Relevant Document:
Notice
Glenn Agre Bergman & Fuentes filed a notice of appearance in the LATAM Airlines cases this morning as counsel to a self-styled “ad hoc committee of shareholders.” The ad hoc group consists of “funds managed by Milestone Vimba Fund L.P., Patrick Conlin, K-Bar Holdings, LLC, Kevin Barnes, and Adam Gui.”
Continue reading as our Americas Core Credit team analyzes the LATAM Airlines bankruptcy updates and Request a Trial here for access to the linked documents as well as our analysis and reporting on hundreds of other stressed, distressed and performing credits.
Barnes, then
pro se, asked Judge James Garrity to appoint an official equity committee on
March 22. Barnes withdrew the motion without prejudice after the judge said at an
April 22 hearing that appointment of an official committee would be “premature.” The motion was
opposed by the debtors, the official committee of unsecured creditors, the ad hoc bondholder group and shareholders Qatar Airways, Delta Air Lines and Cueto family affiliate Costa Verde Aeronautica. As of the
petition date, the Cuetos, Delta and Qatar Airways collectively held approximately 51.5% of LATAM’s equity.
Glenn Agre
represented an
ad hoc equity group in the Hertz case and an
official equity committee in the Garrett Motion case.