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Lewis Sassoon

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Story

Lewis Sassoon has been practicing law since 1970. Mr. Sassoon’s focus is in the areas of business law and corporate reorganization through the Bankruptcy Court or by common law restructuring. Mr. Sassoon’s other areas of expertise are hospitality, commercial law, aviation law, business acquisitions and litigation. In the international arena, Mr. Sassoon represents businesses with contacts in Bulgaria, Canada, China, France, England, India, Israel, Thailand and throughout South America.

His successes include managing for clients a significant number of sophisticated civil trials; negotiating complex workouts with financial institutions; filing and confirming complicated Chapter 11 bankruptcies for debtors; legal services for divestitures, roll-ups and other types of business acquisitions; representing hotels, restaurants and other liquor establishments; representing emerging high-tech and bio-tech companies in connection with venture capital funds or private placements; negotiating significant awards for minority shareholders in “freeze-out” law suits.

When not practicing law, Mr. Sassoon enjoys visiting his five children, skiing, golf, travel, and the opera.

Education

• Suffolk University School of Law, J.D.

• Syracuse University, B.A.

Admissions

• Massachusetts

• New York

• U.S. District Court, District of Massachusetts

• U.S. Court of Appeals, First Circuit

• U.S. Supreme Court

Professional/Community

• Dean's Advisory Committee, Suffolk University School of Law, Member

• Anti-Defamation League of New England, Executive Committee Member; Chair of Catholic-Jewish Relations National Commission

• Rashi School, past Co-Chair, Development

• Lawyers Associated Worldwide (LAW), former Treasurer; current Member

• Boston Bar Association, Member

• Massachusetts Bar Association, Member

• Temple Emanuel (Newton, MA), former Vice President; current Member of Board of Directors

Awards/Honors

• Chairman's Award, Anti-Defamation League of New England

Representative Experience

• Out-of-court restructure of real estate business, which included hotels and shopping centers valued at approximately $300,000,000: An ad hoc creditors committee negotiated with the debtor, which resulted in liquidating certain assets, satisfying obligations to the secured creditor, paying a distribution to unsecured, and permitting the debtor's business to continue.

• Service as trustee for a race track in an out-of-court settlement: The settlement paid 70 per cent of creditors' claims, which totaled approximately $10,000,000, through the trust.

• Service as trustee for the creditor's committee in a bankruptcy commenced by a partner to Massachusetts race track.

• Special counsel to a Chapter 11 debtor who operated charter boats in New York Harbor: Advised debtor's counsel on adequate protection issues, avoiding the secured creditor's efforts to seize the debtor's charter boats. The firm also advised the debtor and participated in negotiations with New York State over its claims for sales and use tax. These efforts were followed by a confirmed plan.

• Creditors' committee counsel in a Chapter 11 case commenced by a condominium developer: On behalf of the creditors committee, the firm commenced an adversary proceeding against the secured lender, who had taken over the project. Subsequent negotiations led to a settlement paying unsecured creditors 80 per cent of allowed claims.

• Creditor representation in mega-case: The firm represented the largest leaseholder in a chapter 11 case commenced by a restaurant franchisor. It advised the landlord on collecting post-petition rent, on regaining possession over rejected leaseholds, and on asset sale issues.

• Creditor representation in adversary proceeding: The firm represented a former partner in an adversary proceeding brought by the chapter 7 trustee for his former partner. The trustee sued the client and the bank holding the partner's guarantee to avoid and recover a $400,000 payment. The firm's efforts resulted in settling the trustee's claim at a significant discount.

Articles Lectures

• Lecture on "Emerging Markets," LAW Conference in Bulgaria, 1998