The Case
Neligan LLP represented New Louisiana Holdings, LLC, Cypress Health Group, LLC, and their affiliated debtors in a complex Chapter 11 proceeding in Lafayette, Louisiana. T he case involved 59 entities that either directly or indirectly owned the operations of 47 skilled nursing facilities in 7 states, or provided services to them. Prior to the bankruptcy filing, the debtors’ operations were negatively affected by a variety of operating problems, and the debtors were named defendants in over one hundred personal injury lawsuits in various stages of litigation. For almost two years Neligan LLP worked with the debtors and other parties in interest to sell the remaining business operations, resolve the personal injury claims, and negotiate and ultimately confirm a plan of liquidation that provided creditors with a substantially higher recovery than was originally anticipated. The plan was overwhelmingly supported by all stakeholders in the Chapter 11 case.