PAMELA SMITH HOLLEMAN
pholleman@zag-sw.com

Pamela Smith Holleman is a partner in the Bankruptcy Group and Litigation Department of our Boston office. She is also a member of the firm�s Opinions Committee and an adjunct professor of law at Boston College Law School. Her practice is focused in the areas of business bankruptcy and insolvency, various financing transactions, including loan restructurings and workouts, and complex commercial litigation. She has represented a wide range of parties in interest including secured and unsecured creditors, investment advisors, real estate investment trusts (REITs), property owners and lessors, domestic and foreign corporations as well as purchasers of assets in bankruptcy sales. Previously, Ms. Holleman served as Group Manager, Contract Administration, Ingersoll-Rand Company, managing the contracting activities of the company�s Process Systems Group worldwide.

·Advised a publicly held REIT and its affiliates, which buy, own and lease senior citizen housing, in the creation and/or recycling of 17 "bankruptcy remote" subsidiaries in order to secure a master credit facility valued at approximately $500 million to be used for general corporate purposes

·Representing a syndicate of secured lenders, obtained consensual relief from stay order to foreclose on a 355-unit condominium property located in western Florida while contemporaneously obtaining the right to cause the debtor to seek authority to convey the property to a third-party purchaser through a bankruptcy asset sale with a negotiated payout to the debtor�s Chapter 11 estate.

·Advised the operating partnership subsidiary of a publicly held REIT in the creation of 14 special purpose "bankruptcy remote" subsidiaries to facilitate bank financing and acquisition of a portfolio of seven hotels and related franchises in a transaction valued at approximately $170 million.

·Counseled the independent system operator for the New England electric grid in the bankruptcy cases of owners and operators of power generation facilities and marketers of electricity throughout North America. Negotiated a successful settlement of disputes with the debtors and a bondholder group that purchased the debtors� interests in power plants generating 500 megawatts of capacity, ensuring the continued availability of resources critically important to the sufficiency of power generation and continuing reliability of the New England electric power system during peak summer load season.

·Guided national office supply chain in successfully resolving legal issues arising from a proposed assignment and sale or rejection of various shopping center leasehold interests in Delaware bankruptcy case of regional retailer.

·Representing the purchaser, negotiated the settlement of a multimillion dollar dispute arising from the bankruptcy sale of worldwide intellectual property rights and international assets of a multinational management consulting firm, bringing to closure a lengthy list of matters on four continents.

·Obtained favorable monetary settlement from the bankruptcy estates of a defendant and its multinational affiliates for a U.K. plaintiff that had commenced a pre-bankruptcy patent infringement action involving voice recognition software technology; and, through successive asset sales, preserved plaintiff�s rights of action against each of the purchasers in the event of any future infringement.

·Advised a REIT client, which had provided approximately $70 million in bankruptcy financing to a national health care provider, in contested Chapter 11 plan confirmation proceedings.

·Assisted the founder and former chairman of a high-tech startup in obtaining disputed directors and officers liability insurance coverage to fund defense of litigation commenced by a Chapter 7 trustee.

·In re Ocean Power Corp., No. 02-15989 (REG), 2007 WL 949598 (Bankr. S.D.N.Y. Mar. 26, 2007) (creditor did not waive right to payment on superpriority basis of principal, accrued 15% annual interest and attorneys' fees due under debtor-in-possession financing agreement).

·In re Integrated Health Services, Inc., 307 B.R. 794 (Bankr. D. Del. 2004) (client holding leasehold and mortgage interests in property sold pursuant to chapter 11 plan survives motion to dismiss its breach of contract action against debtor-seller).

·Haseotes v. Cumberland Farms, Inc. (In re Cumberland Farms, Inc.), 284 F.3d 216 (1st Cir. 2002) (debtor may set off claims for breach of fiduciary duty against corporate director, against proofs of claim filed by director in debtor's Chapter 11 case).

·In re Outboard Marine Corporation, Chapter 7 Case No. 00-B-37405 (Bankr. N.D. Ill. 2002) (creditor allowed administrative expense priority for monthly charges and costs incurred pursuant to prepetition contract).

·In re cyberMedica, Inc., 280 B.R. 12 (Bankr. D. Mass. 2002) (proceeds of debtor's directors and officers liability insurance policy may be used to finance costs of defense of adversary proceeding brought by chapter 7 trustee against former director).

