345 Park Avenue
New York,
New York
10154
 212.407.4815
 212.937.4689
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P. Gregory
Schwed
Partner
Greg Schwed concentrates his practice on bankruptcy, creditors’ rights, and related litigation. His clients are typically institutional lenders and creditors in reorganizations, liquidations, insolvency planning, preference defense cases, bankruptcy asset sales and loan workouts.
Mr. Schwed has also successfully litigated and represented creditors in numerous insolvencies, including Delphi, WorldCom, Refco, Boscov's, Ownit, ResMAE, Axium, Enron, Pillowtex, Ames, Covanta, Winstar, LTV, Golden Books, Lomas Financial, Livent, Maidenform, The Wiz, Hooker Investments, Eastern Airlines, White Motor Credit, Yugo America, Cellcom, Continental Airlines, International Harvester, Lombard Wall, Advent, O.P.M., Massey Ferguson, UPI and Braniff.
Representative Experience
Representations have included:
- Two of the major accounting firms in various insolvency and bankruptcy settings
- Major banks, brokerage firms and other institutions in subprime, bankruptcy and litigation contexts
- Defrauded investors in the Bernard Madoff and Bayou Securities Ponzi scheme bankruptcies
- The California Department of Corporations in the FPA Chapter 11 and the Commonwealth of Pennsylvania in the Adelphia Chapter 11
- The Chapter 11 examiner for a failed hedge fund
- Successful litigation in In re United Merchants and Manufacturers, 674 F.2d 134 (2d Cir. 1982) (establishing unsecured creditor's right to attorneys' fees and liquidated damages in a reorganization); In re G. Heileman Brewing Co., 128 B.R. 876 (Bankr. S.D.N.Y. 1991) (holding unconstitutional the Bankruptcy Code power to reject contracts when in conflict with state liquor regulations); In re Trans World Airlines, 145 F.3d 124 (3d Cir. 1998) (establishing aircraft lessor’s right to an administrative claim for airline’s failure to meet maintenance conditions); In re NTL (Maxcor v. Schoenfeld, N.Y. Index No. 600410/03) (2004) (Ordering equitable adjustment of Chapter 11 company's post-confirmation "when-issued" market); and In re Bayou Group (U.S. v. Israel, 05-CR-1039(CM)) (2008) (District Court establishing new law requiring reserve fund for Ponzi-scheme investors)
Publications/Speeches
- Speaker, Bankruptcy for Bankers, New York, New York (February 25, 2010)
- Co-author, Deepening Insolvency: A Doctrine in Decline?, California Bankruptcy Journal, Vol. 29, No. 2 (2007)
- Co-author, Preparing for a Downturn, Buyouts (April 16, 2007)
- Revision Author, Bankruptcy Section, New York Practice Guide: Business and Commercial, LexisNexis/Matthew Bender (2003)
- Co-author, Creditors’ Rights Handbook (2d ed.), Clark Boardman Callaghan (1982 and 1987)
Media Mentions
Affiliations
Distinctions
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Former Co–Managing Partner, National Litigation Section, Loeb & Loeb LLP (1999–2005)
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Highest "AV Preeminent (5 out of 5)" Professional Rating, Martindale-Hubbell Law Directory
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Columbia University School of Law, J.D., 1976, Harlan Fiske Stone Scholar
Princeton University, B.A., 1973, summa cum laude, Phi Beta Kappa
U.S. Court of Appeals, Second Circuit
U.S. Court of Appeals, Third Circuit
U.S. District Court for the Southern District of New York
U.S. District Court for the Eastern District of New York
U.S. District Court for the Western District of New York
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