Insights

Choate Attorneys Named 2024 Top Lawyers by Boston Magazine

Six Choate attorneys are named 2024 Top Lawyers by Boston Magazine’s annual listing, including Kevin Finnerty and J.P. Jaillet in Insurance, Douglas Gooding and Jonathan Marshall in Bankruptcy & Workout, Christine Savage in Healthcare Law, and Lyndsey Kruzer in Labor & Employment.

Choate Represents PNC Bank as Administrative Agent for DIP Financing to Big Lots

Choate represented PNC Bank, National Association, as administrative agent in connection with a syndicated Senior Secured Superpriority Debtor-In-Possession Asset-Based Revolving Credit Facility (the "ABL DIP Facility") of up to $550M to Big Lots, Inc. and certain of its subsidiaries.

Choate Represents Bank of America in Rite Aid Restructuring

Choate represented Bank of America, as agent for a syndicate of lenders, in connection with Rite Aid Corporation’s and its subsidiaries’ (“Rite Aid”) Chapter 11 restructuring proceedings, culminating in Rite Aid’s emergence from Chapter 11 on August 29, 2024 supported by a $2.55 billion asset-based credit facility led by Bank of America.

Supreme Court Weighs in on Non-Consensual Third-Party Releases in Chapter 11 Cases

The Supreme Court determined, by a 5-4 margin, to ban most non-consensual third-party releases in Chapter 11 plans, rejecting the Second Circuit’s seven-part multifactor analysis for considering such releases and sending the Purdue plan back to the lower courts.

Choate Ranks Highly in 2024 Legal 500

The 2024 edition of The Legal 500 recognized 40 Choate attorneys in their respective fields and 10 practice areas.

Choate Lawyers and Practice Groups Recognized by Chambers 2024

The 2024 edition of Chambers USA Guide to America’s Leading Lawyers for Business recognized 34 Choate attorneys as leading counsel in their respective fields, with seven receiving Band 1 rankings.

Choate Represents Bank of America in Precedent-Setting Credit Facilities for Rite Aid Corporation

Representing Bank of America in connection with debtor-in-possession financings for Rite Aid Corporation and its subsidiaries, Choate secured final court approval for the largest ever retail and consumer product sector debtor-in-possession financing on December 22, 2023.

Choate Represents Citizens Bank in Yellow Corp.’s Bankruptcy

Choate represents Citizens Bank in connection with the bankruptcy proceeding of U.S. trucking firm Yellow Corp., which filed for Chapter 11 bankruptcy protection in federal bankruptcy court in Delaware on Sunday August 6, 2023.

Choate Lawyers and Practice Groups Recognized by Chambers 2023

The 2023 edition of Chambers USA Guide to America’s Leading Lawyers for Business recognized 16 practice areas and 31 Choate attorneys as leading counsel in their fields, with six receiving Band 1 rankings, three receiving nationwide recognition, two global recognitions, and two senior statesmen.