David Samole, a partner at Kozyak Tropin & Throckmorton, focuses his practice on corporate bankruptcy and insolvency-related litigation matters. He represents parties in corporate reorganization, liquidation, workouts and financially distressed transactions, and also serves as a fiduciary Assignee in state court liquidation proceedings. David also has represented healthcare providers in disputes with managed care companies and government payers.
David’s insolvency-related litigation experience includes representing corporate debtors, creditors, committees, trustees and related parties in contested Chapter 11 proceedings, including principals, guarantors and Section 363 asset purchasers in the healthcare, real estate, hospitality, retail, aviation, banking, maritime, and construction industries, as well as in cross-border insolvencies.
David also handles many of the firm’s more complex trustee matters, including in the bank holding and Ponzi scheme litigation contexts, in addition to the firm’s clients facing potential exposure for avoidable transfers under the Bankruptcy Code or under applicable state law. He frequently represents commercial landlords and other corporate entities and counterparties in bankruptcy proceedings and insolvency-related litigation throughout the country. His practice also includes bankruptcy appeals, assignments for the benefit of creditors, receiverships, and serving as a fiduciary or fiduciary counsel in federal bankruptcy and state court liquidation proceedings.
David’s healthcare litigation matters focused on reimbursement litigation on behalf of providers, including a portfolio of managed care litigation matters for one of the largest hospital/health systems in the Southeast United States.
David is the Past-President of the Bankruptcy Bar Association of the Southern District of Florida, and he also served as the President of the University of Chicago Alumni Club of South Florida.
When he is not working at the firm, David enjoys running, attending Miami Heat home games, and spending time with his family. He lives in Miami with his wife, Brigid, who is an attorney, and their two children.
David represents Baptist Health South Florida and its hospitals with their reimbursement litigation disputes with commercial payers as a participating provider and in the non-participating provider context. He also represents various physician groups, medical centers and other providers in their reimbursement disputes with commercial and governmental payers. David has represented healthcare providers both in and out of court, in arbitration proceedings and in the boardroom to resolve reimbursement disputes, recover multiple millions of dollars in underpayments and zero payments, and enter into or otherwise address network agreements.
David currently serves as Bankruptcy Counsel to the Chapter 11 Trustee administering the 9 jointly administered estates of American Resource Management Group, LLC and affiliated entities d/b/a Resort Release, a group of timeshare exit companies. He has provided multi-faceted legal representation to oversee the comprehensive transition of operations, pursue the liquidation and recovery of assets, address the interests of timeshare exit customers and resort developers, and handle various litigation matters.
David currently represents Nueterra Capital, which provides equity investment and advisory services to a bevy of healthcare companies, hospitals and other providers, as well as NueHealth, a national system of integrated provider networks aligning physicians and healthcare consumers to deliver value-based healthcare, in the Chapter 11 hospital bankruptcy proceedings of The Miami Medical Center.
David continues to act as bankruptcy counsel to DHL and its affiliates in the Chapter 11 filings and other insolvency proceedings of their corporate customers around the Country. He has served as DHL bankruptcy counsel in over 35 creditor/committee bankruptcy matters maximizing DHL’s recovery and/or protecting their interests as an international global shipping and logistics company.
Recently, David served as counsel to the Chapter 11 Trustee and then Plan Administrator in NNN Doral Court, LLC et al, which were real estate based bankruptcy proceedings filed by 29 Tenants-in-Common entities as to a commercial office building and other acres of land, effectuating a $25.9 million purchase and sale as part of a jointly administered Chapter 11 confirmation plan, and also pursued and recovered a favorable insurance settlement on behalf of the estates relating to asserted damages for business interruption and lost rent.
David previously led a group of equity interest holders in the Chapter 11 case of TLFO, LLC in successful litigation to re-characterize approximately $23 million of a secured lender’s claim as equity, improving the equity holder distribution by millions of dollars.
David also represents statutory trustees and official creditor committees in bank holding bankruptcy cases such as First State Bancorporation, BankUnited Financial Corporation and MetroBank Financial Services, in litigation over tax refunds, capital maintenance obligations and director & officer claims.
David has served in a fiduciary capacity as the post-confirmation distribution agent of an individual Chapter 11 debtor estate liquidating litigation claims and other assets. David also was appointed as the fiduciary assignee over Monel, Inc, an international specialty food distributor, and fully liquidated the estate with a return to all creditors within 120 days in state court liquidation proceedings. He has also been selected to serve as Assignee in another matter liquidating a franchisor in the hospitality industry.
David also has represented bankruptcy trustees, receivers, investor groups and ad hoc creditor groups to recover proceeds on claims against financial institutions and other third parties emanating from S.E.C. fraud, Ponzi schemes and other misconduct, such as the bankruptcy proceedings involving National Century Financial Enterprises, Royal West Properties, MP Diagnostic, Commodities Online and Private Commercial Offices.
David was part of the bankruptcy team that represented victims of the billion dollar Scott Rothstein Ponzi Scheme, one of the largest Ponzi schemes in history and the largest in Florida history. He was part of the lead counsel team of lawyers in this complex case, which involved simultaneous litigation in bankruptcy court, state court, and U.S. District Court. The case involved litigating numerous complex issues, some of which threatened the ability of victims to bring lawsuits to recover their losses, and the ultimate negotiation of a favorable treatment for the investors in a confirmed consensual Chapter 11 plan. David also frequently represents the firm’s clients to prosecute, defend or otherwise help resolve insolvency-related litigation, avoidable transfers and other financially distressed transactions, litigation and disputes.
