Represented Syncora Holdings Ltd. through Chapter 9 Case
Travis represented Syncora Holdings Ltd. and some of its subsidiaries in connection with Detroit's Chapter 9 case, the largest-ever municipal bankruptcy filing. Syncora, through subsidiaries, insured or held a substantial amount of Detroit's municipal finance debt obligations. After more than a year of significant litigation regarding multiple elements of Detroit's bankruptcy filing and proposed plan of adjustment, Syncora and the city entered into an innovative settlement resolving all outstanding issues between the parties, delivering substantial value to Syncora and its subsidiaries, and creating the foundation for Syncora's long-term partnership with Detroit. This agreement included real estate developments and other investments.*
*Representation prior to joining Dinsmore & Shohl