2022 Recipient of the Harvey R. Miller Outstanding Achievement Award
for Service to the Restructuring Industry
for Service to the Restructuring Industry
William (Bill) Brandt, Jr.
DEVELOPMENT SPECIALISTS, INC. - Founder & Executive Chairman
DEVELOPMENT SPECIALISTS, INC. - Founder & Executive Chairman
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For more than 45 years, Bill Brandt has been a fixture on the national stage in the fields of business, civic and political endeavors. A talented business strategist and political counselor, he is the founder and Executive Chairman of Development Specialists, Inc., better known worldwide as DSI and widely recognized as one of the foremost firms in the corporate restructuring industry. While Mr. Brandt and his firm have been and continue to be involved in some of the most celebrated and complex restructuring and insolvency matters in the arenas of business and government reorganization, for example, Mr. Brandt currently serves as the Chapter 11 Trustee in the largest cross-national insolvency pending in the United States, Chine Fishery Group, the firm also lends its expertise to other matters in the broader economic and political realms. An example of that was Mr. Brandt’s stewardship and resolution of the infamous Ohio “Coin Fund” scandal at the request of the Attorney General of the State of Ohio.
In 2015, Mr. Brandt finished his third consecutive term serving as Chair of the Illinois Finance Authority, having first been appointed by the Governor in 2008 and confirmed unanimously by the Illinois Senate that same year, and then subsequently reappointed as Chair in 2010 and 2012. The IFA is one of the nation’s largest state-sponsored self-financed entities principally engaged in issuing taxable and tax-exempt bonds, making loans and investing capital for business, nonprofit organizations and local governments. Mr. Brandt, again by gubernatorial appointment, was also a member of the Illinois Broadband Deployment Council, whose mission is to ensure that advanced telecommunications services are available to all of the citizens of Illinois. He is also part of the ownership group that controls Chicago’s second-largest daily newspaper, The Chicago Sun-Times. More recently, in the political realm, Mr. Brandt was a member of the United States Electoral College for the 2016 Presidential Election, serving as an Elector from the State of Illinois.
Mr. Brandt has advised Congress on matters of insolvency and bankruptcy policy, and in that capacity was the principal author of the amendment to the Bankruptcy Code permitting the election of trustees in Chapter 11 cases. He was involved in drafting several amendments to the Bankruptcy Code revisions enacted into law in April 2005 as part of the Bankruptcy Abuse Prevention and Consumer Protection Act, which substantially rewrote the nation’s bankruptcy laws. Mr. Brandt also served as a member of the Commission empaneled by the American Bankruptcy Institute several years ago to address the reform of Chapter 11 of the Bankruptcy Code and the nation’s corporate restructuring regime.
Referred to several years ago by one media outlet as one of the ten most influential political figures in Illinois, Mr. Brandt was a member of the President’s National Finance Board during the Clinton administration, and was elected a Delegate from the State of Florida to the 1996 Democratic National Convention. During that decade as well, and upon the invitation of business and political leaders in the People’s Republic of China, Mr. Brandt worked with various public policy, law and banking leaders in China on approaches to the reorganization and restructuring of some of that nation’s state-owned industries. In 2000, he was a member of the Democratic Party’s National Convention Platform Committee, and in 2002, he served on the Illinois Gubernatorial Transition Team, as well as on the State of California’s business delegation dispatched to Cuba to discuss politics, business and trade potential. In 2008, Mr. Brandt was again elected a Delegate to the Democratic National Convention, this time from the State of Illinois.
As part of his longstanding commitment to higher education and to civic endeavors, Mr. Brandt chairs the National Advisory Council for the Institute of Governmental Studies at the University of California at Berkeley. He was a member of the Board of Trustees of Loyola University Chicago from 2007 to 2016, and is a Life Trustee of Fenwick High School in Oak Park, Illinois. Mr. Brandt is also a member of the Board of Directors of New York-based The Honorable Tina Brozman Foundation for Ovarian Cancer Research (Tina’s Wish).
Mr. Brandt served several terms as a member of the Board of Directors of the American Bankruptcy Institute, as well as also serving, for a number of years, as a member of the Advisory Board for that organization’s Law Review. He is a member of the Board of Advisors for the ABI’s annual New York City Bankruptcy Conference, having earlier served for 15 years in a similar capacity for the ABI’s Bankruptcy Battleground West Seminar held each year in Los Angeles. Mr. Brandt was a member of the Executive Committee of the Bankruptcy Section of the Commercial Law League of America and served on their National Government Affairs Committee, as well as completing three terms as a member of the Board of Directors of the San Francisco Bay Area Bankruptcy Forum.
Mr. Brandt is active in the industry internationally, and is a member of the International Insolvency Institute, as well as INSOL, and was recently selected as a U.S. Participant in the 100-member cross-border consortium known as the International Exchange of Experience in Insolvency.
For 20 years, Mr. Brandt was a member of the private Panel of Trustees for the United States Bankruptcy Court for the Northern District of Illinois, and briefly served as a member of the same panel for the Bankruptcy Court for the Southern District of Florida in the late 1980s.
Mr. Brandt has written for publications spanning a broad spectrum of thought, ranging from Maclean’s, Canada’s Weekly Newsmagazine, to Directors & Boards, Corporate Board Magazine, the Florida Real Estate Journal, and the American Bankruptcy Institute’s Law Review, published in conjunction with St. John’s University School of Law. He is the co-author of the “Due Diligence” chapter in the 2nd edition of Bankruptcy Business Acquisitions published by the American Bankruptcy Institute. He is a frequent lecturer and speaker on topics of corporate restructuring, bankruptcy and related public policy issues and regularly appears on CNN, CNBC, CNNfn, Bloomberg, Canada’s BNN, and the Arise America news network, as well as the CBS Radio and National Public Radio networks. He has been profiled and interviewed in a wide array of periodicals including, among others, The Wall Street Journal, The New York Times, The International Herald Tribune, Business Week, The Miami Herald, The Chicago Tribune, The Boston Globe, Billboard Magazine and Bank Bailout Litigation News.
Among many other professional and trade organization memberships, Mr. Brandt is a member of the National Association of Bankruptcy Trustees, the International Council of Shopping Centers and the Urban Land Institute. His biography appears in a number of reference works including Who’s Who in America, Who’s Who in Finance and Industry, and Who’s Who in American Law. For well more than a dozen years, his firm, Development Specialists, Inc., has been rated as one of the Outstanding Turnaround Management Firms in the world by the publication Turnarounds & Workouts, and he is routinely listed on annual rosters of the country’s top restructuring advisors. Mr. Brandt received his B.A. from St. Louis University and his M.A. from the University of Chicago, where he also completed further post-graduate work toward a doctoral degree.
In 2015, Mr. Brandt finished his third consecutive term serving as Chair of the Illinois Finance Authority, having first been appointed by the Governor in 2008 and confirmed unanimously by the Illinois Senate that same year, and then subsequently reappointed as Chair in 2010 and 2012. The IFA is one of the nation’s largest state-sponsored self-financed entities principally engaged in issuing taxable and tax-exempt bonds, making loans and investing capital for business, nonprofit organizations and local governments. Mr. Brandt, again by gubernatorial appointment, was also a member of the Illinois Broadband Deployment Council, whose mission is to ensure that advanced telecommunications services are available to all of the citizens of Illinois. He is also part of the ownership group that controls Chicago’s second-largest daily newspaper, The Chicago Sun-Times. More recently, in the political realm, Mr. Brandt was a member of the United States Electoral College for the 2016 Presidential Election, serving as an Elector from the State of Illinois.
Mr. Brandt has advised Congress on matters of insolvency and bankruptcy policy, and in that capacity was the principal author of the amendment to the Bankruptcy Code permitting the election of trustees in Chapter 11 cases. He was involved in drafting several amendments to the Bankruptcy Code revisions enacted into law in April 2005 as part of the Bankruptcy Abuse Prevention and Consumer Protection Act, which substantially rewrote the nation’s bankruptcy laws. Mr. Brandt also served as a member of the Commission empaneled by the American Bankruptcy Institute several years ago to address the reform of Chapter 11 of the Bankruptcy Code and the nation’s corporate restructuring regime.
