Biography
Meritt Crosby handles bankruptcies, workouts, and restructurings of every variety. He has extensive experience representing debtors, various individual creditor constituencies (including financial institutions, landlords, note and bondholders, and other significant individual constituencies), unsecured creditors’ committees, and post-confirmation trustees. He possesses significant bankruptcy litigation experience, having represented both plaintiffs and defendants across numerous bankruptcy adversary proceedings, as well as traditional litigation in federal and state forums.
Prior to joining Quadros, Migl & Crosby, Meritt was a shareholder at Crosby Walker PLLC, and an associate in the financial restructuring sections of Akin Gump Strauss Hauer & Feld LLP and Okin Adams & Kilmer LLP.
Significant Bankruptcy Representations:
Debtor Representations:
- Lead counsel to the Debtors, EmKey Companies, et al. (N.D. Tex.)
- Lead counsel to the Debtor, Cornerstone Foods, Inc. (E.D. Tex.)
- Lead counsel to the Debtor, Farpointe Cellars (N.D. Tex.)
- Counsel to the Debtor, Nova Directional, Inc. (S.D. Tex.)
- Counsel to the Debtor, Coastal Staffing Services, LLC (W.D. La.)
Creditor Representations:
- Counsel to the Official Committee of Unsecured Creditors, Heritage Consolidated, L.L.C. (N.D. Tex.)
- Counsel to the Official Committee of Unsecured Creditors, Calpine Power Corporation (S.D., New York)
- Counsel to the Official Committee of Unsecured Creditors, Delta Airlines, Inc. (S.D., New York)
- Co-Counsel to primary unsecured creditor, Unified 2020 Realty Partners, LP (N.D. Tex.)
- Co-Counsel to primary unsecured creditor, RE Loans (N.D. Tex.)
Trustee Representations:
- Counsel to post-confirmation trustee for Shoreline Energy, LLC (S.D.Tex.)
- Lead Counsel to the Post-Confirmation Trustee for Cano Petroleum, Inc., (N.D. Tex.)
- Counsel to the Post-Confirmation Trustee for Hallwood Energy, L.P., (N.D. Tex.)
- Counsel to the Post Confirmation Trustee for ISC Building Materials, Inc., (S.D. Tex.)
- Counsel to the Post Confirmation Trustee for NPOT Partners I, LP (N.D. Tex.)
- Counsel to the Chapter 7 Trustee for M3 Technology, Inc. (S.D. Tex.)
- Counsel to the Chapter 7 Trustee for H&M Oil & Gas, LLC (N.D. Tex.)
Noteholder Committee Representations:
- Co-Counsel to Committee of Ad Hoc Noteholders, Reddy Ice Holdings (N.D. Tex.)
Secured Creditor Representations:
- Representation of numerous special servicers (Capmark Finance, Inc., LNR Partners) of defaulted secured loans in securitized loan pools in numerous jurisdictions in Texas and Louisiana.
Unsecured Creditor Representations:
- Lead counsel to primary unsecured creditor, ValuePart, Incorporated (N.D. Tex.)
- Lead counsel to unsecured creditor, Energy Oilfield Services, LLC (S.D. Tex.)
- Lead counsel to unsecured creditor, Linn Energy, LLC (S.D.Tex.)
State Court Litigation Representations:
- Representation of former employee of commercial real estate company for recovery of sales commission.
Asset Acquisition Representations:
- Lead counsel to purchaser of assets of My Fit Foods, LLC (N.D. Tex.)
- Lead counsel to prospective purchaser of manufacturer of high-resolution video display equipment
- Lead counsel to Landry’s – TX C.C.. Inc. in connection with purchase of certain assets and associated leases of Garden Fresh Restaurants, LLC (E.D. TX.)
- Lead counsel to leading provider of pre-prepared meals in connection with acquisition of real estate for headquarter relocation
Out-of-Court Restructurings:
- Representation of distressed electrical engineering company in out-of-court financial restructuring
- Lead counsel to distressed provider of dialysis services in connection with out-of-court financial restructuring
- Lead counsel to distressed provider of modular structures in connection with out-of-court financial restructuring
- Lead counsel to distressed provider of commercial electrical supplier in connection with out-of-court financial restructuring
Bankruptcy Litigation:
- Lead counsel to leading producer of landscaping and nursery mulch producer in connection with defense of suit for recovery of preferential transfers
- Lead counsel to printing company in connection with defense of suit for recovery of suit for recovery of preferential transfers
- Lead counsel to owner of maritime vessels in connection with possible litigation against prospectively bankrupt maritime shipping company for recovery of remote operating vehicles
- Lead counsel to former president of fabrication company in connection with defense of suit for recovery of preferential transfers
Articles and Publications:
- Top Ten Tips to Deal With Vendors and Suppliers Who Have Filed for Bankruptcy, prepared for speech to Energy Law Section, Dallas Bar Association (Review of Oil & Gas Law XXX)
- Priority and Dischargeability of Tax Claims, Collier on Bankruptcy Taxation, 2006, 2010-2011 (Assistant to Contributing Author)
- In re Gulf Coast Oil: Difficulties Ahead For Prospective Debtors Looking to Sell Substantial Assets Under 363(b)?, June 2009 (Author)
- Pitfalls in the Perfection of a Security Interest, prepared for upcoming speech for State Bar of Texas (Essentials of Business Law: Critical Skills for the Transactional Practice)
Speeches:
- Top Tips to Deal With Vendors & Suppliers Who Have Filed for Bankruptcy, Review of Oil & Gas Law XXX Seminar, Dallas Bas Association, Oil and Gas Section, August 28-29, 2016
