Bio

Daniel Eggermann represents significant parties, including distressed investors, bank debt holder and bondholder groups, creditors’ committees, independent directors of debt issuers, and other parties in interest, in complex Chapter 11 bankruptcy cases, out-of-court restructurings and other distressed situations. Daniel advises reorganized companies and their investors on a comprehensive range of corporate issues, and regularly counsels market participants in connection with credit default swaps Among his recent bankruptcy work, Daniel currently represents an ad hoc group of first lien lenders in connection with the Chapter 11 proceedings commenced by Diamond Sports Group and certain of its affiliates who own a portfolio of regional sports networks with exclusive broadcasting rights to 42 professional sports teams, including NBA, MLB and NHL teams. Daniel currently advises clients with respect to pending crypto currency bankruptcy proceedings, including crypto lenders/borrowers, customers and claims purchasers, in cases including FTX, Celsius and Voyager. Daniel also recently advised an ad hoc committee of governmental entities holding opioid-related claims in connection with the Chapter 11 proceedings commenced by Mallinckrodt plc, one of the largest manufacturers and distributors of opioids. Daniel also represented the official committees of unsecured creditors appointed in the Chapter 11 restructuring of Eagle Hospitality, a hotel real estate investment trust; in the balance sheet and fleet restructuring of the Bristow Group, one of the world’s leading industrial aviation service providers; in the Chapter 11 bankruptcy of California Pizza Kitchen; and in the Chapter 11 bankruptcy of Forever 21 and its affiliates, a leading retailer of “fast fashion” for women and men with more than 800 stores in more than 40 countries. Daniel also represented an ad hoc group of first lien noteholders holding in excess of $3.5 billion of first priority senior secured bonds issued by Caesars Entertainment Operating Co. in the Caesars bankruptcy proceedings. He also continues to serve as U.S. counsel to Lehman Brothers Treasury Co. BV, the Dutch financing arm of Lehman Brothers that issued more than $34 billion in notes. Daniel’s work in the credit default swaps marketplace includes advising market participants on swaps issued on Sears, Windstream and Thomas Cook. He was part of the Kramer Levin team that represented members of the ISDA determinations committee in front of the External Review Panel convened in connection with the Sears credit event, securing a precedent-setting “yes” decision in the landmark Sears CDS case.