Stuart J. Goldring

Stuart serves on the Executive Committee of the Tax Section of the New York State Bar Association and co-chairs the Committee on Bankruptcy and Losses. He was a member of the former Tax Council of the Association of the Bar of the City of New York and served as chair of a special subcommittee of the Tax Council and the Committee on Bankruptcy and Corporate Reorganization of the City Bar with respect to tax-related proposals of the National Bankruptcy Review Commission.

Experience

• Aéropostale, Inc. and its subsidiaries in connection with their chapter 11 cases culminating in their Section 363 sale to a consortium.
• Air Methods Corporation (a portfolio company of American Securities) in a $155 million senior secured term loan facility to provide debtor‑in‑possession financing to fund operations during the company’s Chapter 11 proceedings; a $250 million senior secured term loan facility; and, as issuer, in a $185 million rights offering to holders of certain creditors in connection with its emergence from Chapter 11.
• American Airlines in its chapter 11 reorganization, including American's $18 billion merger with US Airways Group.
• Armstrong World Industries in its asbestos-related chapter 11 reorganization.
• Ad hoc group of secured lenders in the chapter 11 restructuring of Aspect Software.
• Azure Midstream Partners, LP in the Section 363 sale of its midstream business, assets and operating subsidiaries to Enterprise Products Operating LLC.
• Basic Energy Services, Inc. in connection with its chapter 11 cases and sale of substantially all of its assets.
• Blockbuster in its chapter 11 case, including the Section 363 sale of substantially all its assets to Dish Network.
• Breitburn Energy Partners, L.P. in restructuring efforts related to more than $3 billion in funded debt obligations.
• Brooks Brothers in its chapter 11 restructuring.
• Catalina Marketing Corporation in its chapter 11 cases with liabilities in excess of $1.8 billion.
• CEC Entertainment Inc., the parent company of Chuck E. Cheese and Peter Piper Pizza, in its chapter 11 restructuring.
• Claire’s Stores, Inc. in its prearranged restructuring efforts related to more than $2 billion in funded debt.
• Core Scientific, Inc. in its $80 million first lien senior secured term loan facility upon emerging from chapter 11 bankruptcy proceedings.
• Ad hoc group of prepetition secured lenders in the chapter 11 restructuring of Energy & Exploration Partners.
• Fairway Group Holdings and its subsidiaries in their prepackaged chapter 11 cases.
• Fieldwood Energy in connection with its chapter 11 cases and its related $1 billion sale of assets to QuarterNorth Energy Holding, Inc.
• First Brands Group, LLC in its $4.4 billion senior secured debt-in-possession term loan facility and its pending chapter 11 cases.
• Fossil Group, Inc. in a “stapled exchange” of its debt through a combined exchange offer and backstop U.K. restructuring plan.
• General Motors Corporation in its chapter 11 liquidation, including the unprecedented Section 363 sale of the ongoing company to the government‑sponsored “New GM” in a manner structured to qualify as a tax reorganization.
• Golfsmith International Holdings, Inc. in its chapter 11 case and Section 363 sale to a consortium consisting of Dick’s Sporting Goods and Hilco.
• Insys Therapeutics, Inc. in its asset sale transactions and liquidating chapter 11 case.
• LBI Media (n/k/a Estrella Media, Inc.) and its subsidiaries in connection with their restructuring efforts.
• Lehman Brothers, the largest bankruptcy in history with $630 billion of assets on its balance sheet, in its chapter 11 case and on-going liquidation.
• Ad hoc group of secured lenders in the chapter 11 restructuring of Magnum Hunter Resources Corporation.
• Mashantucket Pequot Tribal Nation, the owner of Foxwoods Resort Casino, with respect to its restructuring of $2.3 billion of debt obligations.
• Mobileum (a portfolio company of H.I.G. Capital) in its $169 million senior secured debtor-in-possession term loan facility, including $50 million of new money and a partial roll-up of prepetition debt and its $160 million senior secured term loan facility.
• Memorial Production Partners LP (n/k/a Amplify Energy Corp.) in its chapter 11 case and its prepetition negotiations with major creditor constituencies.
• Office Properties Income Trust, a REIT, in its $300 million 144A/Reg S offering of 9.000% senior secured notes due 2029.
• PG&E Corporation and Pacific Gas and Electric Company in their chapter 11 cases. PG&E has approximately 16,000,000 customers, 24,000 employees and estimated liabilities (including contingent and disputed liabilities) in excess of $50 billion.
• Redbox Entertainment Inc. in its sale to Chicken Soup for the Soul Entertainment, Inc.
• Sears Holdings Corporation and its affiliated debtors in their chapter 11 cases. Sears is one of the largest retailers in the world and its chapter 11 cases represent one of the largest retail chapter 11 cases in history.
• Steward Health Care System LLC in debtor-in-possession senior secured term loan facilities totaling $300 million to finance its chapter 11 cases.
• Official Committee of Unsecured Creditors in the chapter 11 restructuring of SunEdison, Inc.
• Tops Supermarkets, a regional supermarket chain with more than 15,000 employees and $1 billion in funded debt, in its restructuring efforts.
• Other companies represented in their chapter 11 cases include: 24 Hour Fitness Worldwide Inc., American Gilsonite Company, Briggs & Stratton, Chassix Holdings, Inc., CHC Group Ltd., The Great Atlantic & Pacific Tea Company (A&P), GulfMark Offshore, Inc., Paragon Offshore PLC , SIGA Technologies, Inc., Southeastern Grocers, LLC (Bi-Lo/Winn-Dixie/ Fresco y Más/Harveys Supermarkets) and Southern Air Holdings.

Stuart authors the treatise Tax Planning for Troubled Corporations (Wolters Kluwer). In addition, he has published numerous articles dealing with the tax issues relating to financially troubled companies and lectures widely on these topics. Stuart is an adjunct professor at New York University School of Law teaching a course on bankruptcy tax, and is a member of the BloombergBNA Corporate Tax Advisory Board. He is a frequent presenter on bankruptcy and restructuring tax issues including PLI’s highly regarded tax program, “Corporate Tax Strategies.”

Stuart is ranked Band 1 for Tax: Corporate in the U.S. by Chambers Global and Band 1 for Tax in New York by Chambers USA, where he has been described as “legendary in the bankruptcy space,” “a guru” and “a formidable tax lawyer,” who “has an excellent relationship with his clients and his colleagues.” Stuart is listed in the “Hall of Fame” for U.S. Taxes: Non-Contentious by Legal 500 US. He is recognized in Who’s Who Legal: The International Who’s Who of Corporate Tax, which has described him as “legendary,” as a “Bankruptcy Tax Specialist” by Turnarounds & Workouts magazine and as a “Tax Leading Advisor” in New York by International Tax Review’s World Tax. Stuart was also named to the inaugural Lawdragon “Leading Global Tax Lawyers” list and is recognized by Best Lawyers in America and Super Lawyers and has been named among New York’s Top Rated Lawyers in Taxation Law.