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Turning 125: Nelson Mullins Celebrating 125 Years of Legal Service in 2022
In January 1897, attorney P.H. Nelson left his position as solicitor of the Fifth Judicial Circuit to set up a private law practice in Columbia, S.C. The State newspaper contained a short but prescient news item on Jan. 26 about the endeavor, which noted that "the new firm should meet with great success."
And they were right. Today, Nelson Mullins Riley & Scarborough LLP offers legal services in 15 states and the District of Columbia from 31 offices with 930+ attorneys, policy advisors, and professionals. It is the 71st largest law firm in the nation based on 2021 gross revenues, according to The American Lawyer’s Am Law 100, a legal news organization that tracks law firm growth.
Throughout 2022, Nelson Mullins will be sharing seminal events from its history that highlight its growth from a one-man firm in 1897 to where we are today. Click here to learn more.
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July 6, 2022
Partner Virginia "Ginger" Rolfes will be a panelist for a CLE on July 6 titled "Real Estate Finance: Structuring Earnout, Release Parcel, and Partial Prepayment/Defeasance Provisions." The CLE will discuss holdbacks and earnout provisions under which mortgage proceeds are retained by the lender but made available to the borrower upon satisfaction of certain conditions. The panel will also analyze provisions that allow for the release of a parcel post-closing, including the subdivision, easement rights, and entity issues to address. In addition, the panel will discuss the prepayment and partial defeasance options with either scenario.
Real Estate Finance: Structuring Earnout, Release Parcel, and Partial Prepayment/Defeasance Provisions Hosted by: Strafford
John T. Baxter
Senior Associate
150 Fourth Avenue North
Suite 1100
Nashville, TN 37219
John focuses his practice on bankruptcy law and consumer financial litigation. He has experience representing both debtors and creditors in chapter 11 proceedings touching on a diverse set of industries. John has represented clients in bankruptcy and commercial litigation matters in state, federal, and appellate courts across the state of Tennessee, in the United States Court...
John focuses his practice on bankruptcy law and consumer financial litigation. He has experience representing both debtors and creditors in chapter 11 proceedings touching on a diverse set of industries. John has represented clients in bankruptcy and commercial litigation matters in state, federal, and appellate courts across the state of Tennessee, in the United States Court of Appeals for the Sixth Circuit, and the Supreme Court of the United States.
of Appeals for the Sixth Circuit, and the Supreme Court of the United States.
Experience
Representative Matters
- In re Geokinetics Inc. Assisted with representation of the official committee of unsecured creditors in the Chapter 11 cases of global providers of seismic data acquisition, processing, and integrated reservoir geoscience services to the oil and natural gas industry. Obtained a carveout for the benefit of unsecured creditors from pre-petition lenders’ cash collateral. In re Geokinetics Inc., et al., Case No. 18-33410 (Bankr. S.D. Tex)
- In re Life Settlements Return I, LLC. Represented chapter 11 debtors in consolidated chapter 11 cases. Debtors are a life settlements special purpose vehicle and its subsidiary holding company holding life insurance policies with estimated face value worth approximately $20.1 million faced with insolvency based on insureds outliving actuarial projections. In re Life Settlements Absolute Return I, LLC, Case No. 17-13030-MFW (Bankr. D. Del. 2017)
- In re Dart Music, Inc. Represented chapter 11 debtor in successful sale of IP assets under section 363 of the bankruptcy code. Debtor technology start-up was a unique provider of metadata solutions for the music industry faced with financial troubles arising from problems securing funding. In re Dart Music, Inc., Case No. 17-01300 (Bankr. M.D. Tenn. 2017)
- In re Cherokee Pharmacy & Medical Supply, Inc., et. al. Represented a Forbes 200 pharmaceutical whole-sale distributor in consolidated chapter 11 cases of local pharmacies holding a $1.2 million claim. In re Cherokee Pharmacy & Medical Supply, Inc., et. al., Case No. 17-bk-11920 (Bankr. E.D. Tenn. 2017)
- In re American Apparel, Inc. (“American Apparel 2”). Assisted with representation of successful purchaser of lease assets in chapter 11 case of clothing retailer having $230 million in debt. In re American Apparel, Inc., Case No. 16-12551 (Bankr. D. Del. 2016)
Educational Activities
- The University of Tennessee College of Law
- Vice Chair for Advocates’ Prize, Moot Court Board
- Founder of the UT Law Expungement Project, a pro bono organization connected to the College of Law's Legal Clinic that has helped hundreds of individuals remove dismissed charges from their records
Education
-
University of Tennessee College of Law,
JD,
summa cum laude
(2016)
- Member, National Moot Court Team (2014-2015)
- Winner of the 2015 Harrison Tweed Bowl for drafting the best brief in the National Competition
- Order of the Barristers
- Law Student for Justice Pro Bono Award
- Member, National Moot Court Team (2014-2015)
- Belmont University, BA, cum laude (2013)
Admissions
- Tennessee
- Supreme Court of the United States
- U.S. District Court for the Middle District of Tennessee
- U.S. District Court for the Eastern District of Tennessee
- U.S. District Court for the Western District of Tennessee
- U.S. Court of Appeals for the Sixth Circuit
Representative Matters
- In re Geokinetics Inc. Assisted with representation of the official committee of unsecured creditors in the Chapter 11 cases of global providers of seismic data acquisition, processing, and integrated reservoir geoscience services to the oil and natural gas industry. Obtained a carveout for the benefit of unsecured creditors from pre-petition lenders’ cash collateral. In re Geokinetics Inc., et al., Case No. 18-33410 (Bankr. S.D. Tex)
