Heather Lennox

Partner at Jones Day

Heather Lennox

Heather Lennox

Partner at Jones Day

Biography

Heather Lennox
Partner
Heather Lennox has played a leading role in Jones Day's representations of debtors and potential debtors, creditors' committees, prepetition secured lenders, bank groups, DIP lenders, credit card processors, and other significant creditors in many of the nation's largest in-court and out-of-court corporate restructurings. She has substantial experience counseling clients in fraudulent conveyance, illegal dividend, fiduciary duty, piercing the corporate veil, and mass tort issues in bankruptcy. She has represented a number of entities in the structuring and consummation of spin-offs, secured financings, distressed sales and acquisitions, ring-fencing transactions, and other out-of-court restructuring transactions.

Heather has represented, among others: Copperweld Corporation, CSC Industries, Dana Corporation, Fruehauf Trailer Corporation, Great American Communications Company (a prepackaged case), Hostess Brands, Inc., LTV Steel Company, Metaldyne Corporation, and Oglebay Norton Company as debtors' counsel and significant creditors in the Delta Airlines, Forum Health, HomePlace Stores, Northwest Airlines, Pittsburgh Penguins, R.H. Macy, Southern Air Transport, United Airlines, US Airways, and Wornick Company bankruptcies.

Heather has coauthored bankruptcy-related articles published in The Business Lawyer and the Journal of Bankruptcy Law and Practice. She is listed in the Guide to the World's Leading Insolvency and Restructuring Lawyers, is a conferee of the National Bankruptcy Conference (2012) and a Fellow in the American College of Bankruptcy, and a member of the American Bankruptcy Institute and the Cleveland Metropolitan Bar Association and serves on the Bankruptcy Committee of the New York City Bar Association. Super Lawyers 2010-2012 lists her among the "Top 50 Women Ohio Super Lawyers" in bankruptcy & creditor/debtor rights.

EDUCATION
Georgetown University (J.D. cum laude 1992; Law Journal); John Carroll University (B.A. summa cum laude 1989)
BAR ADMISSIONS
New York, Ohio, U.S. District Courts for the Northern and Southern Districts of Ohio, U.S. Court of Appeals for the Sixth Circuit, and pro hac vice in several other venues
EXPERIENCE HIGHLIGHTS
Hostess Brands commences bankruptcy proceedings

General Motors allowed exclusive jurisdiction to resolve dispute

Yale-New Haven Hospital obtains antitrust approval for proposed Saint Raphael's acquisition

AREAS OF FOCUS
Business Restructuring & Reorganization
Borrower / Workouts / Chapter 11 Debtor Representations
Metals & Mining
HONORS & DISTINCTIONS
The Legal 500 US (corporate restructuring) (2011)

IFLR 1000 (2006-2008)

Chambers USA: America's Leading Lawyers for Business (2005-2011)

Chambers Global: World's Leading Lawyers for Business "leader in their field" (2012)

Member, American College of Bankruptcy (2009-)

The Best Lawyers in America (2006-2013)

Ohio Super Lawyers (2005-2012)

Named one of 14 "Outstanding Young Turnaround Lawyers" by the Turnaround Management Association (2006)

Experience


Certain Hostess bread brands and bakeries to be acquired by Flowers Foods for $390 million
Jones Day is advising Hostess Brands, Inc. regarding the sale of its Wonder, Merita, Nature's Pride, Home Pride, Butternut, and Beefsteak bread brands and associated bakeries to Flowers Foods, Inc. for $390 million.

Hostess Brands commences bankruptcy proceedings
Jones Day represents client Hostess Brands, Inc. and its direct and indirect subsidiaries (collectively, "Hostess") as lead restructuring counsel, in Hostess' January 11, 2012 (the "Petition Date") filing under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") with more than $800 million in secured debt and a $75 million debtor-in-possession financing facility with Silver Point.

General Motors allowed exclusive jurisdiction to resolve dispute
Jones Day represents General Motors LLC ("New GM") in connection with a lawsuit filed by the UAW in Michigan federal district court.

Yale-New Haven Hospital obtains antitrust approval for proposed Saint Raphael's acquisition
Jones Day represented Yale-New Haven Hospital ("YNHH") in connection with all antitrust matters related to its acquisition of a competing hospital, the Hospital of Saint Raphael's in New Haven, Connecticut.

St. Mary of the Woods files for chapter 11
Jones Day represents Franciscan Communities St. Mary of the Woods in its chapter 11 case and related debtor-in-possession financing.

