David F. Staber Senior Counsel, Financial Restructuring

David F. Staber

Senior Counsel

Areas of Focus

David F. Staber Senior Counsel, Financial Restructuring

David F. Staber

Senior Counsel

dstaber@akingump.com

Areas of Focus

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Biography
  • Represents public and private companies and official and unofficial committees in bankruptcy and financial restructuring matters.

David Staber focuses his practice on bankruptcy law, including representation of trustees, committees, debtors, creditors, litigants, and potential purchasers of assets or companies. He regularly advises on deal structure, risks of insolvency proceedings, and bankruptcy alternatives and solutions.

David appears on behalf of his clients in courts throughout the United States. Clients increasingly rely upon his experience as fluctuating oil and gas markets continue to create distressed investment opportunities.

Representative Work
  • Counsel to Curo Group Holdings, a leading consumer credit lender serving the U.S. and Canada, in its chapter 11 cases involving over $2.1 billion of debt.
  • Counsel to International Shipholding Corporation (ISH) and its affiliates, a shipping company, in its chapter 11 cases involving $227 million in liabilities.
  • Counsel to Loyalty Ventures and its affiliates, an operator of customer loyalty programs, in their chapter 11 cases involving over $656 million in liabilities.
  • Counsel to the Joint Official Liquidators of Security Capital as they sought to enforce claims in the face of the Internal Revenue Service (IRS) and the Securities and Exchange Commission (SEC) opposition to payments to foreign companies in liquidation, reaching a successful global settlement.
  • Counsel to an energy company in its acquisition of a sand mining company's assets out of bankruptcy, formulating a bid and creating an innovative structure in order to prevail at auction.
  • Counsel to the Human Rights Initiative, on a pro bono basis, twice appealing adverse rulings at the immigration court, obtaining the reversal of an adverse credibility finding and, on an interlocutory appeal, obtaining the reversal of a denial of a joint motion with the government to grant asylum. Success, in this case, was unusual, since the immigration court has a 97% denial rate for asylum cases.
  • Counsel to the Official Committee of Equity Security Holders of Seahawk Drilling, Inc., et al., a provider of drilling services to the oil and gas industry.
  • Counsel to the Official Committee of Unsecured Creditors of Calpine Corporation, et al., the largest electricity generator from natural gas and geothermal resources in the United States.
  • Counsel to the Official Committee of Unsecured Creditors of Quebecor World (USA), Inc., et al., a global leader in marketing and advertising solutions.

Education
  • J.D., The George Washington University Law School, with high honors, 1988

  • B.A., Texas Tech University, summa cum laude, 1985

Bar Admissions
  • Texas

Affiliations and Public Service
  • Member, American Bankruptcy Institute.
  • Member, John C. Ford American Inn of Court.
  • Member, State Bar of Texas.
  • Member, Bankruptcy Section, Dallas Bar Association.
  • Member, Sports and Entertainment Law Section, Dallas Bar Association.

Insights and Achievements

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