Greg Cross is the partner in charge of Venable's bankruptcy group. Mr. Cross also leads Venable's Commercial Real Estate Servicing practice and is a member of Venable's management board.
During the past twenty years Mr. Cross has established himself as a nationally recognized leader in his practice areas. Mr. Cross has confirmed the only successful bankruptcy restructuring of a financial services firm, served as lead lenders' counsel in the nation's largest real estate bankruptcy case, served as debtors' counsel in some of the largest bankruptcy cases ever filed in the Mid-Atlantic, and has successfully litigated numerous cases of first impression throughout the country.
Long before the recent economic downturn, Mr. Cross assembled a team of lawyers who focused the majority of their time on commercial real estate workouts. Mr. Cross has advised some of the nation's largest special servicers of CMBS assets on all aspects of commercial real estate loan workouts. Mr. Cross routinely develops training programs for these clients, is asked to lecture on commercial real estate and develops cutting edge approaches to structuring workouts.
Clients who hire Mr. Cross get far more than an experienced professional. Mr. Cross is an aggressive results-oriented practitioner with a strong business background. Mr. Cross' unique blend of business and litigation experience allows him to immerse himself in all aspects of a business workout. Mr. Cross' in-depth understanding of complex financial structures and commercial real estate makes him an invaluable counsel to both creditors and debtors in today's economic environment. Mr. Cross can handle matters of any size anywhere in the United States. He has led Venable teams of twenty or more lawyers and has had cases in more than 40 states during the past five years. Mr. Cross' clients benefit from having an adviser who understands their business needs as they navigate a complex negotiation or dispute.
Mr. Cross' clients include American Capital Strategies, CWCapital Asset Management LLC, C-III Asset Management LLC, Celsion Corporation, J.E. Robert Company, Inc., Midland Loan Services, ORIX Capital Markets, LLC, Promark Technologies, New Horizons Diagnostic, the Estate of Michael J. Jackson and enterprises throughout diverse industries.
Coordinating counsel for all secured creditors in the General Growth Properties bankruptcy case successfully restructuring $14 billion of secured debt. Lead lenders' counsel in the $4.1 billion Extended Stay Hospitality bankruptcy and the $5.8 billion default of Stuyvesant Town. Represented entertainer Michael J. Jackson in the out-of-court restructuring of his assets. Represented the State of Maryland in the bankruptcy involving the Preakness Stakes. Debtors’ counsel in the Thornburg Mortgage bankruptcy case. Successfully restructured $2.0 billion of debt and confirmed Maryland's largest plan of reorganization in the CRIIMI MAE bankruptcy case. Creditor's Committee counsel to the first committee of tenant in common investors in the Carolina 7 bankruptcy case initiated by Sunwest Senior Living. Successfully litigated some of the country's leading CMBS "repurchase" claims, where Mr. Cross has defined the rights of CMBS Trusts and mortgage loan sellers. Has led several fraud investigations and conducted trials involving complex international transfers of assets. Created denial of discharge and fraudulent conveyance records which have led to criminal convictions for bankruptcy crimes.
Mr. Cross has wide-ranging interests and is an active member of his community. Mr. Cross is Chair of the Judicial Nominating Commission for Baltimore City. Mr. Cross is currently the President of the Gibson Island Community and a member of the Board of Directors for the Maryland Zoo and Economic Alliance of Greater Baltimore. He has previously served as Trustee for the Maryland Affordable Housing Trust and on the Board of Directors for the YMCA of Central Maryland, other community associations and his church. Mr. Cross is a graduate of the 2002 Baltimore City LEADERship class. Mr. Cross is a member of the American, Federal, Maryland State, and Baltimore City Bar Associations. He also belongs to the Defense Research Institute and Maryland Association of Defense Trial Counsel.