Steven Hedberg
Steve was a partner at Perkins Coie for more than two decades and focused his practice on bankruptcy law.
He is an elected Fellow in the American College of Bankruptcy and a member of the American Bankruptcy Institute's Commission to Study the Reform of Chapter 11. His practice achievements include creditor representation in some of the nation's largest bankruptcy cases, such as Enron, Pacific Gas & Electric, Delta Airlines and Northwest Airlines. He received recognition from The Best Lawyers in America and Law & Politics magazine, which named him a "Top 50 Super Lawyer" in Oregon.
Education & Credentials
Education
- Lewis & Clark Law School, J.D., 1984
- Portland State University, B.A., Business Administration, Finance/Law Certificate, 1981
Bar and Court Admissions
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Washington
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Oregon
- U.S. District Court for the District of Oregon
- U.S. District Court for the Eastern District of Washington
- U.S. District Court for the Western District of Washington
- U.S. Bankruptcy Court for the District of Oregon
- U.S. Bankruptcy Court for the Eastern District of Washington
- U.S. Bankruptcy Court for the Western District of Washington
Related Employment
- Perkins Coie LLP, Portland, OR, COO, 2013 - present
- Perkins Coie LLP, Portland, OR, Partner, 1992 - 2013
- Miller, Nash, Wiener, Hager & Carlsen, Seattle, WA, Partner 1988 - 1992
- Miller, Nash, Wiener, Hager & Carlsen, Seattle, WA, Associate, 1987 - 1988
- Miller, Nash, Wiener, Hager & Carlsen, Portland, OR, Associate, 1985 - 1987
- Weaver & Layne, Portland, OR, Associate, 1984 - 1985
Professional Recognition
American College of Bankruptcy, Fellow
Listed in the Lawdragon 500 Leading U.S. Bankruptcy and Restructuring Lawyers, 2020, 2022 – 2023
Listed in The Best Lawyers in America, Bankruptcy and Creditor-Debtor Rights Law/Insolvency and Reorganization Law; Litigation - Bankruptcy, 2009 - 2013
American Bankruptcy Board of Certification, Board Certified in Business Bankruptcy Law, 1993 - Present
CLLA Academy of Commercial and Bankruptcy Law Specialists, Board Certified, Creditors’ Rights Law, 1994 - Present
Listed in Oregon Law and Politics, "Oregon Super Lawyers," from inception in 2006; Top 50 Oregon Super Lawyers, 2010 - 2012
Selected for "40 under 40 Award," given to young leaders in the business community demonstrating extraordinary business accomplishments, community involvement and vision for leadership, Portland Business Journal, 1997
Peer Review Rated AV in Martindale-Hubbell (AV®, BV® and CV® are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies.)
(AV®, BV® and CV® are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies.)
Impact
Professional Leadership
- American College of Bankruptcy
- American Bankruptcy Institute, Commission to Study Chapter 11 Reform
- Commercial Law League of America
- Turnaround Management Association
- American Bar Association, Committee on Business Bankruptcy and Subcommittee on Bankruptcy Aspects of Business Transactions; Litigation Section
- Washington State Bar Association, Creditor/Debtor Section; Business Law Section; Litigation Section
- Oregon State Bar Association, Debtor/Creditor Section; Business Law Section; Litigation Section; Financial Institutions Committee
- Merit Screening Committee - Bankruptcy Judgeship, District of Oregon
Community Involvement
- Portland Center Stage Board of Directors, Board Chair, 2011; Executive Committee Member, 2008 - Present; Board Treasurer, 2010
- University of Portland, President’s Advisory Council, 2000 - 2009
- Multnomah Bar Association Managing Partners’ Roundtable, 2003 - 2008
- Special Deliveries, Board of Directors, distributor of goods to charities, 2000 - 2003
- American Red Cross, Portland; Board of Directors, 1994 - 2000; Health and Safety Services Executive Committee, 1994 - 2000
- United States Courts for the Ninth Circuit, Judicial Screening Committee, Portland, OR, 1997
- Selected Past Board Memberships and Community Activities
Board of Directors, Columbia Willamette Region, United Way; Agency Services Subcommittee
Board of Directors, St. Mary of the Valley High School
Board of Directors, Board Chair, Catholic Youth Organization for Archdiocese of Portland, OR
Board of Directors, Pacific Northwest Blood Services, American Red Cross; Chair, Blood Services Budget Subcommittee for Pacific Northwest Blood Services, American Red Cross
American Red Cross Blood Services Pheresis and Blood Donor (8 gallons)
- Board of Directors, Columbia Willamette Region, United Way; Agency Services Subcommittee
- Board of Directors, St. Mary of the Valley High School
- Board of Directors, Board Chair, Catholic Youth Organization for Archdiocese of Portland, OR
- Board of Directors, Pacific Northwest Blood Services, American Red Cross; Chair, Blood Services Budget Subcommittee for Pacific Northwest Blood Services, American Red Cross
- American Red Cross Blood Services Pheresis and Blood Donor (8 gallons)
Professional Experience
Experience
Business
Asset Purchases from Bankruptcy Estates
Represent and advise parties seeking to purchase assets from Chapter 7 and Chapter 11 bankruptcy estates.