·In re Evora, 242 B.R. 560 (Bankr. D. Mass. 1999), aff'd, 255 B.R. 336 (D. Mass. 2000) (debtor and creditors are bound by valuation of allowed secured claims set forth in confirmed plan).

·Massachusetts, 1998

·New York, 2007

·U.S. District Court, District of Massachusetts

·U.S. District Court, Southern District of New York

·U.S. District Court, Eastern District of New York

·U.S. Court of Appeals for the First Circuit

·U.S. Court of Appeals for the Third Circuit

·U.S. Court of Appeals for the Federal Circuit

·Ms. Holleman has appeared in bankruptcy courts across the country, including (among others) the District of New Jersey, the Southern District of New York, the District of Delaware, the Northern District of Ohio, the Northern District of Illinois and the District of Massachusetts

·"Bankruptcy Court Invalidates Springing Subordination Provisions in Credit Default Swap Transaction," American Bar Association Section of Business Law Committee on Legal Opinions (April 2010)

·"Bankruptcy Sales Create Opportunity, Traps for Unwary," New England Real Estate Journal (April 9, 2010)

·"General Growth," American Bar Association Section of Business Law Committee on Legal Opinions (January 2010)

·"Perception or Reality: What Shall We Make of General Growth?" (October 20, 2009)

·"Consensual "give-ups" in Chapter 11," S&W Client Advisory (March 4, 2009) (with William A. Levine)

·"Picking Up the Pieces," Retail Traffic Magazine (quoted) (February 5, 2009)

·"Bankruptcy & Mechanic�s Liens In Foreclosure: an Overview," Massachusetts Law Review, Vol. 91, No. 3 (October 2008) (co-author)

·"Bankruptcy-Proofing� Your Contracts," Financial Executives International Boston Chapter Newsletter (September 2008)

·"More than ever, outsource contracts need to be solid", Boston Business Journal (August 1, 2008)

·"Risk Management: 'Bankruptcy Proof' Your Transactions in an Uncertain Economic Climate," Financial Executives International Boston Chapter Newsletter (April 2008)

·Contributor to Mergers and Acquisitions: A Step-by-Step Legal and Practical Guide, Edwin L. Miller, Jr. (2008, Wiley). Co-author of Chapter 7, "Leveraged Buyouts (Structural and Tax Issues) and Acquisitions of a Troubled Business (Creditors� Rights and Bankruptcy)."

·"Bankruptcy & Mechanic's Liens In Foreclosure: an Overview," paper to be presented at Sterling Education Services, Inc. seminar, "Mortgage Foreclosures and Mechanic�s Liens" (January 23, 2007) (co-author) (publication pending).

·"Acquiring (and Preserving) Leasehold Value Under the New Bankruptcy Code Amendments," S&W Client Advisory (January 26, 2007) (with Patrick P. Dinardo)

·"Statutory Construction under BAPCPA: Living with Ambiguity, Rediscovering Judicial Discretion: Committee Information Provisions under §1102(b)(3) and Executory Contract and Lease Provisions under §§365 and 503(b)(7)", paper presented at the American Bankruptcy Institute 13th Annual Northeast Bankruptcy Conference, Newport, Rhode Island (July, 2006) (publication pending).

·"Reexamining the Protections Afforded to Solvent Shopping Center Tenants Under §365 of the Bankruptcy Code in Light of In re Trak Auto Corporation," Part I, American Bankruptcy Institute Journal, Vol. XXIII, No. 10 (December/January 2005) and Part II, American Bankruptcy Institute Journal, Vol. XXIV, No. 1 (February 2005) (co-author).

·"Servicemembers Civil Relief Act", paper presented at Bankruptcy Court Practice 2004 14th Annual Bankruptcy Court Bench Meets Bar Conference, Boston Bar Association (May 13, 2004).

·"Sullivan & Worcester LLP Represents Winning Client in Ruling that Secured Lender Is Not Liable for 'Deepening Insolvency'," S&W Client Advisory (November 2004).

·Contributor to Chapter 11 Theory & Practice: A Guide to Reorganization, James F. Queenan, Philip J. Hendel, Ingrid M. Hillinger (eds.), LRP Publications (2003). Author of chapter entitled "Priority Claims", which analyzes the treatment of administrative expenses and other priority claims in bankruptcy.