ZAIS Investment goes into involuntary bankruptcy
Jones Day served as prepetition counsel and postpetition special counsel to ZAIS Investment Grade Limited VII, a Cayman Islands special purpose vehicle in a first of its kind involuntary prepackaged bankruptcy filed in the District of New Jersey.

Wireless communications provider restructures bond debt
Jones Day represented a $200 million local wireless communications provider in an out-of-court workout of $150 million in bond debt.

Metaldyne sells powertrain, balance shaft module, tubular products, and chassis assets to affiliate of The Carlyle Group and Solus Alternative Asset Management
Jones Day advised Metaldyne Corporation, a leading designer and producer of engine, driveline, and chassis products, in the $400 million sale of its powertrain, balance shaft module, tubular products, and chassis assets to an affiliate of The Carlyle Group and Solus Alternative Asset Management LP via a sale under section 363 of the Bankruptcy Code.

Metaldyne files for bankruptcy protection
Jones Day represented Metaldyne Corporation -- one of the top 50 North American auto parts suppliers with over $1 billion in sales -- and its subsidiaries in an out-of-court tender offer transaction pursuant to which over $350 million in long term debt was extinguished.

Axcelis Technologies sells interest in joint venture SEN Corporation to Sumitomo Heavy Industries
Jones Day advised Axcelis Technologies, Inc. in the $133 million sale of its 50% interest in SEN Corporation to joint venture partner Sumitomo Heavy Industries, Ltd.

MBIA Insurance is secured creditor in Forum Health chapter 11 case
Jones Day represented MBIA Insurance Corporation ("MBIA") as a secured creditor in the chapter 11 cases of Forum Health and its affiliated debtors (together, "Forum" or the "Debtors").

Metaldyne completes $65 million tender offer to purchase outstanding 10% Senior Notes and 11% Senior Subordinated Notes
Jones Day advised Metaldyne Corporation, a leading designer and producer of engine, driveline, and chassis products, in connection with its $65 million offer to purchase for cash any and all outstanding 10% Senior Notes due 2013 and 11% Senior Subordinated Notes due 2012.

Dana Corporation obtains Global Settlement and creates VEBA trusts for retiree health care benefits
Jones Day successfully represented Dana Corporation in obtaining a series of settlements to eliminate an enormous accumulated liability for health and life insurance benefits for retirees from its unionized and nonunion workforces, and to modify its collective bargaining agreements with active employees, allowing Dana to compete in the troubled auto industry upon emergence from bankruptcy.

Dana Corporation successfully reorganizes in U.S. and U.K. in "Deal of the Year"
Jones Day advised Dana Corporation and 40 of its U.S. subsidiaries in their reorganization under chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.

Dana Corporation favorably resolves dispute with major supplier
Jones Day represented Dana Corporation and certain of its subsidiaries in their chapter 11 cases.

Dana Corporation reaches groundbreaking labor settlement
Jones Day represented Dana Corporation in litigation and arbitrations related to various supply contracts as part of its Chapter 11 reorganization.

National City Bank holds leases in Northwest Airlines chapter 11 case
Jones Day represented National City Bank in the chapter 11 cases of Northwest Airlines Corporation involving three leveraged lease transactions.

National City Bank in lease transaction with Comair
Jones Day assisted National City Bank as the owner/participant in three leveraged lease transactions and also in cash management services involving the Comair chapter 11 cases.

Timken Company holds claim in Jernberg bankruptcy
Jones Day represented the Timken Company as a creditor with a $13 million claim in the chapter 11 cases of Jernberg Industries.

Blackstone Group appointed valuation expert in WCI Steel bankruptcy
Jones Day assisted Arthur Newman of The Blackstone Group in his role as the Court-appointed valuation expert in the chapter 11 cases of WCI Steel, Inc. and its affiliates.