Referred to several years ago by one media outlet as one of the ten most influential political figures in Illinois, Mr. Brandt was a member of the President’s National Finance Board during the Clinton administration, and was elected a Delegate from the State of Florida to the 1996 Democratic National Convention. During that decade as well, and upon the invitation of business and political leaders in the People’s Republic of China, Mr. Brandt worked with various public policy, law and banking leaders in China on approaches to the reorganization and restructuring of some of that nation’s state-owned industries. In 2000, he was a member of the Democratic Party’s National Convention Platform Committee, and in 2002, he served on the Illinois Gubernatorial Transition Team, as well as on the State of California’s business delegation dispatched to Cuba to discuss politics, business and trade potential. In 2008, Mr. Brandt was again elected a Delegate to the Democratic National Convention, this time from the State of Illinois.
As part of his longstanding commitment to higher education and to civic endeavors, Mr. Brandt chairs the National Advisory Council for the Institute of Governmental Studies at the University of California at Berkeley. He was a member of the Board of Trustees of Loyola University Chicago from 2007 to 2016, and is a Life Trustee of Fenwick High School in Oak Park, Illinois. Mr. Brandt is also a member of the Board of Directors of New York-based The Honorable Tina Brozman Foundation for Ovarian Cancer Research (Tina’s Wish).
Mr. Brandt served several terms as a member of the Board of Directors of the American Bankruptcy Institute, as well as also serving, for a number of years, as a member of the Advisory Board for that organization’s Law Review. He is a member of the Board of Advisors for the ABI’s annual New York City Bankruptcy Conference, having earlier served for 15 years in a similar capacity for the ABI’s Bankruptcy Battleground West Seminar held each year in Los Angeles. Mr. Brandt was a member of the Executive Committee of the Bankruptcy Section of the Commercial Law League of America and served on their National Government Affairs Committee, as well as completing three terms as a member of the Board of Directors of the San Francisco Bay Area Bankruptcy Forum.
Mr. Brandt is active in the industry internationally, and is a member of the International Insolvency Institute, as well as INSOL, and was recently selected as a U.S. Participant in the 100-member cross-border consortium known as the International Exchange of Experience in Insolvency.
For 20 years, Mr. Brandt was a member of the private Panel of Trustees for the United States Bankruptcy Court for the Northern District of Illinois, and briefly served as a member of the same panel for the Bankruptcy Court for the Southern District of Florida in the late 1980s.
Mr. Brandt has written for publications spanning a broad spectrum of thought, ranging from Maclean’s, Canada’s Weekly Newsmagazine, to Directors & Boards, Corporate Board Magazine, the Florida Real Estate Journal, and the American Bankruptcy Institute’s Law Review, published in conjunction with St. John’s University School of Law. He is the co-author of the “Due Diligence” chapter in the 2nd edition of Bankruptcy Business Acquisitions published by the American Bankruptcy Institute. He is a frequent lecturer and speaker on topics of corporate restructuring, bankruptcy and related public policy issues and regularly appears on CNN, CNBC, CNNfn, Bloomberg, Canada’s BNN, and the Arise America news network, as well as the CBS Radio and National Public Radio networks. He has been profiled and interviewed in a wide array of periodicals including, among others, The Wall Street Journal, The New York Times, The International Herald Tribune, Business Week, The Miami Herald, The Chicago Tribune, The Boston Globe, Billboard Magazine and Bank Bailout Litigation News.
Among many other professional and trade organization memberships, Mr. Brandt is a member of the National Association of Bankruptcy Trustees, the International Council of Shopping Centers and the Urban Land Institute. His biography appears in a number of reference works including Who’s Who in America, Who’s Who in Finance and Industry, and Who’s Who in American Law. For well more than a dozen years, his firm, Development Specialists, Inc., has been rated as one of the Outstanding Turnaround Management Firms in the world by the publication Turnarounds & Workouts, and he is routinely listed on annual rosters of the country’s top restructuring advisors. Mr. Brandt received his B.A. from St. Louis University and his M.A. from the University of Chicago, where he also completed further post-graduate work toward a doctoral degree.
Matthew R. Brooks
TROUTMAN PEPPER - Partner
TROUTMAN PEPPER - Partner
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Matt co-chairs the finance and restructuring practice group at Troutman Pepper LLP. His practice is primarily focused on the representation of debtors and creditors in complex chapter 11 bankruptcy cases and out of court workouts, as well as buyers and sellers of distressed assets.
Saul Burian
HOULIHAN LOKEY - Managing Director
HOULIHAN LOKEY - Managing Director
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Mr. Burian is a Managing Director in Houlihan Lokey’s world-leading restructuring practice. He specializes in advising public and private companies and creditor groups in complex restructurings, financings, and other transactions. Mr. Burian also specializes in raising capital for troubled businesses and often represents debtor and creditor constituencies in pre-packaged, pre-negotiated, and other bankruptcy proceedings. He is especially proud of his work crafting creative solutions and forging the consensus necessary to effectuate complex solutions without court proceedings. He is based in the firm’s New York office.
Mr. Burian is also Head of Houlihan Lokey’s Real Estate, Lodging & Leisure Group, which is a leading independent M&A, capital markets, and strategic advisor to middle-market and larger real estate companies.
Throughout his career, Mr. Burian has been involved as an advisor in a wide range of restructuring and real estate transactions, including Answers.com; Barneys New York; CEVA Logistics; Constellis Holdings, LLC; Extended Stay America; HealthSouth; Infrastructure & Energy Alternatives; JCPenney; J.Crew; Kaisa Group Holdings; Le Cirque; Lehman Brothers; Mallinckrodt Pharmaceuticals; Mark IV Automotive; MSR Hotels & Resorts Inc.; Nine West Holdings; NPC International; Party City; Payless Shoes; Pinnacle Agriculture; Plymouth Industrial REIT; Production Resource Group; Purdue Pharma; RCS Capital; Sears Holdings; Transeastern Properties, Inc.; TriMark; Toys “R” Us; and Winn-Dixie stores. He has advised investors in acquiring distressed assets and is a frequent speaker on restructuring, M&A, and real estate topics.
Before joining Houlihan Lokey, Mr. Burian was a partner in the New York law firm Kramer Levin Naftalis & Frankel, where he specialized in creditors’ rights and bankruptcy. During his 12 years at Kramer Levin, he represented a broad spectrum of clients who were often the primary at-risk constituency in the relevant in- and out-of-court restructurings and bankruptcies, including bank lenders, debtors, creditor committees, and secondary purchasers of distressed indebtedness.
Mr. Burian received a B.A. with honors in Economics from Yeshiva University and a J.D. from Columbia Law School, where he was a Harlan Fiske Stone Scholar.
Mr. Burian is also Head of Houlihan Lokey’s Real Estate, Lodging & Leisure Group, which is a leading independent M&A, capital markets, and strategic advisor to middle-market and larger real estate companies.
Throughout his career, Mr. Burian has been involved as an advisor in a wide range of restructuring and real estate transactions, including Answers.com; Barneys New York; CEVA Logistics; Constellis Holdings, LLC; Extended Stay America; HealthSouth; Infrastructure & Energy Alternatives; JCPenney; J.Crew; Kaisa Group Holdings; Le Cirque; Lehman Brothers; Mallinckrodt Pharmaceuticals; Mark IV Automotive; MSR Hotels & Resorts Inc.; Nine West Holdings; NPC International; Party City; Payless Shoes; Pinnacle Agriculture; Plymouth Industrial REIT; Production Resource Group; Purdue Pharma; RCS Capital; Sears Holdings; Transeastern Properties, Inc.; TriMark; Toys “R” Us; and Winn-Dixie stores. He has advised investors in acquiring distressed assets and is a frequent speaker on restructuring, M&A, and real estate topics.
Before joining Houlihan Lokey, Mr. Burian was a partner in the New York law firm Kramer Levin Naftalis & Frankel, where he specialized in creditors’ rights and bankruptcy. During his 12 years at Kramer Levin, he represented a broad spectrum of clients who were often the primary at-risk constituency in the relevant in- and out-of-court restructurings and bankruptcies, including bank lenders, debtors, creditor committees, and secondary purchasers of distressed indebtedness.
