Johnson, Randy K.

Bennett Spiegel represents debtors, creditors, creditors' committees, trustees, and asset purchasers in corporate restructurings and bankruptcies in a variety of industries.

His representations include advising the Royal Bank of Scotland in the Thornburg Mortgage cases, investigation and potential litigation of claims for the Axium International chapter 7 Trustee, advising St. Francis Hospital in the Downey Hospital case, and the Non-Agent Secured Lenders’ pursuit of $120 million of unpaid interest in the Adelphia cases.

Prior to joining Jones Day, Bennett’s chapter 11 debtor representations included supervising the $385 million sale of Leiner Health Products; Calpine Corporation’s disposition of more than $1 billion in power plants and other assets; developing a reorganization plan for W.R. Grace & Co.; selling Cable & Wireless USA for multiples of the stalking-horse bid and resolving $6 billion in claims; and advising actress Zsa Zsa Gabor. His prior chapter 11 creditor representations included advising Greenwich Capital in its $500, $215, and $100 million DIP financings of American Business Financial Services, Oakwood Homes, and New Century Financial; the committee of non-agent lenders owed $2.5 billion by Adelphia affiliates, recovering all principal, interest, and pre-confirmation fees; the creditors' committee plan proponent in the $600 million Reed Slatkin Ponzi scheme case (as trial counsel); Morgan Creek, Alliance Atlantis, and nWave as creditors/asset purchasers; and Motley Crue in the bankruptcy of its lead singer.

Bennett is a member of the ABI, the LA Bankruptcy Forum, and the Financial Lawyers Conference. He is on the editorial board of The Bankruptcy Strategist.