Counseled Klausner Lumber Two LLC through Chapter 11
Travis represented Klausner Lumber Two LLC, owner of a state-of-the-art sawmill located in North Carolina, in its Chapter 11 case before the U.S. Bankruptcy Court for the District of Delaware. Klausner Lumber Two sold its assets for more than $85 million during its Chapter 11 case. Travis’s role included assisting Klausner Lumber Two in securing access to its postpetition financing, settling numerous claims, securing confirmation of a Chapter 11 plan, and assisting Klausner Lumber Two’s independent director in an investigation, and ultimate settlement, of related-party claims and causes of action. Klausner Lumber Two’s case was awarded the 2022 Cross Border Special Situation M&A Deal of the Year Award (sm) from The Turnaround Atlas Awards and the 2022 Small Company Turnaround/Transaction of the Year award by the Turnaround Management Association.