Mr. Burian received a B.A. with honors in Economics from Yeshiva University and a J.D. from Columbia Law School, where he was a Harlan Fiske Stone Scholar.
Peter Chadwick
BERKELEY RESEARCH GROUP - Managing Director
BERKELEY RESEARCH GROUP - Managing Director
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As a Managing Director, Peter Chadwick has significant operating experience, including improving underperforming businesses and advising debtors and creditors in complex financial matters.He has served as chief executive officer, chief operating officer, chief financial officer, and advisor to companies in a variety of industries.
Mr. Chadwick currently serves as CFO to Verity Health Systems, a $1.3 billion six acute care hospital system in California. Mr. Chadwick is also CFO of each hospital, the associated charitable foundations and the physician management group overseeing over 240 physicians.
Mr. Chadwick’s healthcare experience includes acting as the advisor or an officer to healthcare providers, including leading hospital systems and long-term care providers through operational turnarounds and financial restructurings. Mr. Chadwick utilizes BRG’s Healthcare Performance Improvement experts to improve revenue cycle management, reduce labor costs, improve physician productivity, and reduce supply chain costs. The improved liquidity and financial performance, in each instance, has funded the restructuring costs.
Prior to joining BRG, Mr. Chadwick was an Executive Director at Capstone Advisory Group, LLC, and prior to that, he was a restructuring advisor at FTI Consulting.
Mr. Chadwick currently serves as CFO to Verity Health Systems, a $1.3 billion six acute care hospital system in California. Mr. Chadwick is also CFO of each hospital, the associated charitable foundations and the physician management group overseeing over 240 physicians.
Mr. Chadwick’s healthcare experience includes acting as the advisor or an officer to healthcare providers, including leading hospital systems and long-term care providers through operational turnarounds and financial restructurings. Mr. Chadwick utilizes BRG’s Healthcare Performance Improvement experts to improve revenue cycle management, reduce labor costs, improve physician productivity, and reduce supply chain costs. The improved liquidity and financial performance, in each instance, has funded the restructuring costs.
Prior to joining BRG, Mr. Chadwick was an Executive Director at Capstone Advisory Group, LLC, and prior to that, he was a restructuring advisor at FTI Consulting.
Hon. Shelley C. Chapman (RET.)
WILLKIE FARR & GALLAGHER LLP - Senior Counsel
WILLKIE FARR & GALLAGHER LLP - Senior Counsel
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Hon. Shelley C. Chapman (Ret.) is Senior Counsel at Willkie Farr & Gallagher LLP. Judge Chapman served as a Bankruptcy Judge in the Southern District of New York from 2010 until her retirement from the bench on September 30, 2022. She presided over the Lehman Brothers chapter 11 and SIPA proceedings, as well as many other chapter 11 mega-cases and chapter 15 cross-border proceedings, including Boston Generating, Innkeepers, Ambac, LightSquared, Sbarro, NII Holdings, Sabine Oil & Gas, Cumulus Media, Toisa, Nine West, Century 21, and Aeromexico. She has also served as the court-appointed mediator in numerous complex chapter 11 cases, including Windstream, Frontier Communications, OneWeb, Avianca S.A., Purdue Pharma, and Sears. She is currently acting as the Lead Mediator in the Title III case of PREPA/The Commonwealth of Puerto Rico.
Prior to her service as a Bankruptcy Judge, she was a partner at Willkie Farr in the Business Reorganization & Restructuring Department, where her practice included the representation of debtors, creditors, and other parties in interest in major chapter 11 cases and out-of-court restructurings. Judge Chapman received a B.A. with distinction in all subjects from Cornell University in 1978 and a J.D. from Harvard Law School, from which she graduated cum laude in 1981. She served as an editor of the Harvard Civil Rights-Civil Liberties Law Review.
From 2001 through 2007, she served on the Board of Directors of HerJustice (formerly inMotion), a non-profit organization that provides pro bono legal services to indigent women and children in New York City, primarily in the areas of matrimonial, family, and immigration law. She served as Board Chair from 2004 to 2007, overseeing a broad expansion of the services provided throughout the five boroughs of the city. Prior to her appointment, she also served on the Executive Committee of the UJA-Federation of New York’s Bankruptcy and Reorganization Group and on the Advisory Board of the ABI New York City Bankruptcy Conference.
Judge Chapman is a Conferee of the National Bankruptcy Conference, a Fellow of the American College of Bankruptcy, and a member of the Board of the International Insolvency Institute. She served on an advisory committee of the ABI Commission to Study Chapter 11 Reform, and served as judicial co-chair of the ABI New York City Bankruptcy Conference. In April 2015, she was appointed by the Chief Justice of the United States to serve as the Chair of the Federal Judicial Center’s Bankruptcy Judge Education Advisory Committee and served in such capacity until March 2020. She continues to act as a mentor judge for the Federal Judicial Center’s Orientation Program for Newly Appointed Bankruptcy Judges. In July 2016, she became a member of the FDIC’s Systemic Resolution Advisory Committee. She also served on the Editorial Board of Collier on Bankruptcy as a Contributing Author and was a member of the Second Circuit Civic Education Committee. She is a frequent lecturer on a variety of U.S. bankruptcy and international insolvency topics at conferences around the country and internationally.
Prior to her service as a Bankruptcy Judge, she was a partner at Willkie Farr in the Business Reorganization & Restructuring Department, where her practice included the representation of debtors, creditors, and other parties in interest in major chapter 11 cases and out-of-court restructurings. Judge Chapman received a B.A. with distinction in all subjects from Cornell University in 1978 and a J.D. from Harvard Law School, from which she graduated cum laude in 1981. She served as an editor of the Harvard Civil Rights-Civil Liberties Law Review.
From 2001 through 2007, she served on the Board of Directors of HerJustice (formerly inMotion), a non-profit organization that provides pro bono legal services to indigent women and children in New York City, primarily in the areas of matrimonial, family, and immigration law. She served as Board Chair from 2004 to 2007, overseeing a broad expansion of the services provided throughout the five boroughs of the city. Prior to her appointment, she also served on the Executive Committee of the UJA-Federation of New York’s Bankruptcy and Reorganization Group and on the Advisory Board of the ABI New York City Bankruptcy Conference.
Judge Chapman is a Conferee of the National Bankruptcy Conference, a Fellow of the American College of Bankruptcy, and a member of the Board of the International Insolvency Institute. She served on an advisory committee of the ABI Commission to Study Chapter 11 Reform, and served as judicial co-chair of the ABI New York City Bankruptcy Conference. In April 2015, she was appointed by the Chief Justice of the United States to serve as the Chair of the Federal Judicial Center’s Bankruptcy Judge Education Advisory Committee and served in such capacity until March 2020. She continues to act as a mentor judge for the Federal Judicial Center’s Orientation Program for Newly Appointed Bankruptcy Judges. In July 2016, she became a member of the FDIC’s Systemic Resolution Advisory Committee. She also served on the Editorial Board of Collier on Bankruptcy as a Contributing Author and was a member of the Second Circuit Civic Education Committee. She is a frequent lecturer on a variety of U.S. bankruptcy and international insolvency topics at conferences around the country and internationally.
Patrick A. Daniello
EATON VANCE
EATON VANCE
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Mr. Daniello is the President of Daniello Associates, an advisory firm providing wholesale restructuring and workout advice, portfolio management, and case management to credit investors. Prior, Mr. Daniello worked at J.P. Morgan Chase & Co. from 1987 to 2018 where he held multiple positions. Most recently he was the Wholesale Chief Risk Officer for JPMorgan Chase’s Consumer and Community Bank, where he was responsible for all facets of Risk Management across $60B of wholesale assets and managed a global team of 450 employees. However, most of his tenure at JPMorgan was in the Corporate & Investment Bank in Special Credits and Special Situations, where he held the position of Global Head of Wholesale Special Credits from 2007 to 2017. Prior to becoming Global Head, Mr. Daniello was Head of Special Credits for EMEA and Asia Pacific, while he and his family were based in London from 2002 to 2007. He has been responsible for managing JPMorgan’s position through many high profile restructurings.
Mr. Daniello graduated from Lehigh University’s College of Business and Economics with a BS in Finance, received his MBA from the Gabelli Graduate School of Business at Fordham University, and is a member of the Risk Management Association.
