Redfield T. Baum
Redfield T. Baum, Sr. was a bankruptcy court judge for the United States bankruptcy court, District of Arizona. He was appointed to the bench in 1990 and was succeeded on the court by Eddward Ballinger, Jr. in 2013.
He was a partner and director at the O’Connor, Cavanagh, Anderson, Westover, Killingsworth & Beshears law firm, which was during the time one of the largest law firms in Arizona. While there he concentrated in commercial law, creditor’s rights, bankruptcy, chapter 11 reorganizations, and litigation. From 1973 to 1980, he practiced with and became a partner at the Arizona law firm of Rawlins, Ellis, Burris & Kiewit.
Work as an Author
Judge Baum was one of the original authors of the Arizona Civil Remedies Book.
A notable case on this page needs to be updated.
Phoenix Coyotes bankruptcy case (2009)
*In re Dewey Ranch Hockey, LLC 2:09-bk-09488-RTBP
On May 5, 2009, Dewey Ranch Hockey LLC, the holding company for the Phoenix Coyotes, filed for Chapter 11 bankruptcy. In a statement, Coyotes CEO Jerry Moyes announced that he had agreed to sell the team to PSE Sports and Entertainment for $212.5 million.
The announcement came as a surprise to the NHL and even to Coyotes staffers. NHL Commissioner Gary Bettman helped broker a deal that would have seen the Coyotes sold to Chicago Bulls and Chicago White Sox owner Jerry Reinsdorf. The Reinsdorf deal would have seen the Coyotes stay in Arizona. Terms of the Reinsdorf deal were not disclosed.
The bankruptcy hearing was scheduled for May 7, 2009. Court documents submitted by Moyes cited 30 creditors, including Moyes himself for an amount in excess of $103 million. TSN's Bob McKenzie said that Moyes was very receptive to Balsillie's offer because, as the team's largest unsecured creditor, the best chance of getting most of his money back was to persuade someone to buy the team out of bankruptcy.
At the bankruptcy hearing, the NHL argued that it had been in control of the team since November by virtue of a proxy agreement with Moyes. The NHL claimed this agreement, and several others signed by Moyes, specifically barred Moyes from filing for bankruptcy. Moyes claimed that the agreement only gave the league voting rights, not outright control. Judge Baum scheduled a second hearing for May 19, 2009 to determine who actually controls the team.On Sept 30, 2009, Judge Baum turned down the offers from Basillie and the NHL."In hockey parlance, the court is passing the puck to the NHL who can decide to take another shot at the sale net or it can pass off the puck," Judge Baum wrote. Balsillie's bid, which rose to $242.5 million in an effort to persuade the city of Glendale, Arizona to drop its opposition, was denied outright by Baum, who said the NHL had the legal right to determine who owns its member teams and where they play.
In 2005 Baum spoke at the International Bar Association’s annual meeting in the Czech Republic in 2005.
In 2009 Judge Baum, Judge Charles Case, and attorney Thomas J. Salerno were invited to visit Prague and teach Czech insolvency judges, trustees and practitioners how to write a good reorganization plan, how to value assets, to understand the dynamics of the negotiation among the various interests groups.
In August 1996 Redfield participated in the program “Reducing the Risk: Promoting Mutual Understanding in Insolvency Practices” given in San Jose, Costa Rica. The event was co-sponsored by the Associacion Costarricense de Derecho Internacional and the American Bankruptcy Institute.
- District of Arizona bankruptcy court
- Judge Profile: Redfield T. Baum, Sr.
- Redfield T. Baum; Phoenix judge holds Coyotes' fate in his hands September 19, 2009
- ↑ 1.0 1.1 1.2 1.3 Judge no stranger to tough fights June 11, 2009
- ↑ Courthouse News Service, "Bankruptcy Judges Appointed in Arizona," November 6, 2012
- ↑ Judge Profile: Redfield T. Baum, Sr.
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 Information about Redfield Baum
- ↑ Businesswire.com, "Phoenix Coyotes File for Bankruptcy," May 5, 2009
- ↑ 6.0 6.1 "Situation with Coyotes will be messy," May 6, 2009
- ↑ The Toronto Star, PDF of Coyote Holdings bankruptcy filing
- ↑ Coyotes, NHL to battle in court
- ↑ 9.0 9.1 Judge rejects bids by Balsillie, NHL
- ↑ Balsillie offers to buy off Glendale in bid for Coyotes
- ↑ US Bankruptcy Judges in Prague Oct. 9, 2009