Faculty Profiles

Kenneth Klee

Kenneth N. Klee

Professor of Law Emeritus
A.B. Stanford, 1971
J.D. Harvard, 1974
UCLA Faculty Since 1979

LAW 740 - Bankruptcy Transactional Course: Negotiating and Confirming Chapter 11 Plans

Students will be divided into groups and assigned one of  four  roles -- debtor's counsel, secured bank's counsel, unsecured creditors' committee 's counsel, and Noteholders counsel. You will be assigned a complex corporate reorganization problem and will be expected to negotiate and/or litigate a plan of reorganization with the other members of your group. Each student will be expected to prepare approximately forty pages of legal documents, likely more if you are unable to negotiate a consensual resolution. Required written work will include an initial strategy memorandum, a plan of reorganization and confirmation briefs either in support of or in opposition to your group's plan, and a brief post-mortem memorandum reflecting on the plan process within your group. Oral argument  in front of a judge  at a mock confirmation hearing is also required. Classroom sessions will focus on  negotiation theory and practice as well as  advanced topics in bankruptcy laws that relate to the reorganization problem and strategic considerations in the plan process.

Method of evaluation: There will be no final examination. I will grade the written work for its technical merit. Final grades will be based primarily on this non-anonymous assessment of the written work and argument and secondarily on my subjective assessment of how well each student has advanced his or her client's interest in the plan process – (i.e. results obtained).

Law 248 - Bankruptcy is recommended but not required. Those students that wish to enroll in this seminar but who have not previously taken Law 248 must enroll in the separately graded one-unit substantive overview of chapter 11 offered during the first two weeks of the Spring Term (Law 940).  Those enrolled in Law 740 who have had Law 248 may if they wish attend the overview sessions but will not receive any additional credit for doing so.