Mr. Daniello graduated from Lehigh University’s College of Business and Economics with a BS in Finance, received his MBA from the Gabelli Graduate School of Business at Fordham University, and is a member of the Risk Management Association.
Patrick D. Daugherty
FOLEY & LARDNER LLP - Partner
FOLEY & LARDNER LLP - Partner
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Patrick Daugherty directs a corporate, M&A, finance, financial regulatory, and fintech practice devoted to capital formation, innovation, and return of and on investment. He leads teams of lawyers that provide the particular array of services needed by each client day-to-day and has helped clients monetize billions of dollars in sweat equity. He also leads the firm’s blockchain task force. As a confidential adviser, Patrick helps clients resolve sensitive legal matters out of court, quickly and quietly.
Corporate, M&A and Finance Practice
Patrick manages relationships with clients in diverse industries such as health care, financial services, fintech and manufacturing, creating and managing teams of lawyers to service each client.
In particular, Patrick directs multi-disciplinary teams of lawyers in planning and executing tender offers, exchange offers, restructurings, recapitalizations, mergers, stock purchases, asset purchases, divestitures, LBOs, MBOs, and "going private" transactions. He also plans and executes public and private offerings of equity, debt and hybrid securities occupying every rung of a company’s capital structure, throughout its entire life cycle: from “angel” or “seed” investment and “Series A” preferred stock to the IPO, PIPE and secondary offerings, as well as mezzanine, convertible, exchangeable, and high-yield and high-grade debt issues. With help from other experts, Patrick organizes hedge funds, commodity trading funds, and private equity funds.
Patrick participates in both private and public change-of-control transactions, advising bidders, activist investors, targets, independent directors, financiers, and financial advisors. An early example was the unsolicited bid by Kuhlman Corporation for Communication Cable, where he guided Kuhlman in the first successful attempt by any bidder to acquire a target company while complying with North Carolina’s anti-takeover laws. He represents both buyers and sellers in private equity transactions and has been chosen to provide outside general counsel services to portfolio companies of several private equity firms.
Patrick conducted the research that justified the SEC’s adoption of Rule 144A and has helped foreign and domestic companies raise money in that particular market. He also worked on the SEC team that created Regulation S and has used his knowledge of the relevant rules, practices and market participants to help companies tap off-shore capital markets.
Illustrative Transactions. Patrick plans and executes IPOs for emerging growth companies. He organizes and leads M&A programs for serial acquirers. His deal-making includes, by way of example:
"363" Sales. One example of Patrick’s deal-making success in the restructuring field is the sale of Noble European Holdings to ArcelorMittal. Noble International was a Nasdaq-traded automobile industry supplier whose business had been damaged by a drastic downturn in demand for cars and trucks assembled by the "Detroit 3" car companies (GM, Ford and Chrysler). Attempts to refinance Noble’s maturing debt obligations failed as the global credit crisis persisted, and the company was forced to file into Chapter 11 in Detroit. Thousands of jobs were put at risk by this bankruptcy. Noble had purchased the European laser-welding operations of ArcelorMittal, the world’s largest steel company, a year earlier. In bankruptcy, Noble obtained DIP financing from the Detroit 3, then Patrick negotiated the resale to ArcelorMittal of the European operations acquired a year earlier, together with similar businesses in Mexico and Asia. This timely resale saved the jobs of all directly-affected employees. Likewise, the restructuring team managed by Patrick effected several other "363" sales for Noble, each of which prevented a business shut-down and thus saved jobs while raising cash proceeds with which to repay the car companies.
Advisory and Regulatory Practice
Patrick is called upon routinely to counsel boards of directors, board committees, senior officers and trustees with respect to challenging questions of business judgment (and the consequences of that judgment). He regularly coaches principals and fiduciaries in the course of decision-making calculated to comply with securities laws, the Sarbanes-Oxley Act, stock exchange rules, corporate codes, and optimal practices.
Independent Counsel. Patrick has been engaged to advise directors of companies with which he and his firm have no other professional relationship. He helps independent directors grapple with the thorny questions, such as whether, when and how to replace senior managers and report financial crimes to the government. His experience is not limited to a single industry but, on the contrary, includes industries as diverse as banking, biotechnology, consumer products, energy, food processing, forest products, health care, media and entertainment, motorsports, real estate, restaurants, retail, robotics, security, steel, utilities, telecommunications, textiles, utilities, vehicle assembly and original equipment manufacturing. Patrick devotes much of his practice to the legal and business needs of banks, insurance companies, futures commission merchants, securities broker-dealers, and other financial services firms, as well as financial technology innovators.
An SEC Lawyer. Early in his career, Patrick was counsel to SEC Commissioner Fleischman in Washington, reviewing and influencing the work of every SEC Division and Office. Patrick relied on that experience to build a law practice in which he advises clients in dealings with every Division of the SEC.
Examples of projects led by Patrick involving different divisions of the SEC include:
Patrick also has been engaged by the SEC in private practice to help the SEC solve problems arising in the field. In 2014, the SEC intervened in the affairs of a stock transfer agent whose senior management had mishandled customer funds. On behalf of the SEC-appointed receiver, Patrick recruited an industry leader to stabilize the business, identified the logical bidders for the business and managed an auction resulting in the sale of the business as a going concern – all within two weeks. All rank and file employees kept their jobs, and the terms of sale that he negotiated for the client’s benefit resulted in payment in full.
Continuous ETF Innovation. Patrick and the Foley ETF team capitalized on the success of the Currency Shares Euro Trust by launching eleven other currency-based ETFs, representing equity investments in currencies such as the Australian dollar, the British pound sterling, the Canadian dollar, the Japanese yen, the Swiss franc and the Chinese renminbi. All are managed by Invesco.
ETFs have been the most rapidly-growing form of investment in the world, increasing from zero to more than $3 trillion under management in twenty years. This trend is continuing as investors are entrusting more dollars to ETFs than they are to mutual funds. In general, ETFs use passive investment strategies. The major advance from that has been the actively-managed fund, in which managers employ subjective investment judgment to decide what to buy and sell.
Five major financial firms raced to produce the first actively-managed ETF. Patrick and his Foley colleagues won that contest for their client, launching the Current Yield Fund on the New York Stock Exchange ahead of all competitors. The Foley team continues to provide thought leadership for its clients relative to new ETF concepts, some of which are patented.
An Expert Witness. In recognition of the breadth of his regulatory experience, Patrick also has been called as an expert witness in litigation. He has been tendered and qualified as an expert in securities law in criminal fraud proceedings brought by the U.S. Department of Justice, resulting in conviction, and has been tendered and testified as an expert witness for the defendants in civil fraud matters.
Thought Leadership
Patrick Daugherty earned a bachelor’s degree, with distinction, from Northwestern University and a law degree, cum laude, from Cornell University. He trained as a corporate and securities lawyer in Wall Street after clerking one year for Lloyd F. MacMahon and Edward Weinfeld, each a (late) Chief Judge of the U.S. District Court for the Southern District of New York (New York City). Patrick is a director-at-large of the Northwestern Alumni Association and is on the committee charged with leading Northwestern’s $3.75 billion capital campaign.
Patrick was invited to join the American Law Institute at age 37 and participates in continuing education programs of the ABA Sections of Administrative Law and Business Law (Committees on Federal Regulation of Securities, Legal Opinions, Mergers and Acquisitions, Professional Responsibility and Small Business). He is on the Planning Committee of the Ray Garrett Jr. Corporate and Securities Law Institute at Northwestern Pritzker law school.
In the course of building client service teams at Foley, Patrick won the firm’s Carl H. Hitchner "Mentor of the Year" award in its inaugural year upon the recommendation of associates in six different offices.
Patrick also has led pro-business initiatives of state and local bar associations. As a member of the Association of the Bar of the City of New York, he authored a white paper that supported New York’s enactment of path-breaking governing-law-selection and forum-selection legislation, enabling business executives and financiers to contract cross-border with full confidence that their choices of New York law and New York courtrooms would be respected should a dispute arise. Later, in North Carolina, he served on Governor Jim Hunt’s Entrepreneurial Development Board, boosting investment and job growth throughout the Tar Heel State.
