Mr. Carothers joined Thorp Reed & Armstrong in 2003. He is a member of the firm's Bankruptcy and Financial Restructuring Group. Mr. Carothers has represented numerous businesses in out of court restructurings, as well as in Chapter 11 bankruptcy reorganizations. He has also represented several unsecured creditor committees in Chapter 11 bankruptcy cases. In addition, Mr. Carothers routinely represents clients in bankruptcy litigation matters involving fraudulent transfers, “preferential” transfers, fraud actions, director and officer liability cases and breach of fiduciary duty cases.
Mr. Carothers also advises domestic and international companies on a wide variety of corporate issues, including entity formation, real estate transactions, asset purchases, general contract review, and compliance with various laws and regulations, notably the Foreign Corrupt Practices Act.
In 2002, Mr. Carothers served as law clerk to both United States Bankruptcy Judge Morgenstern-Clarren, in the Northern District of Ohio, and the 6th Circuit Bankruptcy Appellate Panel.
Mr. Carothers has been selected for inclusion in Pennsylvania Super Lawyers - Rising Stars Edition, 2007 and 2008.
Mr. Carothers has made comments recently about the automobile industry crisis:
Appeared on CNBC (April 2009) to discuss possible Chrysler bankruptcy
Commented on a recent investment shortfall and its impact on Pittsburgh-area colleges and universities for the Pittsburgh Tribune Review
Offered insight on Chrysler bankruptcy deal for Investor's Business Daily
Discussed possible GM bankruptcy with Reuters
Discussed AIG’s legal options in a potential bankruptcy with A.M. Best and Trading Markets
Appeared on CNBC (May 2, 2009) to discuss the impact of Chrysler's bankruptcy on General Motors
Bankruptcy
Represented the Debtor in the Republic Steel Technologies International bankruptcy.
Represented the Official Committee of Unsecured Creditors in the Ruthrauff, Inc. bankruptcy.
Represented the Official Committee of Unsecured Creditors in the Sargent Electric Company, Inc. bankruptcy.
Represented the Debtor in the Senior Choice, Inc. bankruptcy.
Represented the Debtor in the Greystone Holdings bankruptcy.
Represented the Debtor in the B Warehouse Company bankruptcy.
Represented the Official Committee of Unsecured Creditors in the Buffalo Coal Company bankruptcy.
Represented a personal injury claimant in preservation of a $5 million claim in the Wheeling Pittsburgh Steel bankruptcy.
Represented a secured creditor in preservation of a purchase money secured claim in the Pro Care Automotive Solutions bankruptcy.
Represented Mexican individuals and several Mexican companies in defense of a $50 million fraudulent transfer/breach of fiduciary duty action in the IFS/Interamericas Corporation bankruptcy in Houston, Texas.
Has represented over 100 companies and individuals in defense of “preference” and fraudulent transfer lawsuits. Has defended clients sued in these actions in, among other cases, the Enron Corporation, Collins & Aikman Corporation, Intermet Corporation, Huffy Corporation, Wheeling Pittsburgh Steel Corporation, J. Allen Steel, LTV Steel, Erie Power & Technologies and WCI Steel Corporation bankruptcies.
Represented liquidating and Chapter 7 trustees and creditor committees in pursuit of fraudulent transfer actions and in general liquidation proceedings.
Represented creditors seeking critical vendor status in bankruptcy proceedings.
Represented numerous banks and secured parties in protecting their collateral in bankruptcy matters.
