Representation of National Public Finance Guarantee (NPFG), a subsidiary of MBIA, in the chapter 9 case of the City of Stockton. Weil assisted in the successful negotiation of settlement terms with the City of Stockton regarding the treatment of claims relating to certain debt obligations insured by NPFG that were superior to the terms originally dictated by the City. Weil simultaneously negotiated a favorable settlement of an unlawful detainer proceeding involving certain real property collateralizing the NPFG-insured municipal debt. Weil was a major contributor to the formulation of the City’s proposed plan of adjustment, which incorporated, by reference, the terms of the settlements negotiated by Weil.
The Weil Bankruptcy Blog contains developments on the restructuring world from our Business Finance & Restructuring team. The Bankruptcy Blog's comprehensive analysis is widely respected in the industry, and was the only bankruptcy-related blog to be included in the 6th Annual ABA listing of the top 100 legal blogs. The European Restructuring Watch presents views from Weil's European teams.