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Published on: 7/17/2003
Last Visited: 7/17/2003
Henry W. Simon, Jr. Partner (817) 810-5260 hsimon@swdlaw.com
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Henry W. Simon, Jr., is a nationally recognized bankruptcy practitioner who has advised corporations and individuals over a wide range of financial matters.Mr. Simon has over 38 years of experience in the successful negotiation of debt-restructuring workouts and has had lead responsibility for representing all types of significant constituencies in Chapter 11 reorganization cases.
He had primary responsibility for representing Placid Oil Company, Inc., a large international oil exploration and production company.Placid was owned primarily by Nelson Bunker Hunt, William Herbert Hunt, Lamar Hunt and their related entities.This successful Chapter 11 reorganization case restructured $825 million in secured debt and $1.2 billion aggregate debt through a five-year term plan of reorganization.Subsequent to his representation of Placid, Mr. Simon was employed by Nelson Bunker Hunt to assist in his personal bankruptcy case with respect to the Bankruptcy Court ordered sale of Mr. Hunt's extensive collection of antiquities.
Mr. Simon recently was lead bankruptcy counsel for the owner of a North Dallas shopping center, the anchor tenant of which was Montgomery Wards.Montgomery Wards attempted to assume the mall's lease in its own bankruptcy case in Delaware, and Mr. Simon thereafter filed a Chapter 11 case for the mall in Dallas and successfully rejected the lease assumption over the opposition of Montgomery Wards.The property was ultimately sold for in excess of $15 million.
Furr's, Inc., a large retail grocery chain headquartered in Lubbock, Texas, with locations in four states, retained Mr. Simon as bankruptcy counsel.Through its confirmed plan of reorganization, Furr's sold its operations, with creditors receiving a sizable distribution of the net sale proceeds.Furr's continues to be the dominant grocery chain in its relevant market areas.
Mr. Simon was employed to represent the interests of Gordon Getty and certain trusts owned and/or controlled by Mr. Getty with respect to the Chapter 11 case of DeltaUS Corp., the largest oil-drilling contractor in the country.
Mr. Simon had lead responsibility in the formation and representation of what became known as the Ad Hoc Group of Preferred Shareholders in the bankruptcy case of The Southland Corporation, the Dallas-based operator of the 7-11 convenience stores.Through the efforts of Mr. Simon, the preferred shareholders received a sizable return on their equity through the confirmed plan of reorganization.
Mr. Simon served as lead counsel to the Official Unsecured Creditors Committee in Sunshine Precious Metals, Inc., a wholly owned operating facility of Sunshine Mining, Inc., the owner of the largest pure silver mine in the United States.The confirmed plan of reorganization resulted in a significant distribution to creditors negotiated by Mr. Simon on behalf of the Committee.
A native of Fort Worth, Texas, Mr. Simon is a graduate of Yale University (B.A., 1959) and The University of Texas School of Law (LL.B., 1962).A partner of the firm, he is licensed to practice law in Texas, and he is board certified in business bankruptcy law by the Texas Board of Legal Specialization.