A recognized thought leader on the SEC, the capital markets, M&A, corporate governance, financial innovation and regulatory reform, Patrick has taught classes and made presentations at Cornell, Duke, Howard, Michigan State, Northwestern, Seton Hall, Wake Forest University, and Wayne State law schools. He has published scholarly articles (e.g., "Rethinking the Ban on General Solicitation" in the Emory Law Journal), co-authored one book (Securities Arbitration: Practice and Forms, published by Matthew Bender) and edited another (Decennial Review of Developments in Business Financing, published by the ABA).
Patrick co-authored "Introduction to the Securities Act of 1933 and to the Securities and Exchange Commission" in the Federal Securities Act of 1933 treatise published by Matthew Bender. He lectures frequently to legal, accounting, business, and financial groups, has been interviewed about legal developments on radio, TV, and cable news programs, and has been quoted for his insight on legal topics in publications such as The Wall Street Journal, The New York Times, and the Chicago Tribune.
Peer Recognition and Awards*
Patrick has been selected by his peers for inclusion in The Best Lawyers in America© in the fields of Corporate Governance Law (2012-2023), Corporate Law (2010-2023), Securities/Capital Markets Law (2007, 2012-2023), Securities Regulation (2011-2023), Corporate Governance and Compliance Law (2010-2011) and Securities Law (2010-2011). He was also named the Best Lawyers® 2022 Corporate Law “Lawyer of the Year” in Chicago. In 2010, The Legal 500 recognized his mergers & acquisitions work. Also selected for the first and all subsequent editions of Super Lawyers® for his achievements in securities and corporate finance, he is now Peer Review Rated as AV Preeminent®, the highest performance rating in Martindale-Hubbell® Peer Review Ratings™ system and has been so rated since his first evaluation more than 20 years ago. In 2019, he was awarded the Judicial AV Preeminent® Rating, which is the highest possible distinction by both his peers and the Judiciary. He was named to the named to the 2022 "Midwest Trailblazers" list by The American Lawyer.
Patrick was selected as "Michigan Lawyer of the Year" by Michigan Lawyers Weekly in 2007. The only corporate lawyer so honored, he was labeled a "financial wiz" and a "mastermind." He was named to DBusiness magazine's list of "Top Lawyers" in the areas of corporate governance and compliance law and securities law and was named a Best Lawyers’ Detroit Corporate Governance Law "Lawyer of the Year" even while living and working in Chicago. According to Chambers USA, Patrick is "top of the class for capital raising."
Bar Admissions
Corporate, M&A and Finance Practice
Patrick manages relationships with clients in diverse industries such as health care, financial services, fintech and manufacturing, creating and managing teams of lawyers to service each client.
In particular, Patrick directs multi-disciplinary teams of lawyers in planning and executing tender offers, exchange offers, restructurings, recapitalizations, mergers, stock purchases, asset purchases, divestitures, LBOs, MBOs, and "going private" transactions. He also plans and executes public and private offerings of equity, debt and hybrid securities occupying every rung of a company’s capital structure, throughout its entire life cycle: from “angel” or “seed” investment and “Series A” preferred stock to the IPO, PIPE and secondary offerings, as well as mezzanine, convertible, exchangeable, and high-yield and high-grade debt issues. With help from other experts, Patrick organizes hedge funds, commodity trading funds, and private equity funds.
Patrick participates in both private and public change-of-control transactions, advising bidders, activist investors, targets, independent directors, financiers, and financial advisors. An early example was the unsolicited bid by Kuhlman Corporation for Communication Cable, where he guided Kuhlman in the first successful attempt by any bidder to acquire a target company while complying with North Carolina’s anti-takeover laws. He represents both buyers and sellers in private equity transactions and has been chosen to provide outside general counsel services to portfolio companies of several private equity firms.
Patrick conducted the research that justified the SEC’s adoption of Rule 144A and has helped foreign and domestic companies raise money in that particular market. He also worked on the SEC team that created Regulation S and has used his knowledge of the relevant rules, practices and market participants to help companies tap off-shore capital markets.
Illustrative Transactions. Patrick plans and executes IPOs for emerging growth companies. He organizes and leads M&A programs for serial acquirers. His deal-making includes, by way of example:
- Taking Charlotte Motor Speedway and Atlanta Motor Speedway public on the New York Stock Exchange in a "world first" for the motorsports industry;
- Managing a series of divestitures by Tyco International after a change of management in what was then the largest divestiture program in the U.S.;
- Helping Cablevision secure SEC approval of a $10 billion going private transaction in less than 45 days, a project picked as "Deal of the Year" by The Deal magazine;
- Advising and representing TD Ameritrade in the bail-out of Knight Capital by major investment banks and brokerage firms when a technology glitch caused a $400 million trading loss for Knight in the space of a few minutes; and
- Representing the selling shareholders in the highly successful IPO of multinational exchange operator Bats Global Markets, the leading market for ETF trading.
"363" Sales. One example of Patrick’s deal-making success in the restructuring field is the sale of Noble European Holdings to ArcelorMittal. Noble International was a Nasdaq-traded automobile industry supplier whose business had been damaged by a drastic downturn in demand for cars and trucks assembled by the "Detroit 3" car companies (GM, Ford and Chrysler). Attempts to refinance Noble’s maturing debt obligations failed as the global credit crisis persisted, and the company was forced to file into Chapter 11 in Detroit. Thousands of jobs were put at risk by this bankruptcy. Noble had purchased the European laser-welding operations of ArcelorMittal, the world’s largest steel company, a year earlier. In bankruptcy, Noble obtained DIP financing from the Detroit 3, then Patrick negotiated the resale to ArcelorMittal of the European operations acquired a year earlier, together with similar businesses in Mexico and Asia. This timely resale saved the jobs of all directly-affected employees. Likewise, the restructuring team managed by Patrick effected several other "363" sales for Noble, each of which prevented a business shut-down and thus saved jobs while raising cash proceeds with which to repay the car companies.
Advisory and Regulatory Practice
Patrick is called upon routinely to counsel boards of directors, board committees, senior officers and trustees with respect to challenging questions of business judgment (and the consequences of that judgment). He regularly coaches principals and fiduciaries in the course of decision-making calculated to comply with securities laws, the Sarbanes-Oxley Act, stock exchange rules, corporate codes, and optimal practices.
Independent Counsel. Patrick has been engaged to advise directors of companies with which he and his firm have no other professional relationship. He helps independent directors grapple with the thorny questions, such as whether, when and how to replace senior managers and report financial crimes to the government. His experience is not limited to a single industry but, on the contrary, includes industries as diverse as banking, biotechnology, consumer products, energy, food processing, forest products, health care, media and entertainment, motorsports, real estate, restaurants, retail, robotics, security, steel, utilities, telecommunications, textiles, utilities, vehicle assembly and original equipment manufacturing. Patrick devotes much of his practice to the legal and business needs of banks, insurance companies, futures commission merchants, securities broker-dealers, and other financial services firms, as well as financial technology innovators.
An SEC Lawyer. Early in his career, Patrick was counsel to SEC Commissioner Fleischman in Washington, reviewing and influencing the work of every SEC Division and Office. Patrick relied on that experience to build a law practice in which he advises clients in dealings with every Division of the SEC.
Examples of projects led by Patrick involving different divisions of the SEC include:
- Subject to critical review by the Division of Corporation Finance -- planning, documenting and closing numerous IPOs and takeovers;
- upon application to the Division of Trading and Markets – organizing NCNB Capital Markets, which became Banc of America Securities and is now one of the largest investment banks in the world;
- in cooperation with the Division of Enforcement – recovering money for defrauded investors in the Lancer Partners hedge fund, the largest "penny stock" swindle in U.S. history; and
- upon application to the Division of Investment Management – inventing, with his colleagues, the CurrencyShares Euro Trust. Judged "the trade of the year" by SmartMoney magazine in 2006, this was the first currency-based ETF listed on a stock exchange anywhere in the world.
Patrick also has been engaged by the SEC in private practice to help the SEC solve problems arising in the field. In 2014, the SEC intervened in the affairs of a stock transfer agent whose senior management had mishandled customer funds. On behalf of the SEC-appointed receiver, Patrick recruited an industry leader to stabilize the business, identified the logical bidders for the business and managed an auction resulting in the sale of the business as a going concern – all within two weeks. All rank and file employees kept their jobs, and the terms of sale that he negotiated for the client’s benefit resulted in payment in full.
