Biography
Gilbert R. (“Gib”) Saydah Jr. is a partner in Montgomery McCracken’s Business Department and is a member of the firm’s Bankruptcy & Financial Restructuring practice group.
Gib has had extensive experience representing parties in Chapter 11 bankruptcy and out-of-court restructuring proceedings, including official committees of unsecured creditors; owners and purchasers of distressed assets; shopping center owners, management companies, and other landlords; large individual creditors; debtors in possession; indenture trustees; liquidating trustees and plan administrators.
Prior to joining Montgomery McCracken, Gib was a partner at a large international law firm.
Selected Representations
- Official Committees of Unsecured Creditors:
- Willowood USA Holdings; Centerstone Linen; Puglia Engineering; Conexant Systems; dELiA*s; OCZ Technology Group; USA Discounters; Real Mex Restaurants; Fuddruckers; Z Gallerie; Anchor Blue; Bachrach, Inc.; Delfasco Inc.; Four Points Corporation; and Jillians Entertainment Holdings.
- Retail Cases (Various Landlord and Shopping Center Manager Representation):
- Sears Holdings; Things Remembered; A&P (I & II); Anna’s Linens; Backyard Burger; Bakers Footwear; Betsey Johnson; Blockbuster; Borders; Boscov’s; Buffets Holdings (I & II); Circuit City; Coldwater Creek; CompUSA; Deb Shops; Everything But Water; Filene’s Basement; Frederick’s of Hollywood; Fresh & Easy Supermarkets; Friedman’s Jewelers; Friendly’s; Goody’s (I & II); Haggen; Jackson Hewitt; KB Toys; Levitz; Linens ‘n Things; Mattress Discounters; Mervyn’s; Movie Gallery; Quiksilver; Quiznos; RadioShack; Ritz Cameras (I & II); Sbarro (I & II); Sharper Image; Souper Salad; Sports Authority; Sportsman’s Warehouse; Steve & Barry’s (I & II); Trade Secret; United Retail Group (Avenue); VICORP Restaurants; Wet Seal; and Whitehall Jewelers.
- Individual Creditors and Committee Members:
- 33 Peck Slip; Aleris; Delphi; Dendreon Pharmaceuticals; Lehman Brothers; Martifer Solar; Millennium Labs; Nortel Networks; Patriot National; Project Orange Associates; Relativity Media; Savient Pharmaceuticals; Stinson Petroleum; and U.S. Coal.
- Debtors:
- Hancock Fabrics; Oakwood Homes Corporation; Pillowtex Corporation; J. Silver Clothing, and E-Z Serve Convenience Stores.
- Indenture Trustees:
- Calpine and Midway Games.
- Liquidating Trustees / Litigation Trustees / Plan Administrators:
- Anchor Blue; Conexant; Copperweld; Jennifer Convertibles; Jillians Entertainment Holdings; Land Source; Oakwood Homes Corp.; OCZ Technology; Pillowtex; Uni-Marts; and VeraSun.
- Purchasers of Assets:
- Enumeral Biomedical Holdings; Heritage Home Group; Oreck Corporation; Haggen; and MetroPark.
- Directors and Officers:
- ERP Iron Ore, LLC
- Riverstone Networks, Inc.
Selected Publications
- Co-author, “You’ve Cut Costs, Laid Off, or Furloughed Employees. Now What?” April 2020
- Co-author, “Business Disruption Due to COVID-19,” March 2020
- Noted in, “Laminates Maker API Americas Gets Nod For $6M Ch. 11 Sale,” Law360, March 2020
Community Involvement
- Princeton Alumni Schools Committee
- Texas Exes – Lifetime Member
Honors & Awards
- 2018 and 2019 New York Metro Super Lawyers – Bankruptcy Law
- Retail Manufacturing/Distribution Deal of the Year (Sale of Oreck Corporation to Royal Appliance Manufacturing Co.), The M&A Advisor, 2014
Professional Activities & Achievements
- American Bankruptcy Institute
- Turnaround Management Association
- International Council of Shopping Centers
Academic Achievements
Gib received his J.D. from The University of Texas School of Law. He earned his A.B. in Molecular Biology from Princeton University.