On April 28, 2011, The Christian Brothers' Institute and The Christian Brothers of Ireland, Inc. became the first Roman Catholic religious order to file voluntary petitions in the United States Bankruptcy Court in the Southern District of New York seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code. Over two years of hard work and dedication led to intense negotiations which resulted in a mutually agreed upon $16.5 million settlement with over 400 individuals who filed proofs of claim. Led by Anthony D. Dougherty and Scott Markowitz, Tarter Krinsky & Drogin's bankruptcy, non-profit and litigation professionals worked together diligently utilizing procedures similar to those utilized in other mass tort bankruptcies, such as asbestos cases, and were successful in obtaining confirmation of a consensual chapter 11 plan, achieving a favorable result for the client.
|Dougherty, Anthony D. Partner, Head of Corporate Investigations Practice||Partner, Head of Corporate Investigations Practice||212.216.8099|
|Markowitz, Scott S. Partner, Head of Bankruptcy and Corporate Restructuring Group||Partner, Head of Bankruptcy and Corporate Restructuring Group||212.216.8005|