Jonathan Marshall has over a decade of experience advising financial institutions and companies in a range of complex financial transactions, with a concentration on corporate restructurings and loan workouts. He specializes in advising first- and second-lien lenders, troubled companies, and other strategic parties in both in- and out-of-court restructurings. Jonathan also has substantial experience representing insurance providers throughout the bankruptcy process.
Jonathan advises clients primarily on creditor-side representations in all facets of Chapter 11 restructurings, as well as complex litigation and corporate transactions arising therefrom. He has supported and contested bids for debtor-in-possession financing and prosecuted and defended avoidance actions, from the filing of complaints to the settlement and trial stages. He also has experience representing companies in out-of-court restructurings across a wide array of industries.
Jonathan is active in the bankruptcy community, having served on the ABI Emerging Insolvency Professionals Committee, as a co-chair for various subcommittees of the Boston Bar Association Bankruptcy Section, and as a contributing author for Bloomberg Law on Bankruptcy.
Jonathan’s clients include SLR Credit Solutions, Second Avenue Capital Partners, Citizens Bank, Wells Fargo Bank, Pathlight Capital, and Liberty Mutual Insurance Company.
- Chambers USA: “Up and Coming” (2022-2023)
- Boston Magazine Top Lawyer in Bankruptcy and Workout (2021-2022)
- Massachusetts Super Lawyers: “Rising Star” (2013-2021)
- Massachusetts Super Lawyers
Represent first- and second-lien lenders and agents in connection with a number of Chapter 11 bankruptcies in the retail sector. Notable cases include: Brooks Brothers, Barneys New York, J. Crew, Sears, Payless, Pier 1, True Religion, and Gymboree.
Represent insurers in numerous bankruptcy cases, including mass tort bankruptcy cases, throughout United States relating to collateral, surety, and premium disputes, as well as advising on procedures for resolving coverage disputes. Notable cases include: Boy Scouts of America, Neiman Marcus, Pacific Gas & Electric Company, Mallinckrodt, Insys Therapeutics, ITT Educational Services, and USA Gymnastics.
- Represent agents and participants in workouts and out-of-court restructurings involving the food and transportation industries.
- Represent buyers and purchasers in Section 363 sales across a broad range of industries, including food, retail, and energy.
- Represented consortium of second lien secured noteholders, as well as their indenture trustee, in the Chapter 11 proceedings of Energy Future Holdings, then the largest energy producer in Texas.
- Represented a consortium of institutional investors in state court litigation with a major retailer regarding an alleged default under multiple tranches of debt.
- Represented post-confirmation litigation trusts prosecuting a number of preference and fraudulent conveyance actions. Notable cases include: Lyondell Chemical Company and Green Field Energy Services.
- Represented consortium of preferred shareholders in the Chapter 11 proceedings of Washington Mutual, representing the largest bank failure in U.S. history.
Publications and Presentations
- "Emerging Leaders Program," speaker, ABI Northeast Conference, July 2018.
Professional and Community Involvement
- Volunteer Lawyers Project of the Boston Bar Association
- ABI Emerging Insolvency Professionals Committee
- Co-Chair, Public Service Subcommittee, Boston Bar Association Bankruptcy Section
- Pro Bono Honor Roll for the United States Bankruptcy Court for the District of Massachusetts
Education & Credentials
- Syracuse University College of Law
- JD, 2010, summa cum laude
- Maxwell School of Citizenship and Public Affairs
- MA, 2010
- S.I. Newhouse School of Public Communications
- MS, 2010
- Texas A&M University
- BA, 2006
U.S. District Court and Bankruptcy Court for the District of Massachusetts
U.S. District Court and Bankruptcy Court for the Southern District of New York
Representing Bank of America in connection with debtor-in-possession financings for Rite Aid Corporation and its subsidiaries, Choate secured final court approval for the largest ever retail and consumer product sector debtor-in-possession financing on December 22, 2023.
Choate represents Citizens Bank in connection with the bankruptcy proceeding of U.S. trucking firm Yellow Corp., which filed for Chapter 11 bankruptcy protection in federal bankruptcy court in Delaware on Sunday August 6, 2023.
The 2023 edition of Chambers USA Guide to America’s Leading Lawyers for Business recognized 16 practice areas and 31 Choate attorneys as leading counsel in their fields, with six receiving Band 1 rankings, three receiving nationwide recognition, two global recognitions, and two senior statesmen.
Six Choate attorneys - Courtney Carr, Dallas Cruz, Lyndsey Kruzer, Jonathan Marshall, Samuel Rudman, and Tobin Sullivan - have been elected to partnership of the firm, effective January 1, 2023.