Continuous ETF Innovation. Patrick and the Foley ETF team capitalized on the success of the Currency Shares Euro Trust by launching eleven other currency-based ETFs, representing equity investments in currencies such as the Australian dollar, the British pound sterling, the Canadian dollar, the Japanese yen, the Swiss franc and the Chinese renminbi. All are managed by Invesco.
ETFs have been the most rapidly-growing form of investment in the world, increasing from zero to more than $3 trillion under management in twenty years. This trend is continuing as investors are entrusting more dollars to ETFs than they are to mutual funds. In general, ETFs use passive investment strategies. The major advance from that has been the actively-managed fund, in which managers employ subjective investment judgment to decide what to buy and sell.
Five major financial firms raced to produce the first actively-managed ETF. Patrick and his Foley colleagues won that contest for their client, launching the Current Yield Fund on the New York Stock Exchange ahead of all competitors. The Foley team continues to provide thought leadership for its clients relative to new ETF concepts, some of which are patented.
An Expert Witness. In recognition of the breadth of his regulatory experience, Patrick also has been called as an expert witness in litigation. He has been tendered and qualified as an expert in securities law in criminal fraud proceedings brought by the U.S. Department of Justice, resulting in conviction, and has been tendered and testified as an expert witness for the defendants in civil fraud matters.
Thought Leadership
Patrick Daugherty earned a bachelor’s degree, with distinction, from Northwestern University and a law degree, cum laude, from Cornell University. He trained as a corporate and securities lawyer in Wall Street after clerking one year for Lloyd F. MacMahon and Edward Weinfeld, each a (late) Chief Judge of the U.S. District Court for the Southern District of New York (New York City). Patrick is a director-at-large of the Northwestern Alumni Association and is on the committee charged with leading Northwestern’s $3.75 billion capital campaign.
Patrick was invited to join the American Law Institute at age 37 and participates in continuing education programs of the ABA Sections of Administrative Law and Business Law (Committees on Federal Regulation of Securities, Legal Opinions, Mergers and Acquisitions, Professional Responsibility and Small Business). He is on the Planning Committee of the Ray Garrett Jr. Corporate and Securities Law Institute at Northwestern Pritzker law school.
In the course of building client service teams at Foley, Patrick won the firm’s Carl H. Hitchner "Mentor of the Year" award in its inaugural year upon the recommendation of associates in six different offices.
Patrick also has led pro-business initiatives of state and local bar associations. As a member of the Association of the Bar of the City of New York, he authored a white paper that supported New York’s enactment of path-breaking governing-law-selection and forum-selection legislation, enabling business executives and financiers to contract cross-border with full confidence that their choices of New York law and New York courtrooms would be respected should a dispute arise. Later, in North Carolina, he served on Governor Jim Hunt’s Entrepreneurial Development Board, boosting investment and job growth throughout the Tar Heel State.
A recognized thought leader on the SEC, the capital markets, M&A, corporate governance, financial innovation and regulatory reform, Patrick has taught classes and made presentations at Cornell, Duke, Howard, Michigan State, Northwestern, Seton Hall, Wake Forest University, and Wayne State law schools. He has published scholarly articles (e.g., "Rethinking the Ban on General Solicitation" in the Emory Law Journal), co-authored one book (Securities Arbitration: Practice and Forms, published by Matthew Bender) and edited another (Decennial Review of Developments in Business Financing, published by the ABA).
Patrick co-authored "Introduction to the Securities Act of 1933 and to the Securities and Exchange Commission" in the Federal Securities Act of 1933 treatise published by Matthew Bender. He lectures frequently to legal, accounting, business, and financial groups, has been interviewed about legal developments on radio, TV, and cable news programs, and has been quoted for his insight on legal topics in publications such as The Wall Street Journal, The New York Times, and the Chicago Tribune.
Peer Recognition and Awards*
Patrick has been selected by his peers for inclusion in The Best Lawyers in America© in the fields of Corporate Governance Law (2012-2023), Corporate Law (2010-2023), Securities/Capital Markets Law (2007, 2012-2023), Securities Regulation (2011-2023), Corporate Governance and Compliance Law (2010-2011) and Securities Law (2010-2011). He was also named the Best Lawyers® 2022 Corporate Law “Lawyer of the Year” in Chicago. In 2010, The Legal 500 recognized his mergers & acquisitions work. Also selected for the first and all subsequent editions of Super Lawyers® for his achievements in securities and corporate finance, he is now Peer Review Rated as AV Preeminent®, the highest performance rating in Martindale-Hubbell® Peer Review Ratings™ system and has been so rated since his first evaluation more than 20 years ago. In 2019, he was awarded the Judicial AV Preeminent® Rating, which is the highest possible distinction by both his peers and the Judiciary. He was named to the named to the 2022 "Midwest Trailblazers" list by The American Lawyer.
Patrick was selected as "Michigan Lawyer of the Year" by Michigan Lawyers Weekly in 2007. The only corporate lawyer so honored, he was labeled a "financial wiz" and a "mastermind." He was named to DBusiness magazine's list of "Top Lawyers" in the areas of corporate governance and compliance law and securities law and was named a Best Lawyers’ Detroit Corporate Governance Law "Lawyer of the Year" even while living and working in Chicago. According to Chambers USA, Patrick is "top of the class for capital raising."
Bar Admissions
- Admitted to practice in New York, Washington, D.C., North Carolina, Michigan and Illinois
- Admitted to practice in the U.S. District Courts for the Southern District of New York (New York City) and for the Eastern and Western Districts of Michigan
Rebecca DeMarb
DEVELOPMENT SPECIALISTS, INC. - Senior Managing Director
DEVELOPMENT SPECIALISTS, INC. - Senior Managing Director
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Rebecca R. DeMarb joined Development Specialists, Inc. as a Senior Managing Director after nearly 25-years practicing law. DeMarb has extensive experience in workouts, restructuring, receiverships and assignments.
Ms. DeMarb works diligently to meet the needs of the stakeholders. She is hands-on, responsive, and focuses on bringing diverse interests together to reach acceptable solutions that are cost-effective and make solid business sense. Known to get the messy cases, DeMarb digs to find value and finds great joy in a successful sale process. She brings a polished work-product and a no-nonsense approach to her streamlined, lean and efficient matters. Her industry experience includes manufacturing, service businesses, intellectual property, c-stores, e-businesses, dealerships, medical technology, all types of real estate, healthcare and agriculture.
As an attorney, in addition to her receivership practice, Ms. DeMarb represented businesses and other interested parties in Chapter 11 bankruptcies, state court receiverships, sales of business assets and out-of-court business reorganizations.
Ms. DeMarb is a full member of the National Association of Federal Equity Receivers. She received a J.D. from the University of Wisconsin Law School and B.A. from Loyola University Chicago.
Ms. DeMarb works diligently to meet the needs of the stakeholders. She is hands-on, responsive, and focuses on bringing diverse interests together to reach acceptable solutions that are cost-effective and make solid business sense. Known to get the messy cases, DeMarb digs to find value and finds great joy in a successful sale process. She brings a polished work-product and a no-nonsense approach to her streamlined, lean and efficient matters. Her industry experience includes manufacturing, service businesses, intellectual property, c-stores, e-businesses, dealerships, medical technology, all types of real estate, healthcare and agriculture.
As an attorney, in addition to her receivership practice, Ms. DeMarb represented businesses and other interested parties in Chapter 11 bankruptcies, state court receiverships, sales of business assets and out-of-court business reorganizations.
Ms. DeMarb is a full member of the National Association of Federal Equity Receivers. She received a J.D. from the University of Wisconsin Law School and B.A. from Loyola University Chicago.
William Q. Derrough
MOELIS & COMPANY - Managing Director & Co-Head of Capital Structure Advisory
MOELIS & COMPANY - Managing Director & Co-Head of Capital Structure Advisory
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Bill Derrough is a Managing Director and Global Co-Head of Capital Structure Advisory at Moelis & Company. Bill has extensive experience advising all types of parties in major restructurings including companies, boards of directors, creditor groups, shareholders, unions and governmental entities and has been instrumental in building out the Firm’s restructuring franchise. Under his leadership, Moelis & Company has established one of the world’s leading restructuring teams, which has advised on more than 400 assignments globally representing over $1 trillion in value. The team was ranked #1 Restructuring Advisor both globally and in the U.S. in 2019 for completed engagements and was awarded the prestigious Restructuring Bank of the Year award for 2019 by IFR Magazine.
