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Experience:
Sean Scott represents secured lenders and bank groups, hedge funds and other financial institution creditors in out-of-court workouts and in-court bankruptcy proceedings. He also regularly counsels agents, lenders and issuers in structuring complex debt and securitization transactions. In the course of his practice, Sean emphasizes representations of financial institutions, cross-border representations, asset sales and acquisitions, bankruptcy litigation and debtor representations.
Sean regularly represents individual institutional lenders and lender syndicates in all types of "distressed" situations. His recent representations include the Bank of New York, as prepetition lender, clearing agent, and custodian to Sentinel Management Group, Inc.; Canadian Imperial Bank of Commerce, as agent and lender in an out-of-court restructuring of debt facilities of Stolt-Nielsen, SA (multinational shipping conglomerate) and its affiliates; Bank of Montreal, as agent for synthetic lease participants in Chapter 11 proceedings of AMERCO (parent company of U-Haul Inc.) and AMERCO Real Estate Company; and Bank of America, NA, as agent for senior secured lenders in Chapter 11 proceedings of Tru-Circle, Inc. and affiliates.
He represents and counsels lenders in cross-border restructurings and in non-distressed securitization and lending transactions. His recent representations include various hedge funds, in the contemplated restructuring of the debt obligations of Altos Hornos de México, SAB de CV, the largest integrated iron and steel company in Mexico; and Credit Suisse, as administrative agent and arranger, in a securitization of the US credit card receivables of Avianca, the largest airline in Colombia.
Sean represents and counsels bidders and debtors on how to acquire or sell assets as part of the bankruptcy process. His recent representations include Carrington Capital Management, LLC and Carrington Mortgage Services, LLC in their $180 million acquisition of the mortgage loan servicing business of New Century Mortgage Corporation; Cargill, Inc., in its attempted acquisition of assets from the Chapter 11 bankruptcy estate of Farmland Foods, Inc., and in its successful acquisition of certain assets from the bankruptcy estate of Agway, Inc.; and Lason, Inc., as seller, in the sale of its Consolidated Reprographics and Ace Reprographics business units to American Reprographics Acquisition Corporation.
He represents and counsels creditors and other parties in interest in litigation pending in bankruptcy court. His recent representations include Accenture LLP, in preference litigation commenced by Enron Corporation and certain of its affiliates; Illinois Tool Works Inc., in a declaratory judgment action relating to assets acquired from Sames Corporation, a bankrupt debtor; and Solo Cup Operating Corporation, in preference litigation commenced by the trustees for Ames Merchandising Corporation and Valley Food Services, Inc.
Sean's recent representations include DirecTV Latin America, LLC, in Chapter 11 filing, resulting in a successful restructuring of approximately $1.6 billion of indebtedness; Lason, Inc., in pre-arranged Chapter 11 filing involving restructuring of approximately $350 million of indebtedness; and Metal Management, Inc., in pre-arranged Chapter 11 filing involving restructuring of approximately $400 million of indebtedness.
Sean joined Mayer Brown in 2000.
Education:
University of Notre Dame Law School, JD, magna cum laude, 2000; Articles Editor, Notre Dame Law Review, Washington University, BA, with College Honors, 1997; Phi Beta Kappa; Pi Sigma Alpha. |
