Insights

Franchise Group Intercreditor Dispute Results in More Lender vs. Lender Litigation

The Franchise Group, Inc. (the “Debtors”) bankruptcy case in the District of Delaware has been a battleground for lender-on-lender skirmishes involving the Debtors’ first- and second-lien lenders.

Choate Attorneys Recognized in Best Lawyers in America® 2025

The Best Lawyers in America® has recognized 44 Choate attorneys in its 2025 edition. Recognition in Best Lawyers® is based entirely on peer review and is widely regarded by both clients and legal professionals as a significant honor.

Finance and Restructuring Team Receives Two M&A Advisor Turnaround Awards

Choate's Finance & Restructuring team has been recognized in The M&A Advisor’s 18th Annual Turnaround Awards for the "Consumer Discretionary Deal of the Year (Under $100MM)" and the "Restructuring of the Year ($500MM to $1B)."

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.

B. Riley Agrees to $70M Loan to Cryptocurrency Miner Core Scientific

Choate represented B. Riley in connection with a $70M debtor-in-possession (DIP) loan to Core Scientific, Inc., and several of its subsidiaries.

Choate Elevates Six Attorneys to Principal

Six Choate attorneys – John Calhoun, Kristen Dooley Perriello, Sara Frank, Hampton Foushee, Daniela Badiola Spanos, and Dr. Janet Tse – have been elected as principals, effective May 1, 2022.