JONATHAN S. SHENSON
Jonathan received his Bachelor of Arts from the University of California, Santa Barbara in 1993, where he graduated first in his class in the economics department. He received his Juris Doctor from the University of California, Los Angeles in 1996. While at UCLA, Jonathan participated in the law school’s Moot Court Honors Program and was a member of the Pacific Basin Law Journal. After graduation, he served as a law clerk to the Honorable Edward D. Jellen, United States Bankruptcy Court for the Northern District of California, from 1996 to 1998. Jonathan spent the first six years in private practice as an associate with Latham & Watkins LLP (in the bankruptcy and finance departments). Prior to forming SLG, Jonathan was a partner with Klee, Tuchin, Bogdanoff & Stern LLP, from 2006 to 2012.
Jonathan’s practice includes representation of debtors, secured creditors (including debtor in possession lenders), committees, acquirers and other parties in chapter 11 cases, out of court restructures and work-outs, acquisitions, foreclosures, and assignments for the benefit of creditors. He also regularly represents agents and lenders, borrowers and others in a broad array of credit transactions, including syndicated, single-bank, secured, unsecured, senior and subordinated credits and credit enhancement facilities.
Jonathan is a frequent guest on bankruptcy and commercial law panels including The Changing Landscape of Entertainment Restructurings at the Turnaround Management Association’s Western Regional Conference (Laguna Beach 2013) and Trends in Distress Real Estate Transactions at the TMA Distressed Investing Conference (Las Vegas 2013). Jonathan has recently served as a panelist at the American Bankruptcy Institute’s Southwest Bankruptcy Conference (Las Vegas 2011) and the California Bankruptcy Forum’s 23rd and 24th Annual Insolvency Conferences (Squaw Valley 2011) and (Rancho Mirage 2012); and he has lectured on deepening insolvency, cash collateral, fiduciary duties of officers and directors of distressed companies, real estate leases in bankruptcy, 2005 Amendments to the Bankruptcy Code, single asset real estate cases, intellectual property issues in and out of bankruptcy, and the state of the law with regard to creditors’ entitlement to interest, fees and costs in bankruptcy.
Jonathan is recognized by Chambers USA in 2011, 2012, and 2013 as one of California’s leading bankruptcy practitioners; Chambers USA (2011) editorial comment (prevailing opinion in the market), “extremely hard-working approach” and Chambers USA (2012) editorial comment (prevailing opinion in the market) he is “an outstanding attorney” whose potential for future progress has been emphasized by his involvement in a number of high-profile chapter 11 proceedings. Jonathan is routinely recognized as one of Southern California’s “Super Lawyers” named by Law & Politics and Los Angeles Magazine.
Jonathan is admitted to practice law in the United States District Courts for the Northern, Eastern, Central and Southern Districts of California, as well as in the Ninth Circuit Court of Appeals. He is a member of the American Bankruptcy Institute, the Turnaround Management Association, the California Bar Association and the Financial Lawyers Conference. Jonathan has also served on the State Bar of California’s Insolvency Law Committee.
Jonathan’s representations have included a national, wholesale nursery operator in connection with its “out-of-court” restructuring of a $100 million credit facility and re-capitalization; Dymas Funding Company LLC, as agent to the lenders, in connection with the restructuring of Classic Party Rentals; Cheryl & Co, a subsidiary of 1-800-Flowers, in its acquisition of Mrs. Beasley’s Bakery through an ABC; and the official committee of unsecured creditors in the chapter 11 cases of Fremont General Corporation (Santa Ana, CA), a bank holding company, and Ecoly International, Inc., et al. including Sexy Hair Concepts, LLC (Los Angeles, CA), a hair product manufacturer and wholesaler.
Jonathan is active in the entertainment; some of his more notable engagements include representing Millennium Entertainment in its acquisition of First Look Studios Inc.’s assets (from the debtor-studio’s foreclosing lender) and Syndicated Communications Venture Partners V, LP, as agent for certain investors, in connection with its foreclosure of the film library of Maya Entertainment Group. Jonathan is active in the distressed-real estate space. He has represented Karlin Real Estate on several matters including a bankruptcy of a distressed property in Las Vegas, Nevada.
Jonathan’s past chapter 11 debtor representations have included National R.V. Holdings, Inc. (Riverside, CA), the ninth largest manufacturer of “Class A” motor homes); Ronco Corporation (Los Angeles, CA), marketer of proprietary consumer products of Ron Popeil; PrediWave Corporation (Oakland, CA), international technology company; Assisted Living Concepts, Inc. (Delaware), owner and operator of assisted living facilities; Paragon Steakhouse Restaurants, Inc. (Riverside, CA), owner and operator of steakhouse restaurant chains; and KeraVision (Oakland, CA), a developer and provider of non-laser vision correction products. Jonathan has represented the principal secured parties in countless chapter 11 cases including Ableco Finance in the chapter 11 cases of Latshaw Drilling (Tulsa, Oklahoma), a rig manufacturer/provider, and BH S&B Holdings, Inc. (the second chapter 11 filing of Steve & Barry’s; New York, NY), a retailer of celebrity-licensed clothing, as well as the agents to the secured parties in the chapter 11 cases of InterDent, Inc. (Santa Ana, CA), a dental group management company; Global Health Sciences (Santa Ana, CA), a nutritional supplement company; and Remediation Capital Corporation (Los Angeles, CA), acquisition company of environmentally challenged real estate. Jonathan represented the official committee of unsecured creditors in the chapter 11 cases of MedPartners Provider Network, Inc. (Los Angeles, CA), a healthcare provider network; Superior National Insurance Group, Inc. (Los Angeles, CA), a workers’ compensation insurer; Fremont General Corporation (Santa Ana, CA), a bank holding company; and, most recently, Ecoly International, Inc., et al. (Los Angeles, CA) including Sexy Hair Concepts, LLC, a hair product manufacturer and wholesaler.