David has successfully represented commercial and private lenders, landlords and corporate creditors in contested Chapter 11 proceedings regarding confirmation hearings, disputed use of cash collateral, bad faith filings, stay relief for cause, letter of credit issues, lease assumption and rejection, discharge litigation and avoidable transfer claims litigation. He also represents claimants pursuing post-confirmation litigation against reorganized debtors or third parties from challenges that Chapter 11 confirmation orders, claims bar dates or sale orders prohibits such litigation, including recent post-confirmation litigation against the Alderwoods/Loewen cemetery conglomerate. David has advised parties on all sides who are subject to troubled loans, pending litigation, post-judgment recovery and other financially-distressed transactions to explore and address workout solutions to maximize a recovery for the creditor or minimize financial disruption to the debtor, borrower, guarantor, etc.
- Panelist, 26th Annual CFBLA Seminar & State of the District, Tangled In a Preference: Strategies for All Stages of Preference Actions (2018)
- Bankruptcy Seminar Client Series, Dealing with Financially Distressed Customers: Protecting Rights & Maximizing Recovery (2017 – Update to 2013 Lecture Series)
- Panelist – Intersection of Healthcare and Bankruptcy – BBA Brown Bag Courtroom Series (2017)
- Guest Lecturer – FIU Law School – Prosecution, Defense & Resolution of Avoidance Actions in Bankruptcy Court (February 2017)
- Seminar Presenter — Chapter 11 Challenges – Going Beyond the Basics: Pre-Confirmation Middle Stage of Chapter 11s – “In the Trenches . . . “ (2016)
- Bankruptcy Committee Seminar – Extraordinary Remedies: Proceedings Supplementary and Involuntary Bankruptcy (2015)
- Bankruptcy Seminar Client Series, Dealing with Financially Distressed Customers: Protecting Rights & Maximizing Recovery (2013)
- Association of Corporate Counsel, Annual Conference – Handicapping the Playing Field: Addressing Frequent Issues in Bankruptcy Litigation (2013)
- Bankruptcy Seminar – The Ten Commandments of Commercial Landlords and Tenants in Bankruptcy (2012)
- Bankruptcy Seminar – Secured Creditor Strategies — Maintaining Triple Threat Position: Push, Posture & Maximize Value (2010)
- American Association of Matrimonial Lawyers, 32nd Annual Institute, Keep Your Client From Drowning: How To Deal With Bankruptcies and Foreclosures (2010)
- Bankruptcy Seminar – Divorce Wars: When the DSO Creditor Strikes Back — The Recent Empowerment of a DSO Creditor in Bankruptcy (2010)
AWARDS & RECOGNITION
- Recognized in Best Lawyers in America, Chambers and Partners, Florida Trend, Legal Elite and Super Lawyers publications.
- Finalist for Leaders in Law award by South Florida Business & Wealth Publication (2015)
- “Top 40 Under 40” attorneys in Miami by the Cystic Fibrosis Foundation (2014).
What's trending with David
Over the last few years, increased competition and reimbursement landscape challenges have led some hospitals, health systems, physician groups, assisted living facilities and other providers to file for bankruptcy.
Various factors including increased competition and reimbursement landscape challenges have led hospitals and other healthcare providers to file for bankruptcy over the last few years.
Various factors including increased competition and reimbursement landscape challenges led hospitals and other health care providers to file for bankruptcy over the last few years. For the remainder of 2017, due in part to the current uncertainty in the health care industry and its legislative oversight, more financially distressed providers are considering Chapter 11 bankruptcy to effectuate closures, consolidation, restructurings and related transactions.
One of the rare legal issues in which bankruptcy practitioners usually are able to speak to clients in absolute terms to provide clear legal advice is the limitations period concerning the pursuit of avoidable transfers in bankruptcy proceedings.
Homestead Exemption No Longer “Debtors’ Paradise”, American Bankruptcy Institute Journal, Jan. 2006.
New Law, New Tools for Creditors, Business Law Today, Nov./Dec. 2006.
Managing the Minefield of Post-Confirmation Suits and Jurisdiction, American Bankruptcy Institute Journal, Feb. 2008.
Increasingly, true reorganizations under Chapter 11 are the exception, not the rule, as corporate debtors utilize bankruptcy sales to maximize asset value and pay creditors.
Barry Mukamal is a panel trustee for the Southern District of Florida. He was appointed as the Chapter 11 Trustee of American Resource Management Group, LLC/Resort Release, a group of timeshare exit companies.
David Samole currently represents a group of 184 pension claimants in the multi-million dollar Chapter 11 bankruptcy proceedings of the Archdiocese of San Juan as part of the Catholic Church of Puerto Rico.
Robert Angueira is a panel trustee for the Southern District of Florida Bankruptcy Court. He was appointed the Chapter 7 trustee of Leonidas Ortega Trujillo, a debtor subject to a $570 million judgment in favor of the Interamerican Asset Management Fund (the Republic of Ecuador) arising from fraud in connection with the failure of Banco Continental, Ecuador’s fourth largest bank.
Barry Mukamal is a panel trustee for the Southern District of Florida Bankruptcy Court. He was appointed the Chapter 7 Trustee of Donald Kipnis, a construction executive. Prior to bankruptcy, Mr. Kipnis litigated with the IRS for years before losing in Tax Court. Cori Lopez-Castro led the team that prosecuted the adversary proceeding asserting that the Debtor fraudulently transferred a luxury condominium as part of a premarital settlement agreement 11 years prior to his bankruptcy.
Kozyak Tropin & Throckmorton is a complex commercial litigation firm founded in 1982 that focuses its practice on bet-the-company commercial cases, class actions, healthcare and bankruptcy matters.