State of Distressed Debt: Cadwalader Partner Douglas Mintz on Recent LME Litigation

October 21, 2025

Cadwalader partner Douglas Mintz was a featured guest on the latest episode of Bloomberg Intelligence's "FICC Focus" podcast series titled "State of Distressed Debt: Cadwalader’s Mintz on Recent LME Litigation."

In this in-depth conversation, Doug shares with BI editor Negissa Belluku his views on a wide range of topics including the ever-shifting dynamics  between majority and minority creditors, the costs and benefits of coops, diligence issues for lenders at the top of capital stack and the impact of recent rulings in ConvergeOne, Incora and American Tire Distributors on creditor strategies. 

He also discusses his extensive experience representing creditors and distressed investors, offering listeners a detailed look at current challenges and legal trends in distressed debt markets.

“If I were a lender, I would sign a coop with everyone — or mostly everyone — the day after the loan closes, and then just let it sit there,” Doug told Negisa. 

The podcast is part of Bloomberg Intelligence’s comprehensive fixed income, credit, commodity and currency market coverage and is available now on Bloomberg's audio platform and other major podcast services.