Douglas R. Gooding
Chambers USA
Doug Gooding is the chair of the firm's Finance & Restructuring Group. He is also a former member of the firm's Hiring Committee.
Mr. Gooding is listed in Chambers USA, Guide to the World's Leading Insolvency and Restructuring Lawyers, Best Lawyers in America and Massachusetts Super Lawyers.
Practice Focus
Finance: debtor-in-possession lending; representation of second lien and mezzanine debt in complex restructurings.
Creditors’ Rights & Bankruptcy: extensive experience in bankruptcy, insolvency matters and out of court workouts. Advises boards of directors on “zone of insolvency” issues and pre bankruptcy planning. Has represented troubled companies including public companies and start ups. Extensive representation of creditors’ committees and individual creditors, including several Fortune 500 financial institutions and insurers.
Representative Engagements
- Representation of insurers in numerous bankruptcy cases throughout US relating to surety and premium disputes as well as alleged asbestos, toxic tort and hazardous waste liabilities.
- Lead counsel to Creditors’ Committee in case with over $1 billion in debt.
- Lead counsel to portfolio company of private equity firm in out of court restructuring of company operating sleep study centers.
- Counsel to holders of $50 million in sub debt which commenced involuntary bankruptcy proceeding against manufacturer of household appliances.
- Lead lawyer in several reported decision, including:
Liberty Mutual Insurance Co v. Greenwich Insurance Co, 1st Cir
Fish Market Nominee Corp v. Pelofsky et al., 1st Cir
In re Moon, SDNY - Representation of software companies in cases throughout the country in efforts to protect and enforce rights under licenses.
- Lead counsel of a debtor in successful reorganization in web based business.
- Representation of sellers and purchasers of businesses in bankruptcy in industries ranging from retail, auto parts, home health care, food, photo imaging and advertising.
- Representation of retailers in workout matters and pre bankruptcy planning.
Publications and Presentations
- “Lessons From In Re Hydrogen LLC," co-author, Law360, May 2010.
- “Viewpoint: Court Ruling Endangers ‘Credit Bidding’,” co-author, American Banker, April 2010.
- “The Evolution of Credit Bidding,” co-author, Law360, Finance section, February 2010.
- “Lessons from General Growth Properties,” co-author, Law360, Bankruptcy section, August 2009.
- “Surviving the Credit Markets and Succeeding in a Turnaround,” co-author, Bloomberg Law Report: Banking & Finance, May 2009.
- “Credit Market Exposure,” panelist, Periscopes Up: Managing Your Company in Turbulent Economic Waters, November 2008.
- "Chief Restructuring Officer: Coming to a Company Near You?," co-author, ACC Northeast Chapter Quarterly Newsletter, Quarter 2, 2008.
- "The Role of a Chief Restructuring Officer," co-presenter, Boston Bar Association Business Law Section Meeting, February 2007.
Professional and Community Involvement
Mr. Gooding is an active member of the Massachusetts and Boston Bar Associations. He is currently co-chair of the Bankruptcy Practice and Procedures Subcommittee of the Boston Bar Association. Mr. Gooding is active in pro bono matters and the BBA’s Financial Literacy program. Mr. Gooding is a frequent lecturer and participant on educational panels relating to bankruptcy and insolvency. Mr. Gooding lives in Beverly, Massachusetts where he has been a youth soccer coach for the past four years.