Buffey E. Klein

Bankruptcy and related litigation

• Represents Christian Care Centers as debtor's counsel in its Chapter 11 petition filed with the U.S. Bankruptcy Court for the Northern District of Texas.
• Worked on behalf of corporate investors, retirees, small-business owners, bankers, lawyers and physicians who were defrauded in Maryland's largest $350 million Ponzi scheme. After individual assets were seized by Securities and Exchange Commission (SEC), identified, preserved, marketed and liquidated bank accounts, real estate and personal purchases in order to maximally repay investors.
• Prevailed on appeal on behalf of court-appointed receiver in dispute with two investor groups who challenged how the receiver's distribution plan allocated recovered funds among claimants.
• Represented major commercial lenders in various types of workouts, forbearance arrangements and restructuring agreements.
• Represented numerous financial institutions and lenders in connection with proceedings seeking extraordinary relief, including temporary restraining orders, temporary injunctions and appointment of receivers.
• Counseled financial institution clients regarding privacy and confidentiality issues encountered when responding to judicial, grand jury and administrative subpoenas.
• Represented major commercial lender against various obligors and guarantors and obtained multimillion-dollar arbitration award.
• Defended commercial lender against borrower’s claims of fraud and failure to dispose of collateral in a commercially reasonable manner and, after bench trial, obtained a judgment on behalf of the bank against the borrower and guarantors. After defendants appealed, handled appeal and oral appellate arguments. Judgment of trial court was affirmed.
• Obtained order compelling arbitration in multimillion-dollar lawsuit brought against a custodian of self-directed individual retirement accounts.
• Represented commercial lender in prosecution of claims against guarantors and defended lender against liability counterclaims brought by guarantors.
• Obtained summary judgment on behalf of commercial lender in priority dispute with competing creditor.

Other counsel

• Served as part of a team that represented a major commercial airline in connection with firm order of 100 Boeing 737 MAX aircraft, plus options, and the restructuring of existing purchase and other agreements regarding Boeing 787, 737NG and 777 aircraft and associated engines.
• Advised major commercial airline on complex transaction involving acquisition of 47 Boeing 787 aircraft and associated engines, and comprehensive long-term engine maintenance agreement.