Fox Rothschild Selected To Represent Unsecured Creditors Committee in Fontainebleau Las Vegas Chapter 11 BankruptcyJuly 6, 2009 – Press Releases
Fox Rothschild LLP has been selected to represent the unsecured creditors committee in the Fontainebleau Las Vegas LLC Chapter 11 bankruptcy case filed in Miami, Florida on June 9, 2009. The firm will serve as co-counsel with Genovese, Joblove & Battista, P.A.
The casino-resort developer Fontainebleau Las Vegas LLC and two of its affiliates – Fontainebleau Las Vegas Holdings LLC and Fontainebleau Las Vegas Capital Corp. – filed bankruptcy petitions on June 9 after litigation surrounding contractual disputes with lenders forced them to shut down construction of the Las Vegas project. The companies failed to get lenders, including Bank of America, JPMorgan Chase Bank and Deutsche Bank Trust Co. Americas, to provide about $800 million in construction funding to complete the $2.9 billion property.
The Fox Rothschild team working on this case will include Michael Viscount, a partner resident in the firm's Atlantic City office; Josephina Fernandez McEvoy, a partner in the Los Angeles office.
The Fontainebleau project is currently about 70 percent complete and was scheduled to open in October 2009. Arguments by the banks were submitted on July 1, with the response by Fontainebleau scheduled to be submitted by July 7.