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Specializing in insolvency and complex commercial matters since 1974

Chapter 11 Plan Confirmed In Individual Chapter 11 Case - October 16, 2014

On October 16, 2014, culminating four years of contentious hearings and trials, the Honorable Catherine Peek McEwen of the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming the Chapter 11 plan of Robert C. Nucci, M.D. Dr. Nucci’s financial issues stemmed largely from his $17 million acquisition of a professional arena football team, the Tampa Bay Storm, approximately one year before the leagues collapsed and ultimately filed for bankruptcy protection. Approximately $30 million of claims were filed in Dr. Nucci’s case, of which almost half related to disputed obligations arising from the purchase of the Tampa Bay Storm. Following eight days of trial, the Bankruptcy Court ruled in favor of the Debtor in November 2013 disallowing the $9 million claim of the former owner of the team. This ruling paved the way for a settlement with the former owner and for the structuring of a consensual plan with bank creditors, a judgment creditor, and other parties. Amy Denton Harris and Harley E. Riedel led the firm’s representation of the Debtor, with significant assistance from Becky Ferrell-Anton, Barbara Hart and Michael Hooi.