David J. Richardson

Counsel

Los Angeles
T +1.310.442.8858
F +1.310.820.8859

Overview

David Richardson is a member of the firm’s national Litigation and Bankruptcy, Restructuring and Creditors’ Rights teams. He has more than 25 years of experience in restructuring and commercial litigation, with a focus on complex litigation in bankruptcy cases, and actions against corporate insiders for prepetition or post-petition violations of fiduciary duties and related claims. He also has substantial experience with representation of committees of unsecured creditors, post-confirmation trusts, and chapter 11 debtors-in-possession, in industries as diverse as energy, telecommunications, art sales, transportation, and consumer products.

Select Experience

  • Litigating fraud and breach of fiduciary duty claims against a debtor’s principal for actions that included the post-petition diversion of more than $18 million of estate assets to a shell company created just prior to the petition date.
  • Part of the litigation team in 10-year litigation for a large utility/telecommunications client that resulted in the only insolvent utility/telecommunications bankruptcy to return to solvency, with over $100 million of litigation recoveries. The case involved three separate plaintiff’s suits against directors, officers, an investment firm, and a major law firm; defense of multiple creditor claims; and resulted in an asset pool that paid unsecured creditors and preferred shareholders in full, and paid a distribution to common stockholders.
  • Successfully reorganized six related real estate development entities with payment of all creditors in full, with interest.
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Experience

  • Litigating fraud and breach of fiduciary duty claims against a debtor’s principal for actions that included the post-petition diversion of more than $18 million of estate assets to a shell company created just prior to the petition date.
  • Part of the litigation team in 10-year litigation for a large utility/telecommunications client that resulted in the only insolvent utility/telecommunications bankruptcy to return to solvency, with over $100 million of litigation recoveries. The case involved three separate plaintiff’s suits against directors, officers, an investment firm, and a major law firm; defense of multiple creditor claims; and resulted in an asset pool that paid unsecured creditors and preferred shareholders in full, and paid a distribution to common stockholders.
  • Successfully reorganized six related real estate development entities with payment of all creditors in full, with interest.
  • Represented committee of unsecured creditors in case regarding a bankruptcy court’s authority to recharacterize a transaction, subsequently leading the Ninth Circuit Court of Appeals to reverse published case law related to the matter.
  • Successfully voided a Cook Island trust on the grounds that it had been created to fraudulently shield assets from creditors.

Recognitions and Memberships

Memberships

  • Financial Lawyers Conference
  • Los Angeles Bankruptcy Forum

Pro Bono

  • Served as general bankruptcy counsel for debtor, G.L.A.S.S. (Gay and Lesbian Adolescent Support Services).

Admissions

  • U.S. Court of Appeals, Ninth Circuit
  • U.S. District Court, Central District of California
  • U.S. District Court, Northern District of California
  • U.S. District Court, Eastern District of California
  • U.S. District Court, Southern District of California
  • U.S. District Court, Western District of California
  • California

Education

  • J.D., Stanford Law School, 1993
  • B.A., (Hons.), Queen's University (Ontario, Canada), 1986