Brian L. Davidoff

Partner

T:
310.201.7520
F:
310.201.2328

Profile

Partner and Chair, Bankruptcy and Financial Restructuring Group

Brian Davidoff tackles his clients’ problems with experience, drive, and focus. He helps middle-market companies and their principals navigate difficult financial waters. Brian also guides lenders, creditors, and vendors seeking to maximize their recoveries, and represents buyers and sellers of distressed assets.

His early experience as a corporate attorney allows him to address both insolvency and business needs of his clients. Frequently, he acts as general counsel to both distressed and thriving businesses, advising them on their business growth, financings, and M&A activity.

Accomplishing your objective.

“If you’re having difficulty figuring out how to deal with your company’s financial distress, seeking to recover funds from a financially troubled company, or looking to buy assets of a financially distressed seller, I work with you to devise the right strategy to accomplish your objective,” he says.

 “I often get involved in high-stress situations. Clients’ livelihoods and their companies are at stake and they put a lot of trust in you. The process can be complex and uncertain. Helping my clients understand the component pieces of the process along the way is very important. It is also difficult at the outset to predict the final outcome of a restructuring, however, by working closely with my clients I build a partnership that dramatically increases the chances of a successful result.”

For example, Brian knew what was at stake for a downtown Los Angeles furniture manufacturer and retailer that ran into financial distress. The company founder and owner knew that the livelihoods of over 200 workers depended on the ongoing success of the business. “We were able in the course of a chapter 11 reorganization to restructure the balance sheet and re-negotiate the senior credit facility with the lender. The company survived, the owner again has a successful business, and the jobs of the hundreds of workers were saved.”

Restoring a level of confidence. 

Brian has succeeded for his varied clients—cutting across industries and objectives—by bringing a high level of skill, integrity, and commitment to the process.

“When representing a company going through a restructuring, you quickly learn that the client is often taking fire from different quarters because creditors have lost money and typically no one is happy. A critical aspect of a restructuring is to restore a level of confidence and integrity in the business operations,” he says. “This usually goes far in gaining the confidence of judges and other key stakeholders, including creditors, lenders, vendors and employees.”

With over thirty years’ experience in counseling his clients on their varied business issues, specifically in restructuring and bankruptcy, Brian has built a wealth of collegial relationships.  

“In Southern California we repeatedly appear before the same bankruptcy judges and having credibility with the court is important, as is having credibility with other professionals in the restructuring and bankruptcy community with whom you may be adverse from time to time in client matters. In such a high-stress situation credible relationships can be vitally important and often enables you to work through difficult issues.”

Collaborating with other professionals.

 Also important in reaching the best results for his clients is the breadth and depth of Brian’s Greenberg Glusker colleagues in other practice groups.

“It is common in a bankruptcy or restructuring case that I collaborate with my corporate, real estate, employment, litigation, or entertainment partners. In this way I can bring the various legal skills needed to properly guide the client. Outside of my law firm, I often work with financial and operational restructuring professionals to bring a complete approach to addressing the client’s issues.”

Brian’s passion outside of the practice of law is competing in triathlons. He says, “This takes a significant level of dedication and commitment. I bring this same commitment to resolution of my client’s issues.”

Brian has been married over 30 years and has two adult daughters, who enjoy competing with Brian in his athletic endeavors.

Representative Transactions

  • Represented textile company in the acquisition of a new business in a 363 sale
  • Represented visual effects company in financing and sale through section 363 of the Bankruptcy Code 
  • Represented debtor in reorganization of construction company to create $250 million trust to resolve asbestos liabilities
  • Represented specialty lender in connection with a $60 million refinancing
  • Represented buyer of assets structured through a foreclosure
  • Represented liquidating trustee in pursuit of claims against officers and directors
  • Represented manager of LLC in dispute and dissolution of LLC
  • Represented health and beauty supply company in connection with reorganization and sale of assets
  • Represented companies with stock option plans
  • Advised company in connection with $10 million venture capital investment
  • Represented hospital in connection with restructuring
  • Represented independent movie company in connection with restructuring and sale of library
  • Represented printing company in add-on acquisitions
  • Advised investor in $10 million investment into a media company
  • Represented buyer of assets from insolvent company
  • Advised company in connection with negotiation and documentation of an exclusive supply agreement
  • Represented real estate debtor in the sale of over $250 million of assets as part of restructuring
  • Represented buyers in Section 363 bankruptcy sales and assignments for benefit of creditors
 

Speaking Engagements

  • Association of Corporate Counsel
  • Moderator, ACG Los Angeles Restructuring Panel, October 2014
  • Alliance of Merger and Acquisition Advisors
  • Association of Corporate Counsel, Southern California
  • Association of Corporate Growth, Los Angeles
  • Beverly Hills Bar Association
  • California Law Business
  • Century City Chamber of Commerce
  • Culver City Bar Association
  • Lorman Educational Seminars
  • Los Angeles Bankruptcy Forum
  • International Society of Primerus Law Firms
  • Provisors Legal Affinity Group
  • National Business Institute
  • National Conference of Bankruptcy Judges
  • University of California Los Angeles, Paralegal Training Program
  • University of Southern California Entrepreneur Program

Accolades

  • Ranked, Chambers and Partners USA, California, Bankruptcy/Restructuring, May 26, 2017
  • Listed, "2017 Bankruptcy Lawyer of the Year," Century City Bar Association, January 2, 2017
  • Listed, "Best Lawyers in America," Litigation- Bankruptcy, 2017- 2018
  • Listed, "Top 100 Southern California Super Lawyers," 2015
  • Rated, "AV Preeminent 5.0 out of 5," Martindale Hubbell
  • Listed, "Southern California Super Lawyers" in Business Bankruptcy & Creditor/Debtor Rights, 2006-2017
  • Listed, "Top 100 Southern California Super Lawyers," 2010