Publications

September/October 2012
KERP or KEIP: Fireworks Continue on Keeping Key Employees at the Helm in Chapter 11 PDF


2011
American College of Bankruptcy Best Practices Report, Formation, Function & Obligations of Equity Committees in Chapter 11


June 14, 2011
Practice Spotlight: Heather Lennox, Business Law Currents


February 2011
An Overview of Chapter 9 of the Bankruptcy Code and Municipal Debt Adjustments, Westlaw


August 2010
An Overview of Chapter 9 of the Bankruptcy Code: Municipal Debt Adjustments PDF


June 2010
A Tectonic Shift For Administrative Rent Claims? Bankruptcy Court Rejects "Actual Use" Limitation On Debtor-Lessee's Obligation To Pay Postpetition Rent Under Commercial Equipment Lease, Journal of Bankruptcy Law and Practice, Vol. 19, No. 3


2010
2009: A Changing Bankruptcy Landscape And How It Affected Labor and Benefit Issues, 2010 Annual Survey of Bankruptcy Law


August 2007
Reinstatement v. Cramdown: Do Secured Creditors Win or Lose? Journal of Bankruptcy Law and Practice, Vol. 16, No. 4 - PDF Only PDF


June 2007
Reinstatement v. Cramdown: Do Secured Creditors Win or Lose? coauthor, Westlaw


1999
Breaking Up Is Hard to Do: Avoiding the Solvency-Related Pitfalls in Spinoff Transactions, The Business Lawyer


1996
'Safe Harbor in Uncharted Waters' — Securities Law Exemptions Under Section 1125(e) of the Bankruptcy Code, The Business Lawyer


1994
The Fiduciary Duties of Directors of Financially Troubled Companies, Journal of Bankruptcy Law and Practice


1993
Applying an Ax When a Scalpel Will Do: The Role of Exclusivity in Chapter 11 Reform, Journal of Bankruptcy Law and Practice


Speaking Engagements

October 14, 2011
Shareholders Count Too: The Role of the Equity Committee in a Volatile Economy, Business Bankruptcy Fall Meeting CLE Program Tampa, Florida

May 24, 2010
Credit Bidding, panelist, American Bankruptcy Institute's 12th Annual New York City Bankruptcy Conference New York, New York

October 29, 2009
Pressure on the Supply Chain – Beginning of the End or End of the Beginning, TMA 2009 Webinar Series Webinar

September 30, 2009
Labor & Employment Law Changes: What the New Administration Has Brought and What the Future Holds Pittsburgh, Pennsylvania

March 31, 2009
Creating a Restructuring Process that Ensures a Successful Turnaround, panelist, ACI Distressed Debt Investing Summit New York, New York

December 11, 2008
Protecting Your Human Capital: Indemnities and D&O Insurance in Troubled Times, Jones Day CLE Academy Cleveland, Ohio

June 22, 2007
The Tenth Annual Conference on Corporate Reorganizations: Update on Autos and Auto Suppliers Chicago, Illinois

April 27, 2007
The Administratively Insolvent Debtor, panelist, William J. O'Neill Bankruptcy Seminar Cleveland, Ohio

November 1, 2006
The Automotive Industry - Where It Was, Where It Is and Where It's Going, panelist, Fall 2006 Conference, International Women's Insolvency & Restructuring Confederation San Francisco, California

October 6, 2006
Developing Opportunities for a Multicultural Workplace - How to Create Opportunities for All Women, panelist, Capgemini "Reach for the Stars" Cleveland, Ohio

September 20, 2005
The Significant Business Provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 Cleveland, Ohio

May 13, 2005
What Labor and Employment Lawyers Should Know About the Federal Bankruptcy Process for Corporate Debtors Cleveland, Ohio

October 5, 1999
Issues in Debtor in Possession Financing, Jones Day CLE Program Cleveland, Ohio

November 30, 1995
The Section 2-207 Battle of the Forms: Disclaimer of Damages and Other Issues Cleveland, New York

September 28, 1994
Issues of Successor Liability in Section 363 Sales Cincinnati, Ohio

Overview
RelSci Relationships

3782

Number of Boards

3

Number of Awards

33

Relationships
RelSci Relationships are individuals Heather Lennox likely has professional access to. A relationship does not necessarily indicate a personal connection.

Co-Founder at PlayhouseSquare Real Estate Services

Relationship likelihood: Strong

Partner at Jones Day

Relationship likelihood: Strong

President-PSF Management LLC at Playhouse Square Foundation

Relationship likelihood: Strong

Partner at Jones Day

Relationship likelihood: Strong

Partner at Jones Day

Relationship likelihood: Strong

Chair, Mergers & Acquisitions Practice at Jones Day

Relationship likelihood: Strong

Partner at Jones Day

Relationship likelihood: Strong

Vice Chairman, Government Affairs at Playhouse Square Foundation

Relationship likelihood: Strong

Vice Chairman-Development at Playhouse Square Foundation

Relationship likelihood: Strong

President at McDonald Hopkins LLC

Relationship likelihood: Strong

In The News
Plain Dealer (Cleveland, Ohio)
December 4, 2019
Mentoring event will pair women leaders with businesswomen
Crain's Cleveland Business
June 11, 2018
TWENTY IN THEIR 20S : Sarah Alsaden
Crain's Cleveland Business
October 23, 2017
INFLUENTIAL WOMEN IN FINANCE : Rachel L. Rawson
Paths to Heather Lennox
Potential Connections via
Relationship Science
You
Heather Lennox
Partner at Jones Day
Education
JD, cum laude
Class of 1992

