Redfield T. Baum
|Redfield T. Baum, Sr.|
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|Current Court Information:|
|United States bankruptcy court, District of Arizona|
|Active:||1990 - 02/13/2013|
|Succeeded by:||Eddward Ballinger, Jr.|
|Undergraduate:||Arizona State U., 1970|
|Law School:||Arizona State U. Law, 1973|
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 retired on February 13, 2013, succeeded on the court by Eddward Ballinger, Jr..
From 1973 to 1980, he practiced with and became a partner at the Arizona law firm of Rawlins, Ellis, Burris & Kiewit. He then transitioned his practice to become a partner and director at the O’Connor, Cavanagh, Anderson, Westover, Killingsworth & Beshears law firm, which was one of the largest law firms in Arizona at the time. While there, Baum concentrated in commercial law, creditor’s rights, bankruptcy, chapter 11 reorganizations, and litigation.
Awards and associations
In 2000, Baum was chosen one of the 10 "outstanding bankruptcy judges" by Turnarounds & Workouts, a respected bankruptcy publication. Baum was also one of the original authors of the Arizona Civil Remedies Book.
International teaching and speaking engagements
In August 1996, Baum 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.
In 2005, Baum spoke at the International Bar Association’s annual meeting in the Czech Republic. Four years later, in 2009, Baum, along with 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, and how to understand the dynamics of bankruptcy negotiation among various interest groups.
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. The 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. Bob McKenzie of TSN Sports News 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 2008 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 controlled the team.On September 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 owned its member teams and where they played.
- Toronto Star, "Judge no stranger to tough fights," June 11, 2009
- Third Branch News, "Judicial Milestones," February 2013
- Courthouse News Service, "Bankruptcy Judges Appointed in Arizona," November 6, 2012
- Judge Profile: Redfield T. Baum, Sr.
- Information about Redfield Baum
- US Bankruptcy Judges in Prague Oct. 9, 2009
- Business Wire, "Phoenix Coyotes File for Bankruptcy Court-Approved Sale," May 5, 2009
- TSN Sports News, "McKenzie: Situation With Coyotes Will Be Messy," May 6, 2009
- U.S. Bankruptcy Court, District of Arizona, Coyotes Holdings, LLC Bankruptcy Petition, accessed January 11, 2014
- Arizona Republic, "Coyotes, NHL to battle in court," May 7, 2009
- ESPN, "Judge rejects bids by Balsillie, NHL," October 1, 2009
- Sports Illustrated, "Balsillie offers to buy off Glendale in bid for Coyotes," September 8, 2009