• Megan M. Wasson works on bankruptcy and restructuring matters. She assists significant parties, including bondholders, indenture trustees, secured and unsecured creditors, and creditors’ committees, in complex Chapter 11 bankruptcy cases, out-of-court restructurings and other distressed situations.

    Megan has recently been involved in the representation of the Official Committee of Unsecured Creditors in the bankruptcy cases of Endo International plc, one of the country’s largest pharmaceutical companies, which involves numerous cutting edge litigations and lien challenges as well as issues attendant to mass tort cases. Prior to that, Megan was involved in the representation of an ad hoc committee of governmental entities holding opioid-related claims in connection with the Chapter 11 proceedings commenced by Mallinckrodt plc, one of the largest manufacturers and distributors of opioids.

    Megan has also recently been involved in the representations of the creditors’ committees in the bankruptcy cases of the Boy Scouts of America, which filed for bankruptcy to equitably compensate its tort complaints; Frontier Communications, which sought Chapter 11 protection to address $17 billion in funded debt; Bristow Group Inc., one of the world’s leading industrial aviation service providers; and Seadrill Group Ltd., one of the world’s largest offshore drilling companies.

    Experience

    • Express, Inc. – Assisting in the representation of the Official Committee of Unsecured Creditors of Express Inc., which filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware on April 22, 2024.

    • Rite Aid – Assisting in the representation of the Official Committee of Unsecured Creditors of Rite Aid, which filed for chapter 11 protection in the bankruptcy court for the District of New Jersey on October 15, 2023.

    • Endo International plc – Assist in the representation of the Official Committee of Unsecured Creditors in the bankruptcy cases of Endo International plc, one of the country’s largest pharmaceutical companies, which involves numerous cutting edge litigations and lien challenges as well as issues attendant to mass tort cases.

    • Mallinckrodt plc – Assist in the representation of the Ad Hoc Committee of seven states’ attorneys general and the Plaintiffs Executive Committee in the multidistrict opioid litigation. The representation included restructuring and settlement negotiations that culminated in the entry into a Restructuring Support Agreement (RSA) for a Chapter 11 plan that served as the catalyst for the commencement of Mallinckrodt’s Chapter 11 cases. The RSA was executed by 50 U.S. states and territories as well as holders of 85% of Mallinckrodt’s subsidiary-guaranteed unsecured notes, and the Chapter 11 plan was premised upon a reorganization of the company with a $1.3 billion reduction of funded debt.  An Opioid Trust, formed to effectuate distributions to holders of opioid claims, will be funded through $1.6 billion of cash payments paid over a period of seven years, warrants to purchase 19.99% of the equity of the reorganized company and various claims of the company against third parties, and is expected to utilize a portion of the assets for abatement purposes – a critical issue in addressing the damage caused by the ongoing opioid epidemic.

    • Frontier Communications Corporation – Assist in the representation of the Official Committee of Unsecured Creditors of Frontier Communications Corporation in connection with the company’s balance sheet restructuring. Burdened by more than $17 billion of debt, the company sought Chapter 11 protection in the Bankruptcy Court for the Southern District of New York on April 14, 2020, and confirmed its Chapter 11 plan on August 21, 2020.

    • Boy Scouts of America – Assist in the representation of the Official Committee of Unsecured Creditors in the bankruptcy cases of the Boy Scouts of America, seeking to achieve two key objectives: to compensate equitably victims who were harmed during their time with the Boy Scouts and to continue to carry out the organization’s mission.

    • Forever 21 – Assist in the representation of the Official Committee of Unsecured Creditors in the bankruptcy cases of Forever 21 and certain of its direct and indirect subsidiaries. The company is an international retailer of “fast fashion” and a well-known brand.

    • Bristow Group Inc. – Assist in the representation of the Official Committee of Unsecured Creditors of Bristow Group Inc., one of the world’s leading industrial aviation service providers, in connection with the company’s balance sheet and fleet restructuring. Burdened by more than $1.5 billion of debt, the company sought Chapter 11 protection in the Bankruptcy Court for the Southern District of Texas on May 11, 2019.

    • Nine West Holdings Inc. – Assist in the representation of Brigade Capital Management, a holder of secured and unsecured indebtedness against footwear and apparel retailer Nine West Holdings Inc. and certain of its subsidiaries. The company sought Chapter 11 protection in the Bankruptcy Court for the Southern District of New York on April 6, 2018.

    • Ambac Assurance Corp. – Assist in the representation of certain holders of preferred shares of Ambac, a subsidiary of Ambac Financial Group Inc. (AFG), in connection with an offer by Ambac to exchange approximately $660 million aggregate liquidation preference of preferred shares for senior surplus notes of Ambac and cash and warrants from AFG.

    • Seadrill Group Ltd. – Assist in the representation of the Official Committee of Unsecured Creditors of Seadrill Group Ltd., one of the world’s largest offshore drilling companies. Burdened by more than $8 billion of debt, the company sought Chapter 11 protection in the Bankruptcy Court for the Southern District of Texas on Sept. 12, 2017.

    • Energy Future Holdings Corp. – Assist in the representation of the indenture trustee for approximately $2.2 billion of second-lien notes issued by Energy Future Intermediate Holding Co. LLC (EFIH), a subsidiary of Energy Future Holdings, and an ad hoc group of EFIH second-lien noteholders.

    Credentials

    Education

    • J.D., University of Virginia School of Law, 2016
      • Assistant Technical Editor, Virginia Journal of Social Policy and the Law
    • B.A., magna cum laude, International Relations and Spanish, Tufts University, 2013

    Bar Admissions

    • New York, 2017

    Languages

    • Spanish