- In re Life Settlements Return I, LLC. Represented chapter 11 debtors in consolidated chapter 11 cases. Debtors are a life settlements special purpose vehicle and its subsidiary holding company holding life insurance policies with estimated face value worth approximately $20.1 million faced with insolvency based on insureds outliving actuarial projections. In re Life Settlements Absolute Return I, LLC, Case No. 17-13030-MFW (Bankr. D. Del. 2017)
- In re Dart Music, Inc. Represented chapter 11 debtor in successful sale of IP assets under section 363 of the bankruptcy code. Debtor technology start-up was a unique provider of metadata solutions for the music industry faced with financial troubles arising from problems securing funding. In re Dart Music, Inc., Case No. 17-01300 (Bankr. M.D. Tenn. 2017)
- In re Cherokee Pharmacy & Medical Supply, Inc., et. al. Represented a Forbes 200 pharmaceutical whole-sale distributor in consolidated chapter 11 cases of local pharmacies holding a $1.2 million claim. In re Cherokee Pharmacy & Medical Supply, Inc., et. al., Case No. 17-bk-11920 (Bankr. E.D. Tenn. 2017)
- In re American Apparel, Inc. (“American Apparel 2”). Assisted with representation of successful purchaser of lease assets in chapter 11 case of clothing retailer having $230 million in debt. In re American Apparel, Inc., Case No. 16-12551 (Bankr. D. Del. 2016)
Educational Activities
- The University of Tennessee College of Law
- Vice Chair for Advocates’ Prize, Moot Court Board
- Founder of the UT Law Expungement Project, a pro bono organization connected to the College of Law's Legal Clinic that has helped hundreds of individuals remove dismissed charges from their records
Media
Recognitions
- American Bar Association Business Law Section Business Bankruptcy Committee, 20/20 Partners Rising Young Leader Award (2021)
- The Best Lawyers in America® Ones to Watch, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, Commercial Litigation (2021–2022)
- Mid-South Super Lawyers Rising Star, Business Litigation (2019–2021)
John focuses his practice on bankruptcy law and consumer financial litigation. He has experience representing both debtors and creditors in chapter 11 proceedings touching on a diverse set of industries. John has represented clients in bankruptcy and commercial litigation matters in state, federal, and appellate courts across the state of Tennessee, in the United States Court...
of Appeals for the Sixth Circuit, and the Supreme Court of the United States.
Experience
Following is a selected sampling of matters and is provided for informational purposes only. Past success does not indicate the likelihood of success in any future matter.Representative Matters
- In re Geokinetics Inc. Assisted with representation of the official committee of unsecured creditors in the Chapter 11 cases of global providers of seismic data acquisition, processing, and integrated reservoir geoscience services to the oil and natural gas industry. Obtained a carveout for the benefit of unsecured creditors from pre-petition lenders’ cash collateral. In re Geokinetics Inc., et al., Case No. 18-33410 (Bankr. S.D. Tex)
- In re Life Settlements Return I, LLC. Represented chapter 11 debtors in consolidated chapter 11 cases. Debtors are a life settlements special purpose vehicle and its subsidiary holding company holding life insurance policies with estimated face value worth approximately $20.1 million faced with insolvency based on insureds outliving actuarial projections. In re Life Settlements Absolute Return I, LLC, Case No. 17-13030-MFW (Bankr. D. Del. 2017)
- In re Dart Music, Inc. Represented chapter 11 debtor in successful sale of IP assets under section 363 of the bankruptcy code. Debtor technology start-up was a unique provider of metadata solutions for the music industry faced with financial troubles arising from problems securing funding. In re Dart Music, Inc., Case No. 17-01300 (Bankr. M.D. Tenn. 2017)
- In re Cherokee Pharmacy & Medical Supply, Inc., et. al. Represented a Forbes 200 pharmaceutical whole-sale distributor in consolidated chapter 11 cases of local pharmacies holding a $1.2 million claim. In re Cherokee Pharmacy & Medical Supply, Inc., et. al., Case No. 17-bk-11920 (Bankr. E.D. Tenn. 2017)
- In re American Apparel, Inc. (“American Apparel 2”). Assisted with representation of successful purchaser of lease assets in chapter 11 case of clothing retailer having $230 million in debt. In re American Apparel, Inc., Case No. 16-12551 (Bankr. D. Del. 2016)
Educational Activities
- The University of Tennessee College of Law
- Vice Chair for Advocates’ Prize, Moot Court Board
- Founder of the UT Law Expungement Project, a pro bono organization connected to the College of Law's Legal Clinic that has helped hundreds of individuals remove dismissed charges from their records
Education
-
University of Tennessee College of Law,
JD,
summa cum laude
(2016)
- Member, National Moot Court Team (2014-2015)
- Winner of the 2015 Harrison Tweed Bowl for drafting the best brief in the National Competition
- Order of the Barristers
- Law Student for Justice Pro Bono Award
- Member, National Moot Court Team (2014-2015)
- Belmont University, BA, cum laude (2013)
Admissions
- Tennessee
- Supreme Court of the United States
- U.S. District Court for the Middle District of Tennessee
- U.S. District Court for the Eastern District of Tennessee
- U.S. District Court for the Western District of Tennessee
- U.S. Court of Appeals for the Sixth Circuit
Practice Areas
- American Bar Association Business Law Section Business Bankruptcy Committee, 20/20 Partners Rising Young Leader Award (2021)
- The Best Lawyers in America® Ones to Watch, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, Commercial Litigation (2021–2022)
- Mid-South Super Lawyers Rising Star, Business Litigation (2019–2021)
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