Paul Hastings Advises Noteholders in Confirmed Desktop Metal Chapter 11 Bankruptcy Exit

Paul Hastings LLP advised an ad hoc group of noteholders in the Chapter 11 bankruptcy cases for Desktop Metal Inc. The group held approximately $120 million of secured and unsecured convertible notes. As a result of the bankruptcy, Desktop Metal fully repaid the group’s senior secured notes and established a well-funded litigation trust to pursue estate and noteholder claims on behalf of the ad hoc group and other stakeholders.

Financial Restructuring partner Dan Fliman led the team, which also included partner Alex Cross, of counsel Isaac Sasson and Ryan Montefusco and associate Jamal Baghlani.

About Paul Hastings

With widely recognized elite teams across 17 core practices, Paul Hastings is a premier law firm with a culture of excellence focused on providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers and corporations.