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Am Law 100 firm with practices in Business, Digital Assets and Data Management, Intellectual Property, Labor & Employment, Litigation and Tax.

Home | BakerHostetler

FTC Issues Final Rule Banning Non-Competes

2024 BHIPP - BakerHostetler IP Perspective

Are Your Granted Patents in Danger of a Post-Grant Double Patenting Challenge?

IP Intelligence Report

World IP Day – Celebrating Innovation and Creativity to Build Our Common Future

Employment Law Spotlight

The Birth of Another Form of Paid Leave: Prenatal Leave for New York-Based Employees

J.D., Stanford Law School, 1993

B.A., (Hons.), Queen's University (Ontario, Canada), 1986

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<li><em>The Best Lawyers in America</em>®
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<li>California: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law (2022 to present)</li>
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Los Angeles

San Francisco

BakerHostetler Earns Turnaround Atlas Award for ‘Energy Restructuring of the Year’

BakerHostetler Elevates 28 Attorneys to Firm Partnership

David Richardson a Contributing Author to Remote Court Hearings Guide

Commercial Litigation

Restructuring and Bankruptcy

Business

<ul>
<li>Represented the Official Committee of Tort Claimants in the historic bankruptcy case of Pacific Gas &amp; Electric (PG&amp;E), on behalf of more than 75,000 victims of the 2017 and 2018 California wildfires, which resulted in a $13.5 billion settlement on behalf of wildfire victims, with a focus on litigation matters, plan confirmation and confirmation-related appeals.</li>
<li>Litigated fraud, breach of fiduciary duty, and 548/549 avoidance 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.</li>
<li>Part of the litigation team in 10-year litigation on behalf of the post-confirmation trust of a large utility/telecommunications company 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.</li>
<li>Served as debtor’s counsel for six related real estate development entities, and successfully reorganized the entities with payment of all creditors in full, with interest.</li>
<li>Represented committee of unsecured creditors, and then trustee, in extensive litigation against insiders concerning 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.</li>
<li>Successfully voided a Cook Island trust in federal court on the grounds that it had been created to fraudulently shield assets from creditors.</li>
<li>Represented Official Committee of Unsecured Creditors in matter concerning the subprime housing crisis in 2007 to 2008, which was featured on the news program Dateline NBC, with a focus on insider litigation and plan confirmation.</li>
<li>Prevailed at trial in California Superior Court concerning rights of secured creditor in pledged stock.</li>
<li>Represented a major electronics manufacturer in the chapter 11 case of a vendor, involving the unraveling of a massive international fraud upon creditors by the debtor.</li>
<li>Represented Official Committee of Unsecured Creditors in restructuring of California home construction firm.</li>
<li>Represented Official Committee of Unsecured Creditors in restructuring of major retailer of beauty and personal care products.</li>
<li>Represented Official Committee of Unsecured Creditors in chapter 11 case of major manufacturer/distributor of health foods and related products.</li>
<li>Represented manufacturer of electronic components in chapter 11 case of major automobile manufacturer.</li>
<li>Represented major electronics manufacturer in chapter 11 case of national retail chain.</li>
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David J. Richardson

David J. Richardson

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