Entertainment Insolvencies



David has extensive experience representing every constituency in entertainment restructurings and bankruptcies.


Carolco Pictures:

The company was an independent producer of motion pictures that produced some of the highest revenue grossing motion pictures ever made, including Terminator 2: Judgment DayTotal RecallCliffhangerBasic Instinct, and Rambo: First Blood Part II.  After an unsuccessful out of court restricting, the company elected to liquidate its assets in a chapter 11 case. David assisted in consummating the sale of the existing film library to Canal Plus, and then assisted in consummating the sale of the company’s prequel, sequel and remake rights, including the right to produce Terminator 3. The bankruptcy case was very successful and resulted in satisfaction of substantially all of the company’s debt.


The company owned the rights to the highly successful Terminator motion picture franchise and produced the feature film Terminator: Salvation. David helped negotiate and consummate the sale of the Terminator sequel, prequel and remake rights.

Shooting Gallery:

David represented Natexis Banques Populaires, the secured lender to an independent producer and distributor of motion pictures. After the company ceased operation without warning, David worked with the lender to maximize the value of its collateral in both a state court receivership and chapter 11 case.

Franchise Pictures:

The company was an independent producer of motion pictures that filed for bankruptcy. David represented Warner Brothers, which distributed the company’s films. David aggressively protected Warner’s rights in the case to ensure that Warner’s distribution rights were not affected by the bankruptcy case and resulting sale of the company’s assets.

Passport International Entertainment:

David representing the bankruptcy trustee of a production company that created programming for home video/DVD distribution and licensing to television and cable networks. During the bankruptcy case, David negotiated and consummated a sale of the film library.


David represented the co-owner of rights in the James Bond motion picture franchise in the MGM bankruptcy case. David negotiated modifications to the MGM reorganization plan that protected Danjaq’s licensing and distribution rights.