisition of a large regional hospital, a large industrial laundry service and a technology fabric manufacturer, and the orderly sale and wind down of a solar manufacturing entity. I’ve also helped sell golf courses, various manufacturing facilities, power facilities, retail stores, real property, intellectual property and almost every form of asset and company one might conceive. The depth and breadth of the team, with the support of our colleagues from the firm’s wide range of practice groups, gives us a real advantage in buying and selling even the most complex assets.
There’s a continuing trend away from traditional restructuring through a formal bankruptcy proceeding. We have been increasingly involved in advising clients in non-bankruptcy restructuring and wind down alternatives, including consensual debt restructuring, asset sales, assignments for the benefit of creditors, indenture trusteeships and corporate dissolution under state law. These non-bankruptcy alternatives often offer more cost-effective solutions for distressed companies to right-size balance sheets, sell assets or wind down operations.
I come from a family of artists and, before law school, I spent many years as a singer, songwriter, producer and performer in a touring rock band. I still play today. It’s from this unique perspective as a working artist that I counsel clients across the spectrum in the entertainment industry. I’ve worked with bands, producers, record labels, management companies, film makers, screen writers, authors, photographers, comedians, singers, songwriters and publishers in a wide variety of transactional and litigation matters in the music, film, television and fine arts spaces.