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.
Representations have included:
- Defrauded investors in the Bernard Madoff and Bayou Securities Ponzi scheme bankruptcies, including the appellate decision that limited the Madoff trustee’s “claw-back” powers under Bankruptcy Code Section 546(e), thus protecting innocent Madoff customers from over $1.6 billion in potential litigation exposure. In re Bernard L. Madoff Inv. Secs. LLC, 773 F.3d 411 (2d Cir. 2014).
- Major accounting firms in various insolvency and bankruptcy settings.
- Banks, brokerage firms and other institutions in subprime, bankruptcy and litigation contexts.
- 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, Index No. 6004 10/03) (N.Y. Sup. Ct. 2004) (ordering equitable adjustment of Chapter 11 company’s post-confirmation “when-issued” market); In re Bayou Group (U.S. v. Israel, 05-CR-1039 (CM)) (S.D.N.Y. 2008) (District court establishing new law requiring reserve fund for defrauded Ponzi-scheme investors); and In re Anderson News, No. 09-10695 (Dckt. 55) (Bankr. D. Del. 2010) (successful motion to appoint Chapter 11 Examiner).
Greg has successfully litigated and represented creditors in numerous bankruptcies and insolvencies, including American Airlines, Anderson News, ResCap, Delphi, WorldCom, Refco, Boscov's, Ownit, ResMAE, Axium, Enron, Pillowtex, Ames, Covanta, Winstar, Adelphia LTV, Golden Books, Lomas Financial, Livent, Maidenform, The Wiz, Hooker Investments, Eastern Airlines, White Motor Credit, Yugo America, Continental Airlines, International Harvester, Lombard Wall, Advent, O.P.M., Massey Ferguson, UPI and Braniff.
Greg also performs pro bono work on behalf of several organizations, including End Rape on Campus, Lawyers for Children, National Alliance to End Sexual Violence, and Center for Inquiry.
- Columbia University School of Law, J.D.,
Harlan Fiske Stone Scholar
- Princeton University, B.A., 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 Eastern District of New York
- U.S. District Court for the Northern District of New York
- U.S. District Court for the Southern District of New York
- U.S. District Court for the Western District of New York
- U.S. Supreme Court
- New York
Former Co–Managing Partner, National Litigation Section, Loeb & Loeb LLP (1999–2005)
Highest "AV Preeminent (5 out of 5)" Professional Rating, Martindale-Hubbell Law Directory
- Selected "2013 Top Rated Lawyers in Corporate Restructuring and Bankruptcy," American Lawyer Media and Martindale-Hubbell™
Named "New York Metro Super Lawyer" in Bankruptcy by Thomson Reuters (2013-2019)
- Member, Association of the Bar of the City of New York, Committee on Bankruptcy and Corporate Reorganization (1997-2000)