Daily Record FINANCIAL NEWS &
MONDAY, APRIL 9, 2018
VOL. 105, NO. 101 • ONE SECTION
35¢ www.jaxdailyrecord.com
LAW WEEK PREVIEW
A day is not enough
Chapter 11 hearing for SEG is May 14 Winn-Dixie parent will issue stock to repay debt in reorganization. It hasn’t even been two weeks since Southeastern Grocers LLC filed its Chapter 11 bankruptcy petitions, but the company already has a confirmation hearing scheduled. U.S. Bankruptcy Judge Mary Walrath will hold the confirmation hearing for Southeastern’s prepackaged reorganization plan May 14 in her Wilmington, Delaware, courtroom. Southeastern, Jacksonvillebased operator of Winn-Dixie and three other supermarket chains, will issue stock to pay off $522 million in notes in the reorganization. The plan was approved by holders of 80 percent of the notes before the March 27 filing. In fact, Southeastern began soliciting votes from creditors March 15 to approve the plan, according to a notice filed for the confirmation hearing. The notice also says the usual creditors meeting in a bankruptcy case, under Section 341 of the Bankruptcy Code, will not be held before May 28, and if the plan is confirmed before that date, there will be no creditors meeting at all. Southeastern expects to continue operating about 580 stores in seven states under the WinnDixie, Bi-Lo, Harveys and Fresco y Más banners when it emerges
Photo by Max Marbut
Members of the Jacksonville Bar Association Law Week Committee met Thursday to discuss plans for the annual Law Week events that will lead up to the association’s Law Day membership luncheon May 2. From left, seated, committee Vice Chair Kelli Lueckert, Chair Cyndy Trimmer and Lauren Johnston. Standing: Michael Lockamy, Kathy Para, Ingrid Osborn, Tony Constantini, Chelsea Winicki and Michael Bateh.
Jacksonville Bar Association preparing for Law Week.
CANDIDATE PROFILES
By Max Marbut Associate Editor
Members of the Jacksonville Bar Association will select from eight candidates to elect by May 2 a presidentelect and members for five seats on the organization’s board of governors. Page 4.
In 1958, President Dwight Eisenhower established Law Day as a day of national dedication to the principles of government under law. Three years later, Congress designated May 1 as the annual date of observance. The American Bar Association selects a theme each year. For 2018 it’s “Separation of Powers: Framework for Freedom.”
The Jacksonville Bar Association’s tradition expands on the idea with a schedule of events that begins almost a month before Law Day to allow its members to connect with students and prospective U.S. Citizens, as well as each other. The culmination of the local observance is the association’s annual Law Day luncheon, this year on May 2. Members and guests will gather to contemplate how the separation of powers among the LAW WEEK
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Foley & Lardner joins forces with Gerdere Wynne Sewell Combined law firm has nearly 1,200 attorneys in 24 offices. By Max Marbut Associate Editor The Foley & Lardner law firm, based in Milwaukee and with an office in Jacksonville, has joined forces with the Texas-based law
firm Gardere Wynne Sewell. The arrangement creates a firm with 1,170 attorneys in 24 offices and combined revenue of $830 million. “The effect in the Jacksonville office is that we will be better able to serve our clients who also have Texas operations,” said Kevin Hyde, Foley partner in Jacksonville. The combined firm will be
called Foley Gardere in Austin, Dallas, Houston and Denver and Foley Gardere Arena in Mexico City. All other offices will operate as Foley & Lardner LLP. Foley will expand geographically in service areas including corporate, intellectual property, government relations, financial restructing and litigation. The firm’s energy practice also will expand in oil, gas and renew-
ables as well as infrastructure and project finance. Foley now has a presence in Texas, Colorado and Mexico City, while Gardere has entered markets in the Midwest, East and West Coasts and Florida, as well as Belgium and Tokyo. The firms combined have 480 corporate attorneys, 385 litigators, 190 attorneys who practice primarily in intellectual property
and 144 whose practice is focused on energy. “In short, Foley and Gardere are better together,” said Foley Chairman and CEO Jay Rothman in a news release. “As the demand for legal services evolves, so must the legal providers,” he said. mmarbut@jaxdailyrecord.com (904) 356-2466
The Marbut Report: Abel and Bean launch office Former Holland & Knight partners specialize in civil litigation.
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