Dale E. Barney

Dale E. Barney

Director, Financial Restructuring & Creditors’ Rights

Dale E. Barney has extensive experience in all aspects of debtor/creditor relations; bankruptcy and insolvency litigation; and commercial and chancery litigation. With substantial trial and appellate experience, Mr. Barney leads the dedicated litigation team within the Financial Restructuring & Creditors’ Rights Department and also offers cost effective alternatives to litigation, through arbitrations, mediations, and alternative dispute resolution proceedings. He advises clients on all aspects of debtor/creditor disputes, workouts, and structured resolutions. Mr. Barney represents many of the firm’s secured and unsecured creditors and handles a wide variety of general commercial, corporate, and securities litigation.

Mr. Barney’s representative clients include The Bank of New York Mellon; Research Cottrell Cooling, Inc. and Hamon Corp; The Unsecured Creditors Committee in the chapter 11 case of R&S Parts and Service, Inc.; Tiffany and Company; Cooper Tire and Rubber Company; the Veolia North America companies; Armstrong Flooring, Inc., Armstrong World Industries, Inc.; Verizon Business Global LLC; HealthNet of the Northeast, Inc.; Valor Equity Partners, L.P.; Skanska USA Building Inc.; ING Real Estate Finance (USA), LLC; Midlantic Bank; First Fidelity Bank; First Union National Bank; and a variety of private investors and lenders. Mr. Barney has also had major involvement in a number of the firm’s substantial trustee/debtor/creditors’ committee cases, such as Molycorp, Inc.; DBSI, Inc.; Manhattan Bagel Company, Inc.; Mutual Benefit Overseas, Inc.; Emerson Electric Company; Herman’s Sporting Goods, Inc.; and Twin County Grocers, Inc.

Mr. Barney practices in the Superior Court of New Jersey, the United States District and Bankruptcy Courts for the District of New Jersey, the United States Court of Appeals for the Third Circuit, the United States District and Bankruptcy Courts for the Southern and Eastern Districts of New York, as well as the United States Bankruptcy Courts in other states.

Areas of Focus

Creditor Representation

Mr. Barney has represented creditor and other interests in many significant chapter 11 cases over the past decades, including Westinghouse Electric Company, LLC; Molycorp, Inc; Alpha Natural Resources, Inc.; Energy Future Holdings Corp.; Hovensa, LLC; New Page Corporation; Eastman Kodak Company; Lyondell Chemical Company; Tronox LLC; Autobacs Strauss, Inc.; BearingPoint, Inc.; Northwest Airlines, Inc.;CPI, Inc.; Farmland Industries, Inc.; and Genuity, Inc.

Breach of Fiduciary Duty Claims Against Corporate Directors and Officers

Mr. Barney represents corporate directors and officers who are sued, typically following the bankruptcy of the corporation, for breach of duty, negligence, and related claims brought by lenders, trustees, and committees seeking to recover losses arising from the insolvency proceeding.

Complex Fraudulent Transfer and Preference Claims

Mr. Barney has represented both plaintiffs and defendants in all manners of complex fraudulent transfer and preference claims. He successfully defended a major telecom client in a $50 million preference claim, and, on multiple occasions, has managed portfolios of hundreds of avoidance claims for trustees and debtors, most recently on behalf of the DBSI, Inc. trusts.

Ponzi Scheme Litigation

A growing focus in insolvency litigation over the past decade has been the proof of Ponzi schemes as the basis for proving debtors’ actual fraud, thereby expediting the proofs in fraudulent transfer and securities fraud claims. Mr. Barney and the Financial Restructuring & Creditors’ Rights Litigation Team have been the vanguard of the firm’s efforts in this area.

Contested Chapter 11 Plan Confirmations

Mr. Barney is experienced in proving the requisites for confirmation of plans of reorganization in chapter 11 cases, including all aspects of expedited discovery and expert proofs.

Credentials

Education

College of William & Mary, Marshall-Wythe School of Law (J.D.)

  • President, Phi Alpha Delta, Wythe Chapter, 1985-1986
  • Articles Editor, The Colonial Lawyer, 1986-1987

University of Virginia (B.A.)

Professional Admissions

State of New Jersey

United States District Court for the District of New Jersey

United States District Court for the Southern District of New York

United States District Court for the Eastern District of New York

United States Court of Appeals for the Third Circuit

Professional Activities

New Jersey State Bar Association

American Bar Association
Litigation and Alternative Dispute Resolution Sections

Garden State Credit Associates