Todd has practiced in the areas of distressed M&A, business reorganization, workouts and debt restructuring, creditors' rights, and secured lending for 30 years. He frequently lectures on these matters at national conferences, and has served as an adjunct instructor of law at Cornell Law School for more than 10 years.
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Todd's areas of expertise include counseling both acquirers (typically private equity funds, hedge funds, or strategic buyers) and targets in distressed M&A transactions. These transactions frequently include the strategic acquisition of debt for the purpose of acquiring control of a distressed target company, or maximizing return on investment. These transactions can also involve negotiation of debt-for-equity swaps, structuring of DIP credit facilities designed to "lock-up" a debtor target, formulation and implementation of plan support agreements and/or third-party Chapter 11 plans of reorganization, and other bankruptcy and pre-bankruptcy strategies, among other things.
Todd is frequently called upon by boards of directors and corporate officers to guide them in distressed situations regarding the exercise of their fiduciary duties and personal risk issues. Likewise, he often counsels corporate clients regarding transactional risks in distressed situations involving asset sales, intercompany loans, distributions to shareholders, and other transactions.
Additionally, Todd has extensive experience representing Chapter 11 debtors, creditors' committees, and other parties in large, complex Chapter 11 reorganization cases across a variety of industries, including aviation, retail, food and beverage, entertainment, telecom, high technology, manufacturing and financial services, and others. Todd also represents both debtors and creditors in the formulation and negotiation of out-of-court restructurings.
Todd also represents secured lenders, such as financial institutions, in connection with the restructuring of complex credit facilities, including stand-alone and syndicated loan arrangements. His experience also extends to enforcing the rights and remedies of lender entities in both state and federal courts nationwide.
Beyond his restructuring practice, Todd actively counsels several clients in connection with general business matters, entrepreneurial endeavors, and merger and acquisition transactions. Todd has particular experience working with clients in Asia on such transactions.
Todd frequently lectures at national conferences on distressed M&A, and various bankruptcy and restructuring topics. For over a decade, he has served as an adjunct instructor of law at Cornell Law School, where he teaches at an annual program on negotiation skills and tactics.
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Credentials
Bar Admissions
- Massachusetts
Education
- Cornell Law School, J.D., 1991
- Bowdoin College, A.B., magna cum laude, 1988
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