Bill has 30 years of investment banking experience. From 1998 until joining Moelis & Company, he co-founded and co-headed the Recapitalization & Restructuring Group at Jefferies & Company. While at Jefferies, Bill advised a wide spectrum of clients and investors on restructurings, recapitalizations, financings, mergers and other engagements. Prior to joining Jefferies, Bill was a Principal at Doyle & Boissiere, a private investment firm. Bill began his investment banking career at Salomon Brothers Inc.
Bill holds a B.A. from the University of California, Berkeley. He serves on the boards of Youth INC, Boy Scouts of Greater New York, Bennington College and the Academy of St. Joseph, New York. He also served as Treasurer of the Democratic National Committee from 2017-2021.
Bill has 30 years of investment banking experience. From 1998 until joining Moelis & Company, he co-founded and co-headed the Recapitalization & Restructuring Group at Jefferies & Company. While at Jefferies, Bill advised a wide spectrum of clients and investors on restructurings, recapitalizations, financings, mergers and other engagements. Prior to joining Jefferies, Bill was a Principal at Doyle & Boissiere, a private investment firm. Bill began his investment banking career at Salomon Brothers Inc.
Bill holds a B.A. from the University of California, Berkeley. He serves on the boards of Youth INC, Boy Scouts of Greater New York, Bennington College and the Academy of St. Joseph, New York. He also served as Treasurer of the Democratic National Committee from 2017-2021.
Matthew Dundon
DUNDON ADVISORS LLC - Principal
DUNDON ADVISORS LLC - Principal
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Matthew Dundon founded the firm in 2016. He has been a global credit, litigation and distressed investment leader for over 13 years (research head at Miller Tabak Roberts Securities 2006-2010, and portfolio manager at Pine River Capital and Advent Capital 2010-2016), including dozens of litigation-intensive investments and trading opportunities. Corporate finance lawyer and analyst 1998-2006. University of Chicago JD, University of California at Berkeley BA.
Daniel M. Eggermann
KRAMER LEVIN NAFTALIS & FRANKEL LLP - Partner
KRAMER LEVIN NAFTALIS & FRANKEL LLP - Partner
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Daniel M. Eggermann represents significant parties, including distressed investors, bank debt holder and bondholder groups, creditors’ committees, independent directors of debt issuers, and other parties in interest, in complex Chapter 11 bankruptcy cases, out-of-court restructurings and other distressed situations. Daniel advises reorganized companies and their investors on a comprehensive range of corporate issues, and regularly counsels market participants in connection with credit default swaps.
Among his recent bankruptcy work, Daniel currently represents an ad hoc committee of governmental entities holding opioid-related claims in connection with the Chapter 11 proceedings commenced by Mallinckrodt plc, one of the largest manufacturers and distributors of opioids. Daniel also represented the official committees of unsecured creditors appointed in the Chapter 11 restructuring of Eagle Hospitality, a hotel real estate investment trust; in the balance sheet and fleet restructuring of the Bristow Group, one of the world’s leading industrial aviation service providers; in the Chapter 11 bankruptcy of California Pizza Kitchen; and in the Chapter 11 bankruptcy of Forever 21 and its affiliates, a leading retailer of “fast fashion” for women and men with more than 800 stores in more than 40 countries. Daniel also represented an ad hoc group of first lien noteholders holding in excess of $3.5 billion of first priority senior secured bonds issued by Caesars Entertainment Operating Co. in the Caesars bankruptcy proceedings. He also continues to serve as U.S. counsel to Lehman Brothers Treasury Co. BV, the Dutch financing arm of Lehman Brothers that issued more than $34 billion in notes.
Daniel’s work in the credit default swaps marketplace includes advising market participants on swaps issued on Sears, Windstream and Thomas Cook. He was part of the Kramer Levin team that represented members of the ISDA determinations committee in front of the External Review Panel convened in connection with the Sears credit event, securing a precedent-setting “yes” decision in the landmark Sears CDS case.
Among his recent bankruptcy work, Daniel currently represents an ad hoc committee of governmental entities holding opioid-related claims in connection with the Chapter 11 proceedings commenced by Mallinckrodt plc, one of the largest manufacturers and distributors of opioids. Daniel also represented the official committees of unsecured creditors appointed in the Chapter 11 restructuring of Eagle Hospitality, a hotel real estate investment trust; in the balance sheet and fleet restructuring of the Bristow Group, one of the world’s leading industrial aviation service providers; in the Chapter 11 bankruptcy of California Pizza Kitchen; and in the Chapter 11 bankruptcy of Forever 21 and its affiliates, a leading retailer of “fast fashion” for women and men with more than 800 stores in more than 40 countries. Daniel also represented an ad hoc group of first lien noteholders holding in excess of $3.5 billion of first priority senior secured bonds issued by Caesars Entertainment Operating Co. in the Caesars bankruptcy proceedings. He also continues to serve as U.S. counsel to Lehman Brothers Treasury Co. BV, the Dutch financing arm of Lehman Brothers that issued more than $34 billion in notes.
Daniel’s work in the credit default swaps marketplace includes advising market participants on swaps issued on Sears, Windstream and Thomas Cook. He was part of the Kramer Levin team that represented members of the ISDA determinations committee in front of the External Review Panel convened in connection with the Sears credit event, securing a precedent-setting “yes” decision in the landmark Sears CDS case.
Richard M. Fels
ODEON CAPITAL GROUP - Managing Director
ODEON CAPITAL GROUP - Managing Director
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Richard Fels is a financial professional with more than thirty years of experience in transactions relating to the event-oriented, distressed and restructuring markets. He has extensive knowledge in representing clients for all their transaction and execution needs.
Mr. Fels is currently a member of Odeon Capital’s Capital Markets Group, specifically focused on Restructuring and Distressed M&A . He previously spent many years as a principal of Tradition NA, formerly Asiel & Company.
Mr. Fels is also a managing member of Sunset Advisors LLC, an advisory practice.
He is currently an active panelist on the Beard Group’s Distressed Investing Conference and has also been on various residential, charitable, and community boards.
Mr. Fels is known by clients for his strong commitment to fair and equal dealing. His sense of order and accountability enhances any working group.
He holds an A.B. in economics from Franklin and Marshall College and is a graduate of Central High School for Boys in Philadelphia with a B.A. Mr. Fels is, and will always be, a proud Eagle Scout.
Mr. Fels is available for engagement on various advisory and creditor committees pertaining to bankruptcy cases, workouts, and litigation throughout the country. He has a special interest in investor and employee issues, where he provides forensic financial consulting and planning.
Mr. Fels is currently a member of Odeon Capital’s Capital Markets Group, specifically focused on Restructuring and Distressed M&A . He previously spent many years as a principal of Tradition NA, formerly Asiel & Company.
Mr. Fels is also a managing member of Sunset Advisors LLC, an advisory practice.
He is currently an active panelist on the Beard Group’s Distressed Investing Conference and has also been on various residential, charitable, and community boards.
Mr. Fels is known by clients for his strong commitment to fair and equal dealing. His sense of order and accountability enhances any working group.
He holds an A.B. in economics from Franklin and Marshall College and is a graduate of Central High School for Boys in Philadelphia with a B.A. Mr. Fels is, and will always be, a proud Eagle Scout.
Mr. Fels is available for engagement on various advisory and creditor committees pertaining to bankruptcy cases, workouts, and litigation throughout the country. He has a special interest in investor and employee issues, where he provides forensic financial consulting and planning.