Georgetown University Law Center is the law school of Georgetown University, located in Washington, D.C. Established in 1870, the Law Center offers J.D., LL.M., and S.J.D. degrees in law.[5] As the second largest law school in the United States, Georgetown Law often touts the advantages of its wide range of program offerings and proximity to federal agencies and courts, including the Supreme Court

BA, summa cum laude
Class of 1989

John Carroll is a private, coeducational, Jesuit Catholic university providing programs of study in the liberal arts, sciences, and business at the undergraduate level and in selected areas at the master’s level. Academically, the University consists of the College of Arts and Sciences and the John M. and Mary Jo Boler School of Business, which both include graduate programs. John Carroll operates on a semester calendar, with two 15-week semesters and three summer sessions.

Memberships
Fellow
2009 - Current

The College was formed in 1989 and has over 800 Fellows that are selected by a Board of Regents from among recommendations received from the Circuit Admissions Council in each federal judicial circuit. The Regents select those who meet the following standards: (i) the highest professional qualifications and ethical standards; (ii) the highest level of character, integrity, professional expertise and leadership which demonstrates the likelihood that they will continue to contribute to the enhancement of bankruptcy and insolvency scholarship, continuing education, and contributions to the improvement of the bankruptcy and insolvency processes; (iii) a commitment to fostering and furthering the objectives of the College; (iv) sustained evidence of scholarship, teaching, lecturing and distinguished published writings on bankruptcy practice or insolvency practice, procedure, philosophy, improvements and reforms which demonstrates a consistent contribution to the enhancement of bankruptcy and insolvency literature, education, practice and the overall improvement of the process.The mission of the College is to honor and recognize distinguished bankruptcy professionals who are qualified for membership in an effort to set standards of achievement for others in the insolvency community, and to fund and assist projects that enhance the highest quality of bankruptcy practice, including undergraduate and graduate programs related to bankruptcy and insolvency. Historically, the prestigious American College of Bankruptcy Induction Ceremony, a black tie event, has been held in early spring at the United States Supreme Court Great Hall, followed by a reception. Well known individuals who have addressed the Induction Ceremony include Supreme Court Justices, members of Congress, Department of Justice officials, White House staff members, academicians and appellate judges.

Member
Current

The Association of the Bar of the City of New York is a voluntary association of lawyers and law students. The organization was founded in 1870 and it is headquartered in New York, NY.

Member
Current

ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more 12,600 attorneys, auctioneers, bankers, judges, lenders, professors, turnaround specialists, accountants and other bankruptcy professionals providing a forum for the exchange of ideas and information.

Career History
Partner
Current

Jones Day LP provides legal services. The company's practice areas include banking and finance, capital markets, mergers & acquisitions, real estate, government regulations, tax, financial institutions litigation and regulation, business restructuring, and private equity. It offers services to the airlines, aviation, automotive, construction, energy, healthcare, insurance, media, pharmaceuticals and telecommunication industries. Jones Day was founded in March 1893 by Edwin J. Blandin and William Lowe Rice and is headquartered in Cleveland, Ohio.

Transactions
Details Hidden

Arlington Capital Partners LLC purchases Tyto Athene LLC from Black Box Corp.

Details Hidden

Flowers Foods, Inc. purchases Hostess Brands, Inc. /Bread Bus from Hostess Brands LLC

Details Hidden

Hostess Brands, Inc. /Snack Cake Ops/ /Pvt. Group, Round Hill Investments LLC purchase Hostess Brands, Inc. /Snack Cake Ops from Hostess Brands LLC

Awards & Honors
2016
Best Lawyers - Best Lawyers in America
2015
Best Lawyers - Best Lawyers in America
2015
Lawdragon 500: Leading Lawyers in America
Other Affiliations

Heather Lennox is affiliated with Jones Day

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