American Home Patient Plan Of Reorganization Approved in US Bankruptcy Court in 2005 and affirmed by US Supreme Court in 2007. 2ndG's CEO, Mike Collins, was the lead valuation expert in the case, aiding the trier of fact in determining the value of equity warrants and options held by secured lenders.
This case led to an important addition to case law precedents, in that Collin's argument that such warrants should be treated as executory contracts led to an affirmation of the firm's ability to reject its outstanding warrants a key to its debt re-structuring plan. Collins said "this was a real wake-up call for lenders, particularly junk bond players, who often had sought to gain control of a troubled company through their ownership of its debt and related equity warrants".
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