Ted A. Dillman

  • Partner
  • Eted.dillman@lw.com
  • 355 South Grand Avenue, Suite 100
  • Los Angeles, CA 90071-1560
  • USA
  • T +1.213.891.8603
  •  
 

Profile

Ted Austin Dillman represents debtors, creditors, private equity sponsors, investment funds, and buyers in corporate restructuring, distressed M&A, and out-of-court workouts, as well as special situations finance and corporate matters. Mr. Dillman serves as Vice Chair of the firm's Retail & Consumer Products Industry Group.

Mr. Dillman regularly helps clients navigate large-scale corporate bankruptcies, cross-border restructurings, and a variety of special situations transactions across industries. He also represents hedge funds, private equity funds, direct lenders, and strategic buyers in a wide range of challenged M&A and finance matters.

Mr. Dillman is a past president of the Financial Lawyers Conference and a member of its Board of Governors. He often writes and speaks on intellectual property, M&A, and finance-related issues, including:

  • Co-author “Intellectually Bankrupt?: The Comprehensive Guide to Navigating IP Issues in Chapter 11,” published by ABI Law Review
  • Co-author of the Model Asset Purchase Agreement for Bankruptcy Sales published by the ABA
  • Co-author of the debtor-in-possession financing chapter of Reorganizing Failing Businesses, published by the ABA

Mr. Dillman is consistently acknowledged for his excellence. He is recognized by Chambers USA for his Bankruptcy/Restructuring work in California and named a 2021 Rising Star in the Bankruptcy industry by Law360.

Experience

Mr. Dillman’s experience includes advising:

Debtor Representations and Out-of-Court Company Restructuring
  • Sycamore Partners, as sponsor and majority owner, in the financial restructuring through a one-day pre-packaged bankruptcy of Belk, a US department store chain
  • Global Eagle Entertainment, a leading global provider of entertainment, connectivity, and data analytics to the airline, cruise, and other markets, in its chapter 11 cases and sale process
  • Lucky Brand Dungarees, a contemporary premium apparel and lifestyle brand, in its chapter 11 cases and going-concern sale transaction
  • Sienna Biopharmaceuticals, a biopharmaceutical and biotechnology company, in its chapter 11 case and sale process
  • Britax Römer Group, the UK-headquartered child seat, pushchair, and bike seat manufacturer and distributor on its debt and equity restructuring
  • Technology and accessories consumer products business in connection with its out-of-court restructuring and recapitalization
  • Allen Systems Group, a leading software and service provider, in its prepackaged chapter 11, named Turnaround of the Year: Mid-Size Company by the Turnaround Management Association
  • Freedom Communications in its successful reorganization through chapter 11
  • Traffic Control and Safety Corporation in its section 363 bankruptcy sale
  • An auto manufacturer in connection with its out-of-court wind-down
Noteholder Groups and Creditors
  • The ad hoc committee in relation to the restructuring of Deoleo, S.A., a Spanish headquartered and global olive oil production and distribution business, involving Spanish and US processes, new rights issue, and complex intra-group reorganization with business and asset hive down and partial debt for equity swap
  • Simon Property Group in the Sears Holdings chapter 11 cases
  • DDJ Capital Management-led noteholder group and debtor-in-possession lenders in the Real Alloy chapter 11 cases (including successful purchase of all assets via credit bid)
  • DDJ Capital Management in the Optima Specialty Steel chapter 11 cases
  • Official Committee of Unsecured Creditors in the Energy XXI chapter 11 cases
  • Oaktree Capital Management-led noteholder group in the Rural/Metro Corporation chapter 11 cases
  • Eduardo Saverin in the sale of substantially all of the assets of Jumio Inc., named Restructuring Community Impact Deal of the Year by M&A Advisor
  • Secured print and advertising lender in the Relativity Media chapter 11 cases
  • Secured lender syndicate agent in the out-of-court restructuring of a major equipment maintenance company servicing US ports
Distressed Mergers and Acquisitions
  • Major Hollywood studio as a potential bidder for the assets of The Weinstein Company (section 363 bankruptcy sale)
  • Mattel in its acquisition of Fuhu (section 363 bankruptcy sale)
  • Toshiba Corporation in its acquisition of OCZ Technology (section 363 bankruptcy sale)
  • Prana Studios in its acquisition of Rhythm and Hues (section 363 bankruptcy sale), named 363 Sale of the Year (Between US$10 million and US$50 million) by M&A Advisor
  • Strategic buyer in its acquisition of substantially all of the assets of a leading cosmetics company (UCC Art. 9 foreclosure sale)
Real Estate Workouts
  • Secured lender in the bankruptcy of Centurion Properties III
  • Secured lender in the bankruptcy of the San Jose Holiday Inn
  • Secured lender in the bankruptcy of the Los Angeles Marriott Hotel
  • Secured lender to the Metropolitan Project (Los Angeles) in the bankruptcy of the project’s real estate developer
  • Secured lender in out-of-court restructuring of multiple golf course properties in California and Arizona

Thought Leadership

  • US Supreme Court Clarifies Treatment of Rejected Trademark Licenses and Other Executory Contracts in Bankruptcy -  June 24, 2019
  • Weinstein Bankruptcy Decisions Find Talent Agreement Non-Executory, but Post-Closing Obligations Must Be Honored -  February 14, 2019
  • Rejecting Trademark Licenses in Bankruptcy: In re Tempnology -  January 10, 2017
  • Castillo: Creditor’s Right to Post-Petition Attorneys’ Fees Confirmed, but Not Post-Petition Interest -  July 01, 2013
  • Intellectually Bankrupt?: The Comprehensive Guide to Navigating IP Issues in Chapter 11 -  June 24, 2013
  • Getting Something For What You Give—The Emerging Trend in the New Value Defense -  February 01, 2012
  • Corporate Fiduciary Liability to Creditors and Interested-Director Transactions: Two Key Distinctions Between California and Delaware Fiduciary Duty Law That Come Under Scrutiny During Insolvency -  February 01, 2012

“Excellent communication skills”

“A tireless worker, creative and experienced”

Chambers USA 2020
Bar Qualification
  • California
Education
  • JD, University of Southern California Gould School of Law, 2008
    Southern California Law Review
  • BA, University of California, Berkeley, 2005
    Phi Beta Kappa; High Distinction & Departmental Honors
Industries
  • Retail & Consumer Products
Practices
  • Real Estate
  • Restructuring & Special Situations
  • Private Equity Finance
  • Capital Markets
  • Banking
  • Private Equity
  • Derivatives