Nicholas J. Cremona

Partner

New York
T +1.212.589.4682
F +1.212.589.4201

Overview

In his practice focusing on bankruptcy litigation and debtors' and creditors' rights, Nick Cremona dedicates himself to fully understanding the matters in which his clients are involved, ensuring that the best strategies are crafted given the facts and circumstances. He is available to address the most urgent needs of his clients and effectively communicates those needs to an audience, whether during court proceedings or out-of-court restructurings. Nick is skilled at negotiating and harmonizing divergent views and interests on behalf of various constituents including debtors, secured creditors, unsecured creditors, committees and fiduciaries.

Select Experience

  • Is part of the BakerHostetler team representing Irving H. Picard, the Securities Investor Protection Act trustee for the liquidation of Bernard L. Madoff Investment Securities LLC and the consolidated estate of Bernard L. Madoff, in connection with Madoff's Ponzi scheme.
  • Represented the secured lender in connection with the sale of two commercial buildings in Manhattan for $180 million. The contested sale was completed through a prepackaged chapter 11 plan that was confirmed in 75 days.
  • Represented the administrative agent for the prepetition and post-petition of secured lenders in Fairpoint Communications.
  • Represented the administrative agent for the prepetition and post-petition of secured lenders in SemGroup.
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Experience

  • Is part of the BakerHostetler team representing Irving H. Picard, the Securities Investor Protection Act trustee for the liquidation of Bernard L. Madoff Investment Securities LLC and the consolidated estate of Bernard L. Madoff, in connection with Madoff's Ponzi scheme.
  • Represented the secured lender in connection with the sale of two commercial buildings in Manhattan for $180 million. The contested sale was completed through a prepackaged chapter 11 plan that was confirmed in 75 days.
  • Represented the administrative agent for the prepetition and post-petition of secured lenders in Fairpoint Communications.
  • Represented the administrative agent for the prepetition and post-petition of secured lenders in SemGroup.
  • Represented the administrative agent for the prepetition of secured lenders in American Home Mortgage.
  • Represented the chapter 7 trustee in Winstar Communications.
  • Represented the legal representative for future asbestos health claimants in Armstrong World Industries and USG Corp.
  • Represented the debtors in Nutritional Sourcing Corp., Integrated Health Services Inc. and Spinnaker Industries Inc.
  • Represented the debtor-in-possession (DIP) lenders to the Penn Traffic Co.
  • Represented the DIP lenders to St. Mary's Hospital, Passaic, New Jersey.
  • Represented the asset acquirer in the Our Lady of Mercy Medical Center chapter 11 case.

Recognitions and Memberships

Recognitions

  • New York Metro "Super Lawyer" (2015 to 2017)

Memberships

  • American Bankruptcy Institute
  • Turnaround Management Association
  • American Bar Association

News

News

Pro Bono

  • Working with inMotion, a foundation that provides free legal services to low-income women, provided counsel in connection with obtaining an uncontested divorce for a client.

Admissions

  • U.S. District Court, Eastern District of New York
  • U.S. District Court, Southern District of New York
  • New York
  • New Jersey

Education

  • J.D., St. John’s University School of Law, 1999, Executive Notes and Comments Editor, American Bankruptcy Institute Law Review
  • B.A., State University of New York at Albany, 1996, magna cum laude