Photo of E. Todd  Sable

E. Todd Sable

Partner
Leader, Commercial Transactions Practice Group

Education

Michigan State University, J.D.
  • cum laude
  • Law Review, Member and Note and Comment Editor
Albion College, B.A.

Bar Admissions

Court Admissions

Clerkships

  • Michigan Court of Appeals, Pre-Hearing Attorney and Law Clerk, 1996-1997
Overview
Experience
Community
News & Resources
Honors

Overview

Mr. Sable focuses his practice on commercial transactions, and bankruptcy and corporation reorganization matters. He regularly represents major original equipment manufacturers and suppliers in the development of strategies for the protection of just-in-time supply of component parts produced by commercial contract negotiation among suppliers, customers, lenders and other creditors, and in purchase and divestiture transactions.

  • Possesses extensive experience in transactions under Article 2 and Article 9 of the Uniform Commercial Code, including in the development and negotiation of supply agreements, manufacturing agreements, purchase and sale agreements, and purchase order terms and conditions
  • Serves as special commercial counsel in corporate, merger, acquisition and financing transactions
  • Possesses substantial experience representing strategic and financial purchasers and sellers of assets and businesses in non-distressed conditions, and in Bankruptcy Code section 363 sales, under bankruptcy plans of reorganization and liquidation, under Article 9 of the Uniform Commercial Code, and in other insolvency and related proceedings
  • Counsels debtors, creditors' committees, customers, suppliers and lenders in commercial bankruptcy and reorganization proceedings, financial restructurings, liquidations and workouts throughout the United States
  • Represents parties in commercial litigation, preference actions, fraudulent transfer actions and other bankruptcy litigation
  • Acts as external general counsel to various automotive suppliers

Experience

  • Advised Tier 1 automotive supplier as lead counsel in acquisition of key business unit from North American OEM
  • Represented Tier 1 automotive supplier as lead counsel in the acquisition of multiple North American and European Tier 1 and 2 casting suppliers from leading private equity fund
  • Served as lead commercial counsel for global Tier 1 automotive supplier in the $110 million acquisition of joint venture membership interests in a major North American supplier of lighting and signaling systems
  • Represented multinational automotive supplier in the formation of minority business enterprise/joint venture for a North American manufacturing operation, including development of organizational structure and counseling during operational start-up phase, as well as negotiation of key agreements with OEM customer and primary supplier
  • Acted as lead bankruptcy counsel in the matter of Capitol Bancorp Ltd., a bank holding company with a network of banks and bank operations in ten states and total consolidated assets of approximately $2.0 billion, resulting in a confirmed Chapter 11 plan
  • Served as lead bankruptcy counsel in $90 million luxury hotel acquisition pursuant to Bankruptcy Code section 363
  • Acted as lead commercial and bankruptcy counsel in $170 million corporate and credit agreement restructuring
  • Served as lead bankruptcy counsel for purchaser of landmark, Detroit skyscraper pursuant to Bankruptcy Code section 363
  • Served as lead counsel to industrial manufacturer borrower in $55 million revolving line of credit workout
  • Advised casino as co-lead counsel with respect to $150 million debtor-in-possession financing facility

Community

Temple Beth El, Bloomfield Township, Michigan

  • Board of Trustees and Executive Committee, Member
  • Vice President

French-American Chamber of Commerce, Firm Representative

Detroit Economic Club, Member

News & Resources

Press Releases

Publications

Seminars & Events

Honors

  • Chambers USA: America's Leading Lawyers for Business, 2010-2013 
    • Recognized as one of America's leading business lawyers in the Banking and Financing field in Michigan; the Chambers guide adds:
      • 2013 - "Todd Sable is a bankruptcy specialist, with a particular interest in the automotive and manufacturing industries. Clients report that 'he gives you answers that allow your business people to understand the risks and make informed decisions.'"
      • 2012 - "Clients say bankruptcy expert Todd Sable 'brings a depth of experience to commercial matters, gets to the heart of issues quickly and focuses on the critical aspects from a customer viewpoint.'"
  • The Best Lawyers in America, 2009-2014 
  • Michigan Super Lawyers, 2009-2013
  • DBusiness, Top Lawyers, 2010-2014
  • Martindale-Hubbell AV® Preeminent™ Peer Review Rated