Snokist Growers

In 2011-2012, David Criswell represented a secured lender with a $10 million loan in the Snokist Growers Chapter 11 bankruptcy case in the Eastern District of Washington Bankruptcy Court.  Snokist was a cooperative whose operations included the storing, packing and sale of fresh fruit as well as the processing and canning of apple, pear, and other fruit products.  Mr. Criswell represented the lender client in a series of contested matters concerning adequate protection, section 363 sale, and auction proceedings and negotiations with other secured lenders with overlapping liens.  Because of our successful representation, the client received a 100% payoff on its loan when the Chapter 11 bankruptcy case reached a successful conclusion, with Del Monte (a manufacturer and marketer of processed foods) purchasing substantially all of the operating assets of Snokist.