Sidley Secures Confirmation of Chapter 11 Plan for Casa Systems

Sidley successfully led the Chapter 11 cases for Casa Systems, Inc., a telecommunications hardware and software company with approximately US$183 million in funded debt and operations across more than 10 countries, which culminated with the fully consensual, uncontested confirmation of its Chapter 11 plan in the U.S. Bankruptcy Court for the District of Delaware. Casa Systems’ Chapter 11 cases were completed in 65 days and resulted in going-concern sales of the company’s 5G mobile core/RAN and cable businesses across multiple jurisdictions, a global settlement providing for recoveries to the company’s unsecured creditors, and the preservation of hundreds of jobs. A global cross-section of the Sidley team will continue to work with Casa Systems in connection with the orderly winddown of multiple international subsidiaries. The matter involves lawyers and staff from the New York, Chicago, Los Angeles, Century City, Houston, Dallas, Washington, D.C., Palo Alto, Miami, Beijing, Shanghai, Singapore, Hong Kong, London, and Munich offices.

The Sidley team includes Steve Hessler, Pat Venter, Andrew Townsell, Julia Philips Roth, Maggie Alden, Ryan Fink, Veronica Courtney, Chelsea McManus, Jake Landreth, Sean Nuernberger, Ralph Rabinowitz, Joshua Lee, Nelly Rakowski, and law clerk Samson Su (Restructuring); Kelly Dybala, Sean Damm, Pietro Fontana, Reid McKinney, and Corey Bopp (Global Finance); William Howell, Courtney Gilberg, Ruchun Ji, Ling Chen, Marcos Alvarez, Jing Peng, J.D. Swancoat, Pedro Sacadura Botte, Micaela Hannah, Laura Persin, and John Walker (M&A); Johnny Skumpija (Capital Markets); Peter McCorkell, Kate Roberts, Aimee Mackay, Emily Wajert, Alex Down, Carolyn Ayaub, and Nicole Kwan (Labor, Employment and Immigration); Lauren Grau, Marketa Lindt, Imani Lee, Zach Johnston, and Garrett Sciortino (Technology and Life Sciences Transactions); Tara Lancaster, Tyler Combest, and Aaron Mitchell (Tax); Mary Niehaus, Gregory Matisoff, and Joanna Janica (Employee Benefits and Executive Compensation); Penny Reid, Barret Armbruster, Mitchell Alleluia-Feinberg, Ernesto Claeyssen, Kathrine Maldonado, Mikayla Culbertson, and Erica Mellon (Litigation); Walter Carlson (Securities and Shareholder Litigation); Vadim Brusser, and Edward Sharon (Antitrust and Competition); Desmond Ang, Jim Mendenhall, Carys Golesworthy, and Sophia Tong (Global Arbitration, Trade and Advocacy); Craig Francis Dukin, Paige Montgomery, Yuet Ming Tham, and Felicia Ng (White Collar Defense and Investigations); Willian Long, Ash Nagdev, and Denise Kara (Privacy and Cybersecurity); Katie Klaben (Securities Enforcement and Regulatory); and Trevor Wear (Healthcare).