Carole shared the responsibility for the Creditors Committee in the United Airlines cases with Fruman Jacobson. Her experience in the airline industry includes committee representations in the Aloha, Pan Am, Continental, Sun Country and Frontier bankruptcy cases. She is currently representing a group of defrauded investors in the Bayou hedge fund bankruptcy cases and Madoff SIPA case.
In the Bayou cases, Carole was instrumental in expanding the coverage for victims of the fraud in the criminal proceedings and overturning a decision of the bankruptcy court regarding the good faith defense with respect to a redemption of hedge fund investments.
Her recent creditor committee representations include the Creditors Committee in the Aloha Airlines cases in Hawaii, TeeVee Toons in the Southern District of New York, the Fountain View nursing home cases in California, Lois advertising bankruptcy cases in the Southern District of New York, and the Creditors Committee in the Kellstrom Industries cases in Delaware. Carole has also represented the creditors committees in the Grand Union Capital Corp., Zephion, RDM, First Plus Financial and Keene Chapter 11 cases, as well as equity committees in the Kasper A.S.L. Ltd., New Valley (Western Union) and the UDC Homes cases.
She served as counsel to New World Acquisition in its successful bid with Signature Holdings, Inc. to acquire Fremont General Corporation through a plan of reorganization. Carole represented the Pension Benefit Guaranty Corporation ("PBGC") in the settlement of a $10 billion liability and as a member of the creditors committee in the Chrysler case. She also serves as lead counsel for the PBGC in the AMR bankruptcy case.