Counsel to The Boeing Company Regarding Commercial Law Issues
Counsel to Boeing, Boeing Capital Corporation, and their affiliates in commercial transactions including those involving the sale and lease of commercial aircraft, aircraft financing matters and maintenance and supplier agreements.
Frontier Resources, et al. v. Wachovia Bank, et al.
Negotiated settlement prior to trial dismissing all of plaintiffs’ $191 million in lender liability claims and granting Wachovia and other banks $1.2 million in cash plus additional property on their counterclaims.
Pacific Lifestyle Homes Inc.
General bankruptcy counsel to large developer of residential real estate projects in Oregon and Washington.
In re Troutman Investment Company d/b/a Troutman's Emporium
General bankruptcy counsel to family owned chain of 34 retail stores, resulting in liquidation sales and payout of over 65% to general unsecured creditors.
In re Archdiocese of Portland in Oregon
Counsel to class, including all Catholic parishes and parishioners in Western Oregon, in first Catholic diocese bankruptcy in United States.
Hawaiian Airlines Inc.
Representation of Boeing and affiliates in a heavily contested motion for appointment of a Chapter 11 trustee based on mismanagement and malfeasance related to CEO and majority owner's stock repurchase prior to insolvency. Motion granted following trial.
In re Delta Airlines Inc.
Counsel to Boeing and Boeing Capital Corporation as creditors and as chair of official committee of unsecured creditors.
In re Philippine Airlines
Represented Boeing as a secured creditor in bankruptcy case involving a sovereign insolvency proceeding in a U.S. Bankruptcy Court ancillary proceeding.
In re Power Company of America Inc.
Successful defense of $50 million preference and fraudulent transfer avoidance action brought by liquidating trustee of bankrupt wholesale electrical power trader.
Representation of Boeing and Affiliates in Airline Bankruptcy Cases
Representation of Boeing and affiliates in airline bankruptcy cases including In re AMR Corporation, et al., (Bankr. S.D.N.Y. 2011), In re Delta Air Lines Inc. (Bankr. S.D.N.Y. 2005), In re Northwest Airlines Inc. (Bankr. S.D.N.Y. 2005), In re U.S. Airways Inc. (Bankr. E.D. Va. 2004), In re Aloha Airlines Inc. (Bankr. D. Haw. 2004), In re ATA Airlines Inc. (Bankr. S.D. Ind. 2004), In re Atlas Air Inc. (S.D. Fla. 2004), In re Hawaiian Airlines Inc. (Bankr. D. Haw. 2003), In re UAL Corporation (Bankr. N.D. Ill. 2002), In re U.S. Airways Group Inc. (Bankr. E.D. Va. 2002), In re TWA Post Confirmation Estate (Bankr. D. Del. 2001), Japan Airlines Corporation (Tokyo 2010)
In re Eclipse Aviation Corporation
Counsel to ad hoc committee of Eclipse Aircraft purchasers and owners.