Claudia R. Tobler is a corporate restructuring attorney with extensive experience in all aspects of bankruptcy, restructuring, and bankruptcy-adjacent mandates, including debtor, creditor, ad hoc committee, litigation, and transactional representations. Claudia’s practice includes company-side representations in some of the largest bankruptcy cases and restructuring proceedings in the U.S. and Canada. She has also represented creditors in matters involving billions of dollars of debt.
Prior to joining Selendy Gay, Claudia was a leader in the Corporate Restructuring and Bankruptcy practice at Paul, Weiss, Rifkind, Wharton & Garrison, LLP, where her clients included Fortune 500 companies, private equity firms, and multinational corporations. Her notable matters include Mallinckrodt, Endo Pharmaceuticals, Bumble Bee Foods, Checkers Restaurants, Cumulus Media, Neiman Marcus, Enron, and WorldCom.
Representative Matters
Company-Side Representations
- Sandvine Corporation: Represented a Canada-based technology service provider, whose software facilitates internet access for millions of users worldwide, in its coordinated chapter 15 and Canadian restructuring proceedings.
- Cumulus Media: Represented the nation’s second largest radio company, with 446 stations spread across 90 markets, in its chapter 11 cases, including a multi-day confirmation trial addressing, among other things, various valuation issues.
- Bumble Bee Foods: Represented one of the world’s largest branded shelf-stable seafood providers in its successful going-concern sale for $928 million through coordinated chapter 11 cases and Canadian restructuring proceedings.
- CGG S.A.: Represented certain subsidiaries of a Paris-based global geophysical and geosciences services company in their pre-negotiated chapter 11 cases by which the company equitized approximately $2 billion of unsecured debt through concurrent restructuring proceedings in France and the United States.
- Checkers Restaurants: Represented a chain of double drive-thru restaurants in recapitalization with its lenders, reducing its long-term funded debt from approximately $300 million to $75 million and obtaining new debt financing for store remodeling and other growth initiatives.
Creditor Representations
- Endo Pharmaceuticals: Represented an ad hoc committee of first lien, second lien, and unsecured noteholders holding approximately $3.2 billion (nearly 40%) of a specialty pharmaceutical company’s funded debt in its chapter 11 restructuring.
- Mallinckrodt PLC: Represented an ad hoc committee of noteholders of a leading global pharmaceutical company in its chapter 11 cases, including contested confirmation trial addressing, among other things, alleged antitrust violations.
- ICON Aircraft: Represented derivative litigation plaintiffs and minority shareholders comprising many of ICON Aircraft’s former directors, officers and company founders, including former Chairman and CEO of Boeing, in connection with claims against majority shareholder alleging illegal expropriation of ICON’s intellectual property to China in ICON’s chapter 11 cases.
- LSC Communications: Represented an ad hoc committee of secured noteholders of a traditional and digital print products provider in its chapter 11 cases, including in connection with the court-approved sale of substantially all of its assets.
Pro Bono & Public Interest
Claudia’s practice also includes important pro bono and public policy litigation. In District of Columbia v. Proud Boys Int’l, LLC she advised a litigation team representing the District of Columbia in its civil case prosecuting the Proud Boys, the Oath Keepers, and certain individual members and affiliates for conspiring to commit acts of violence and attack the United States Capitol on January 6, 2021, in connection with a defendant’s individual bankruptcy filing.
Claudia also partnered with the Veterans Consortium Pro Bono Program in the U.S. Court of Appeals for Veterans to successfully represent veterans who received denials from the Board of Veterans Appeals on benefit claims.
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