Isaac Sasson is an associate in Paul Hastings’ Financial Restructuring group and is based in the firm’s New York office, where he focuses on restructuring and creditors’ rights across an array of industries, including energy, technology, entertainment and media. Mr. Sasson has considerable experience representing creditors, ad hoc committees, official committees of unsecured creditors, private equity funds, and private companies in distressed situations. To that end, Mr. Sasson has been involved in some of the largest bankruptcies over the past decade, including Caesars Entertainment Operating Company, the Puerto Rico Sales Tax and Financing Corporation (COFINA), and Intelsat. He also has significant experience in complex litigation and liability management transactions.
• New York University School of Law, J.D., 2015o Symposium Editor, Journal of Law and Liberty • City University of New York, Brooklyn College, B.A., 2012 magna cum laude
- Represented ad hoc group of convertible noteholders in challenging plan confirmation in the Intelsat bankruptcy proceeding; represented go-forward board of Reorganized ISA S.A.
- Represented ad hoc group of priming lenders in the Boardriders open market purchase litigation.
- Represented ad hoc group of term lenders in out-of-court reorganization of Summit Midstream Partners LLC, negotiated and orchestrated strict foreclosure, ultimately receiving consent of all term lenders.
- Represented ad hoc group of creditors in the prepackaged Chaparral bankruptcy, equitization of unsecured notes and rights offering.
- Represented Official Committee of Unsecured Creditors in the McClatchy bankruptcy in successfully challenging certain claims and liens granted in a prepetition uptier transaction.
- Represented ad hoc group of term lenders in the Deluxe 2-week prepackaged bankruptcy and multiple prepetition priming bridge facilities.
Engagement & Publications
- Co-author, "Treatment of Letters of Credit in Bankruptcy: A Primer," Annual Survey of Bankruptcy Law 4, 2019
- Co-author, "What Constitutes a Transfer of ‘All or Substantially All’ of a Borrower’s Assets for Purposes of Indentures and Credit Agreements?" New York Law Journal, June 8, 2018
- Co-author, "Introduction to Ad Hoc Committees In Distressed Situations," New York Law Journal, September 29, 2016
- Author, Judicial Review of Plan Support Agreements: A Review and Analysis, 9 NYU J.L. & Liberty 850 (2015)