Bailey & Glasser LLP

Attorney

THANOS BASDEKIS Attorney

Bailey & Glasser LLP
209 Capitol Street
Charleston, WV 25301

  • T: 304.345.6555
  • F: 304.342.1110

Thanos maintains a diverse practice, including his high-profile role representing the creditors of Yellowstone Club, a luxurious ski and golf club in Montana that went bankrupt after Timothy L. Blixseth pocketed much of a $375 million Credit Suisse loan to the resort and gave control of the resort to his wife during their 2008 divorce. As trial counsel, Thanos obtained a $286.4 million verdict against Blixseth in federal court in Montana. Separately in federal court in California, Thanos helped obtain an over-$200 million judgment against Blixseth as well on a case in which Blixseth defaulted on a loan agreement.

He also represented Washington Redskins wide receiver Pierre Garcon, who in 2015 filed a class-action lawsuit against daily fantasy sports company FanDuel on behalf of all offensive players in the NFL. Garcon’s lawsuit claims that FanDuel “improperly exploits the popularity and performance” of NFL players without their permission to do so. The lawsuit, filed in the United States District Court of Maryland, alleged that FanDuel benefitted from the performance and popularity of the players without a license and, through a “comprehensive television advertising campaign,” FanDuel used the “names and likenesses of some of these NFL players without authorization to promote FanDuel’s commercial enterprise.” The case was quickly settled.

Thanos concentrates on commercial litigation, ERISA/ESOP litigation, and bankruptcy- and insolvency-related litigation. Thanos’ work as an attorney is about helping others. He enjoys working with clients to help them meet their goals in their businesses and in the courtroom.

He is an experienced litigator, who has routinely won multi-million dollar verdicts in complex corporate cases. He has also defended corporations in contract claims.

Thanos, as trial counsel, recently obtained a $21.1 million dollar verdict against John P. DeBlasio and Sallyport Global Holdings, Inc., in a breach of contract valuation case in federal court in New York City. As co-lead counsel, he defended International Industries Inc. from a $127 million breach of contract claim. After five years of litigation, the court limited the plaintiff’s maximum recovery to $2 million and the case was quickly resolved.

Thanos also has substantial experience in personal injury and wrongful death cases, which includes a $5 million verdict against the District of Columbia in a catastrophic brain injury case concerning a diving board accident involving a young child.

He was also part of a Bailey & Glasser team that represented the FDIC in its capacity as the receiver of Colonial Bank. Their work led to a $16.5 billion multi-case, multi-agency settlement that included payments of more than $1 billion to the FDIC.

Dynamic Energy, Inc., v. International Industries, Inc.

We were lead counsel defending International Industries from a $127 million breach of contract claim. After five years of litigation, the Court limited the plaintiff’s maximum recovery to $2 million, and the case was quickly resolved.

Norfolk Southern Railway Co., v. Drummond Coal Sales, Inc.

Bailey & Glasser served as lead counsel defending DCSI against a $30 million breach of contract claim arising out of DCSI’s alleged failure to deliver imported coal into the port of Charleston, S.C. The case settled under a confidentiality agreement but received coverage in the trade press such as Coal Age and SNL Daily.

WP Steel, LLC

On behalf of the West Virginia Offices of the Insurance Commissioner, firm lawyers served as Special Assistant Attorneys General for the State of West Virginia in connection with the Chapter 11 case of RG Steel, LLC. After RG Steel defaulted on its workers’ compensation obligations, firm attorneys obtained relief from the automatic stay to allow the Insurance Commissioner to obtain $7 million in funds to pay workers’ compensation claims.

Brundle v. Wilmington Trust

Bailey & Glasser recovered $30 million for the participants in the Constellis Employee Stock Ownership Plan following a two-week trial. The court’s decision set important new standards for ESOP trustees representing plans and participants in ESOP transactions.

Charron v. Sallyport Global Holdings, Inc.

Charron v. Sallyport Global Holdings – Bailey & Glasser obtained affirmance in the United States Court of Appeals for the Second Circuit of a $20 million judgment in a commercial dispute regarding sale of a government contracting company.

Charron v. Sallyport Global Holdings, Inc.

Obtained a $21.1 million dollar verdict against Sallyport Global Holdings, Inc., in a breach of contract valuation case in federal court in New York City. Satisfaction of Judgment.  In 2016, the United States Court of Appeals for the Second Circuit upheld the trial court verdict against Sallyport Global Holdings, Inc. for more than $21 million.

Bar Admissions
West Virginia, 2003
Virginia, 2002
Maryland, 2001
District of Columbia, 1999
New York, 1998

Government Experience
Law Clerk, Hon. Leonard B. Sand, U.S. District Court for the Southern District of New York, 1997-1998

Memberships and Affiliations
American Hellenic Institute, Advisory Board
Hon. John A. Field, Jr., Inn of Court
West Virginia State Bar

Publications
Athanasios Basdekis, The Ancient Greek Origins of the Modern Legal System, National Herald (May 2002)

Perfection by Nullification, 105 Yale L.J. 2285 (1996)

State Courts
New York State Bar
District of Columbia State Bar
The Bar of the Commonwealth of Virginia
Maryland State Bar
West Virginia State Bar

Federal Courts
U.S. Supreme Court
U.S. Court of Federal Claims
U.S. Court of Appeals for the Fourth Circuit
U.S. Court of Appeals for the District of Columbia Circuit
U.S. District Court for the Southern District of New York
U.S. District Court for the District of Columbia
U.S. District Court for the District of Maryland
U.S. District Court for the Eastern District of Virginia
U.S. District Court for the Western District of Virginia
U.S. District Court for the Southern District of West Virginia
U.S. District Court for the Northern District of West Virginia