Garrett Fail


Garrett Fail
Garrett Fail is a partner in Weil’s Restructuring Department. Garrett’s practice covers all aspects of domestic and international debt restructurings, as well as crisis management and corporate governance. He has extensive experience representing companies in distress, creditors, buyers and sellers, DIP lenders, and investors across a variety of industries in chapter 11 cases and in out-of-court debt restructurings. Garrett has lectured frequently and written articles on numerous occasions on bankruptcy topics.

Most recently, Garrett was named a Leading Lawyer by Legal 500 (2022) and named a “Rising Star” for Restructuring and Insolvency in the U.S. by IFLR1000 (2019-2020; 2022).  He was named a Next Generation Partner by Legal 500 (2019 and 2020).  Garrett was named to Benchmark Litigation’s 40 & Under 40 for three consecutive years from 2016 through 2018, and has received the M&A Advisor 40 Under 40 Recognition Award and the Turnarounds & Workouts Outstanding Young Restructuring Lawyers Award. In 2017, Garrett was awarded Turnaround of the Year: Mega Company by Turnaround Management Association for his work on the restructuring of Aéropostale Inc. In 2016 he was named to “40 Under 40 Insolvency and Restructuring Lawyers” by Global Restructuring Review.

Representative Experience

Company-side Experience:

  • Phoenix Services Topco LLC, a provider of steel mill services to leading, global steel producing companies in the U.S. and abroad, in connection with its chapter 11 cases, as well as foreign proceedings and out-of-court workouts in Belgium, Finland, France, Romania, and South Africa.
  • CBL & Associates Properties, Inc., one of the largest mall owners in the United States, in connection with its chapter 11 cases involving more than $4 billion in debt obligations.
  • Brooks Brothers Group, Inc. and its affiliates, the oldest apparel company in the United States, in their chapter 11 cases, Canadian proceeding under the Companies' Creditors Arrangement Act, and going-concern sale of their international businesses.
  • Gavilan Resources, LLC and its affiliated debtors, an oil and gas exploration and production company, in their chapter 11 cases and sale of their business.
  • Sears Holdings Corporation and its affiliates, in one of the largest retail chapter 11 cases in history. At the time of commencing its cases, Sears was one of the largest retailers in the world with more than 68,000 employees and approximately $6 billion in debt.
  • LBI Media Inc. and its affiliates, one of the nation’s largest Spanish-speaking television and radio broadcasting and media companies, in their prearranged chapter 11 cases.
  • Westinghouse Electric Company LLC and its affiliates, a global nuclear power company, in its unprecedented chapter 11 cases involving liabilities in excess of $9 billion. Westinghouse’s chapter 11 cases have been recognized as the 2019 Restructuring Deal of the Year in its sale to Brookfield Partners L.P. by The M&A Advisor.
  • Aéropostale, Inc. and its affiliates, a retail clothing company which had locations in all 50 states, 17 countries internationally and approximately 20,000 employees, in connection with their chapter 11 cases. Aéropostale’s chapter 11 has been recognized as Section 363 Sale of the Year and the Restructuring Deal of the Year by The M&A Advisor.
  • The Great Atlantic & Pacific Tea Company (A&P) and its affiliates, in their chapter 11 cases. At the time of commencing its cases, A&P had more than 28,500 employees at stores throughout the northeastern United States and listed $1.6 billion in assets and $2.3 billion in debt.
  • Lehman Brothers Holdings Inc. and its affiliates, the fourth largest investment bank in the world, in filing and prosecuting the largest chapter 11 cases in history.
  • Southern Air Holdings Inc., a cargo airline, in connection with its prearranged chapter 11 cases to restructure approximately $295 million in secured debt.
  • The New York Racing Association (NYRA), the non-profit owner and operator of New York State’s premier thoroughbred racetracks, Belmont, Saratoga and Aqueduct, in connection with its chapter 11 case to restructure and resolve disputes with the State of New York and various of its agencies.
  • Galvex Holdings Ltd. and its affiliates, which owned and managed the largest independent steel galvanizing facility in Europe, among the largest U.S. investments in the Baltic Region, in connection with their chapter 11 cases.
  • Parmalat USA Corp, Farmland Dairies, and their affiliates, a market leader in processing, packaging, and sale of fresh milk and other food and beverage products, in their chapter 11 cases.
  • Twinlab Corporation and its affiliates, leading manufacturers and marketers of brand name and private label nutritional supplements, in their chapter 11 cases to resolve mass tort and other liabilities related to the sale of ephedra products.

Lender/Other Experience:

  • American International Group, Inc., as equity holder and largest unsecured creditor owed approximately $37.5 billion, in connection with the chapter 11 case of AIG Financial Products Corp.
  • Prepetition secured lenders in chapter 11 cases of Clovis Oncology, Inc. and its affiliates, a biopharmaceutical company.
  • UK Government and a consortium led by the UK government and Bharti Global Limited in the acquisition of the business of OneWeb Global Ltd. for more than $1 billion through a chapter 11 auction and as a chapter 11 plan sponsor.
  • The Kroger Co., as prepetition secured lender in the chapter 11 cases of Lucky’s Market Parent Company, LLC, a natural and organic grocery retailer with locations across eleven states.
  • Gavilan Resources, LLC, a contract counterparty in the chapter 11 cases of Sanchez Energy Corp., an independent exploration and production company focused on the acquisition and development of onshore unconventional oil and natural gas resources in the U.S.
  • MGM Resorts, as the debtors’ largest contract counterparty, in the Canadian proceeding under the Companies' Creditors Arrangement Act and the chapter 15 cases of Cirque du Soleil Canada Inc. and its affiliates.

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