David Bennett, Cassandra Shoemaker Mentioned in Law360 on Endeavour Bankruptcy

“Endeavour Lenders Slam Creditors’ Bid To Wipe $440M Loans”

Hedge funds and banks financing the bankruptcy of Endeavour Operating Corp. urged a court on Friday not to let unsecured creditors extinguish $440 million in obligations, saying the unsecured creditors don’t have standing to sue over a prebankruptcy refinancing that could dramatically decrease their recoveries.

Lenders including Beach Point Capital Management, Caspian Capital LP and Barclays Capital that hold the term loan obligations said in an objection that the creditors have no standing to sue because they haven’t laid out a logical path that supports their claims.

The unsecured creditors are represented by Neil B. Glassman, Scott D. Cousins and Evan T. Miller of Bayard PA and David M. Bennett and Cassandra Sepanik Shoemaker of Thompson & Knight LLP.