Media Commentary

Holiday Season Won't Contain 'Retail Apocalypse', Law 360, November 22, 2017
21 Greenberg Glusker Fields Claman & Machtinger LLP attorneys named to 2018 Best Lawyers® list, August 15, 2017
Bachrach Men’s Stores to Exit Bankruptcy Soon, Apparel News, August 10, 2017
Takata Ch. 11 Tort Committee Has Tough Road Ahead, Law 360, July 10, 2017
Chambers USA 2017 Ranks Greenberg Glusker’s Entertainment Litigation and Environmental Practices, May 6, 2017
Bachrach Clothing Stores File for Bankruptcy Protection in Los Angeles, California Apparel News, May 4, 2017
Bank of America Must Pay $46 Million for Improper Foreclosure, Los Angeles Daily Journal, March 28, 2017
'Silence' Producer Accused of Inflating the Value of Assets in Bankruptcy Dispute, The Hollywood Reporter , February 21, 2017
Titans of Mavericks Bankruptcy Isn’t Off to Promised Quick Start, The Wall Street Journal, February 13, 2017
Downturn in Bankruptcy Filings in 2016 Part of Long Trend, Los Angeles Daily Journal, January 27, 2017
5 Ways For Bankruptcy Attys To Nail Their First­Day Motions, Law 360, July 18, 2016
Chambers USA 2016 Rankings Recognizes Greenberg Glusker and Six Partners , June 9, 2016
What's Keeping Bankruptcy Attorneys Up At Night, Law 360, May 27, 2016
Attorneys React To High Court's Bankruptcy Fraud Ruling, Law 360, May 16, 2016
CH. 11 Rules Stacked Against PacSun'S Reorg, Law 360, April 7, 2016
Litigation Funders Find Opportunity in Bankruptcy, Los Angeles Daily Journal, January 27, 2016
Greenberg Glusker Guides Imaging3 Inc. Through Multiple Bankruptcy Appeals, Los Angeles Business Journal, January 18, 2016
23 Greenberg Glusker Attorneys Named to Super Lawyers 2016, January 22, 2016
Bidding for Relativity Media is expected to be muted, October 01, 2015
Relativity Bankruptcy: Can One Film Lender Pry Away the Rights to ‘Masterminds’?, Variety, August 20, 2015
Relativity Media Puts Brakes on Hurried Sale Process, The Wall Street Journal (Subscription Required), August 14, 2015
Relativity Bankruptcy Auction: Speed Is an Issue (EXCLUSIVE), Variety, August 5, 2015
Experts: Drought Could Reverse Downturn in Bankruptcies, Los Angeles Daily Journal, July 31, 2015
Convent, Katy Perry at Center of L.A. Archdiocese Dispute, Los Angeles Daily Journal, July 21, 2015
Chambers USA 2015 Ranks Greenberg Glusker’s Entertainment Litigation and Environmental Practices, July 9, 2015
"Wellness" Has Made Us Better, General Counsel News [Powered by JD Supra], May 27, 2015
“Wellness” Has Made Us Better, Small Enough To Fail, May 27, 2015
Will “Wellness” Make Us Better?, Small Enough to Fail, May 21, 2015
Court Approves Prana's Acquisition of Rhythm & Hues, The Hollywood Reporter, March 29, 2013
Rhythm and Hues: Former Officers Sued for Questionable Transactions, The Los Angeles Daily Journal, March 25, 2015
Tactical Intermediate Secures Confirmation, The Deal Pipeline, November 14, 2014
Trending In Bankruptcy: Quick Section 363 Sales, Corporate Counsel, October 29, 2014
Greenberg Glusker Client Samtech, LLC Acquires Massif Mountain Gear Company L.L.C., August 26, 2014
Greenberg Glusker Debuts Small Enough to Fail, a New Blog Focused on Bankruptcy Issues Affecting Middle Market Companies in Southern California, January 27, 2014
Greenberg Glusker Wins Court Approval For Imaging3, Inc. Plan, July 17, 2013
In Sluggish Bankruptcies, fees balloon, Los Angeles Daily Journal, July 8, 2013
Bankruptcy filing would forestall Schermerhorn auction, The Tennessean, June 7, 2013
Rhythm & Hues loses its 'stalking horse' bidder, L.A. Biz, May 20, 2013
After Rhythm & Hues sale, legal questions still linger, Los Angeles Daily Journal, April 1, 2013
Rhythm & Hues Acquired by Affiliate of Prana Studios, Inc., Movie City News, March 29, 2013
Rhythm & Hues finalizes sale to Prana Studios, The Los Angeles Times, March 29, 2013
Rhythm & Hues Asks Court to Let Auction Continue, The Wrap, March 28, 2013
Rhythm & Hues Bidder Withdraws, The Hollywood Reporter, March 9, 2013
Struggling 'Life of Pi' Special-Effects House, Rhythm & Hues, Gets Bidder, The Wall Street Journal, March 10, 2013
Rhythm & Hues Hires Houlihan Lokey, The Hollywood Reporter, February 22, 2013
Rhythm & Hues Taps Financial Advisory Firm to Help With Sale, The Wrap, February 22, 2013
Greenberg Glusker Brings Brian Davidoff and Bankruptcy, Corporate Group on Board, June 19, 2012