·"Bankruptcy Jurisdiction and Post-Confirmation Issues", paper presented at Massachusetts Continuing Legal Education Bankruptcy Law Conference (October 28, 2003) (co-author with Patrick P. Dinardo).

·Contributor to Protecting Assets from Creditors, Massachusetts Continuing Legal Education series (2001). Co-author of chapter entitled "Avoidance and Recovery of Fraudulent Transfers (Or, All About Timing and Control)" (with Gayle P. Ehrlich).

·"Seeking New Value in the Bankruptcy Code After LaSalle Partners," paper presented at the American Bankruptcy Institute 6th Annual Northeast Bankruptcy Conference (July, 1999).

·"Safety and Soundness in Electronic Banking: the FDIC Examination Procedures", Electronic Banking Law and Commerce Report, Vol. 2, No. 4 (September 1997) (co-author).

·"Matters of Public Concern: Recognizing a Whistleblower�s Common Law Cause of Action in Alaska," New England Environmental Law Forum, Vol. 4 (1997).

·"Rising Star," Massachusetts Super Lawyers (2005-2008)

·Medal of Excellence in Bankruptcy, American Bankruptcy Institute (1998)

·"Bankruptcy Court Invalidates Springing Subordination Provisions in Credit Default Swap Transaction," American Bar Association Working Group on Legal Opinions (May 11, 2010)

·"Bankruptcy Court Invalidates Springing Subordination Provisions in Credit Default Swap Transaction," American Bar Association Business Law Section Spring Meeting (April 22-24, 2010)

·Speaker, "Life Cycle of a Distressed Asset," Real Estate Lenders Association (RELA) (March 16, 2010)

·New England School of Law - Jewish Law Students Association Speaker Series (March 11, 2010)

·"Perception or Reality: What Shall We Make of General Growth?" American Bar Association Working Group on Legal Opinions (October 20, 2009)

·Adjunct professor of law, Boston College Law School (2008-)

·Panelist, "Best Practices for CFOs of Small to Mid-Sized Companies," Financial Executives International (FEI) (April 16, 2009)

·Moderator, "Dramatic Transformations in Corporate Tax Law and the Financial Statement Implications to Your Company," Financial Executives International (FEI) (January 13, 2009)

·Visiting lecturer, "Issues in bankruptcy sales," Boston College Law School (2007-2008)

·Moderator, "Tax Strategies & Planning," Financial Executives International (FEI) (October 25, 2007)

·Faculty participant, "Anatomy of a Distressed Business," seminars jointly sponsored by the American College of Bankruptcy First Circuit Fellows and Boston College Law School (April 18, 2008 and April 20, 2007)

·Panelist, "Statutory Construction in Light of the 2005 Amendments to the Bankruptcy Code as the Amendments impact business bankruptcy cases," American Bankruptcy Institute's 13th Annual Northeast Bankruptcy Conference, Newport, Rhode Island (July, 2006)

·Panelist, "Servicemembers Civil Relief Act," Bankruptcy Court Practice 2004 14th Annual Bankruptcy Court Bench Meets Bar Conference, Boston Bar Association (May 13, 2004)

·Featured speaker, "Administrative Expense Priorities: How to Survive In re Jartran," Boston Bar Association Bankruptcy Section (February 12, 2004)

·Panelist, "Post-Confirmation Issues," Massachusetts Continuing Legal Education Bankruptcy Law Conference (October 28, 2003)

·Visiting lecturer in Environmental Law, Boston College (1998)

·Partner liaison to Financial Executives International (FEI) Boston Chapter and member, Professional Development Committee

·American Bar Association Business Law Section, Legal Opinions Committee and Cross Border Legal Opinions Committee

·American Bankruptcy Institute (ABI)

·Boston Bar Association, Bankruptcy Law Section

·Turnaround Management Association Northeast Chapter (TMANE)

·Sullivan & Worcester LLP Mentoring Committee, the Boston Lawyers Group Mentor Program and Boston College Alumnae Mentor-Mentee Program

·J.D., magna cum laude, Boston College Law School, 1998

·M.B.A., New York University Stern School of Business

·M.A., University of Chicago

·B.A., magna cum laude, Rockford College