Steven L. Gidumal
VIRTUS CAPITAL, LP - President and Managing Partner
VIRTUS CAPITAL, LP - President and Managing Partner
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Steve Gidumal is the President and Managing Partner of Virtus Capital, LP, a Florida and New York based hedge fund specializing in investing in restructurings and distressed securities. Mr. Gidumal has been investing capital since 1994 first at Bear, Stearns, then at Tribeca Investments, an internal hedge fund of Travelers and Citibank and since 2004 at Virtus Capital LP. In 2007, a $400 million fund managed by Mr. Gidumal was ranked the number one fund in the United States in its category by Hedge Fund Research Institute. Mr. Gidumal was a co-founder of Westside Energy in 2003, an oil and gas exploration company focused on drilling for oil and natural gas in the western counties of the Barnett Shale in Texas. In June 2008, Westside Energy was sold to Crusader Energy for approximately $200 million. Mr. Gidumal was also instrumental in negotiating resolutions to the Eurotunnel restructuring in 2006, the Smartalk litigation in 2008, and as a Board member of the Mirant Recovery Trust (“MCAR”) negotiated the settlement with Southern Energy which paid MCAR $202 million in cash. Mr. Gidumal began his career at Arthur Andersen’s consulting division (now Accenture) and was hired by Polychrome Corp. to be its Materials Manager in its 1980s turnaround, where Mr. Gidumal was promoted to Director of Operations and became the company’s youngest executive. Mr. Gidumal has been a speaker at our Distressed Investing annual conference in New York for the past 17 years. Mr. Gidumal has a Bachelor of Science cum laude from the Wharton Business School of the University of Pennsylvania where he double-majored in Accounting and Finance and has a Masters’ in Business Administration (MBA) from Harvard Business School where he graduated as a Baker Scholar with highest honors.
Dan Gropper
CARRONADE CAPITAL MANAGEMENT, LP - Managing Partner
CARRONADE CAPITAL MANAGEMENT, LP - Managing Partner
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Dan is the Managing Partner and Chief Investment Officer of Carronade Capital Management, LP.
Carronade Capital manages a multi-strategy private investment fund, which focuses on investing in non-traditional, undervalued debt instruments, combining robust fundamental business valuation with proprietary legal and capital structure analysis.
Carronade utilizes a differentiated approach that emphasizes: where securities reside in the capital structure, analyzing legal disputes and a deep understanding of the restructuring process. The firm invests across diverse credit strategies including restructuring positions, stressed credit, capital structure arbitrage and event driven positions.
Dan is a Director and Chief Financial Officer of Vennue, the first nonprofit committed to building a stronger global pharmacy workforce by equipping pharmacy personnel in developing countries with the training and technology necessary to provide safe drug management and effective patient-centered care.
Carronade Capital manages a multi-strategy private investment fund, which focuses on investing in non-traditional, undervalued debt instruments, combining robust fundamental business valuation with proprietary legal and capital structure analysis.
Carronade utilizes a differentiated approach that emphasizes: where securities reside in the capital structure, analyzing legal disputes and a deep understanding of the restructuring process. The firm invests across diverse credit strategies including restructuring positions, stressed credit, capital structure arbitrage and event driven positions.
Dan is a Director and Chief Financial Officer of Vennue, the first nonprofit committed to building a stronger global pharmacy workforce by equipping pharmacy personnel in developing countries with the training and technology necessary to provide safe drug management and effective patient-centered care.
Mark F. Hebbeln
FOLEY & LARDNER LLP - Partner
FOLEY & LARDNER LLP - Partner
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Mark F. Hebbeln is a partner and bankruptcy attorney with Foley & Lardner LLP. Mark concentrates his practice in corporate restructuring, including particularly the representation of indenture trustees and other creditors and creditors' committees in chapter 11 cases. Mark has been recognized as one of the top bankruptcy and restructuring attorneys by Chambers USA, which has noted that he is “an unflappable kind of guy who is really calm, and really good at handling tense situations.”
Mark has represented indenture trustees and bondholder interests in numerous national bankruptcy cases, including; Chesapeake Energy, The Hertz Corporation, Sun Edison, Breitburn Energy, ASARCO, TerreStar, Bally Total Fitness, Energy Future, Exide Technologies, Abitibi-Bowater, Trico Marine, Kaiser Aluminum, Alpha Natural Resources, Extended Stay, Angiotech, Atlas Air, PG&E, Midstates Petroleum, Hawker Beechcraft, Mirant Corporation, BankUnited and United Airlines.
He also has significant experience representing official committees of unsecured creditors in chapter 11 proceedings, including leading the representations of the official committees in the Capitol Bancorp (Detroit) and Shorebank Corporation (Chicago) chapter 11 cases.
Mark has been ranked as one of the top bankruptcy and restructuring attorneys in Illinois by Chambers USA, which has noted that he is “an unflappable kind of guy who is really calm and really good at handling tense situations." He has been Peer Review Rated as AV Preeminent®, the highest performance rating in Martindale-Hubbell® Peer Review Ratings™
Turnarounds & Workouts recognized Mark as one of 12 outstanding young restructuring lawyers in the country in 2005 and as one of 14 outstanding young restructuring lawyers in the country in 2006. He has also been named to the Illinois Super Lawyers®.
Mark has been named a “Leading Lawyer” in Illinois for Bankruptcy & Workout Law: Commercial, and Mark was selected by his peers for inclusion in The Best Lawyers in America© in the fields of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law (2016 - 2022).*
Mark received his J.D. from Emory University School of Law (1997), where he was an articles editor for the Bankruptcy Developments Journal. He received his bachelor's degree, cum laude, in economics and politics from Wake Forest University (B.A., 1993), where he was admitted to the Pi Sigma Alpha (political science) and Omicron Delta Epsilon (economics) national honor societies.
Mark has represented indenture trustees and bondholder interests in numerous national bankruptcy cases, including; Chesapeake Energy, The Hertz Corporation, Sun Edison, Breitburn Energy, ASARCO, TerreStar, Bally Total Fitness, Energy Future, Exide Technologies, Abitibi-Bowater, Trico Marine, Kaiser Aluminum, Alpha Natural Resources, Extended Stay, Angiotech, Atlas Air, PG&E, Midstates Petroleum, Hawker Beechcraft, Mirant Corporation, BankUnited and United Airlines.
He also has significant experience representing official committees of unsecured creditors in chapter 11 proceedings, including leading the representations of the official committees in the Capitol Bancorp (Detroit) and Shorebank Corporation (Chicago) chapter 11 cases.
Mark has been ranked as one of the top bankruptcy and restructuring attorneys in Illinois by Chambers USA, which has noted that he is “an unflappable kind of guy who is really calm and really good at handling tense situations." He has been Peer Review Rated as AV Preeminent®, the highest performance rating in Martindale-Hubbell® Peer Review Ratings™
Turnarounds & Workouts recognized Mark as one of 12 outstanding young restructuring lawyers in the country in 2005 and as one of 14 outstanding young restructuring lawyers in the country in 2006. He has also been named to the Illinois Super Lawyers®.
Mark has been named a “Leading Lawyer” in Illinois for Bankruptcy & Workout Law: Commercial, and Mark was selected by his peers for inclusion in The Best Lawyers in America© in the fields of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law (2016 - 2022).*
Mark received his J.D. from Emory University School of Law (1997), where he was an articles editor for the Bankruptcy Developments Journal. He received his bachelor's degree, cum laude, in economics and politics from Wake Forest University (B.A., 1993), where he was admitted to the Pi Sigma Alpha (political science) and Omicron Delta Epsilon (economics) national honor societies.
Brian S. Hermann
PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP - Partner
PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP - Partner
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Deputy Chair of the Restructuring Department and a member of the firm’s Management Committee, Brian focuses on a range of restructuring and bankruptcy matters for both borrower and lender clients. He has extensive experience representing clients in complex out-of-court restructurings and chapter 11 cases nationwide and across various industries and routinely represents clients in complex litigation arising out of chapter 11. A member of the Media, Sports and Entertainment Group, he also has developed a sub-specialty working on a number of music, media and entertainment company restructurings and related matters.
Brian’s recent company experience includes advising Salem Harbor Power Development LP, The Collected Group, Pioneer Energy Services Corp., Preferred Sands, Jack Cooper Ventures, Animal Supply, Expro Holdings and CGG S.A., and his noteworthy creditor-side representations include advising key stakeholders in the restructurings of Service King, Carlson Travel Inc., Windstream, Covia Holdings Corporation, Frontier Communications, TOMS Shoes, Toys “R” Us, Country Fresh, Gibson Brands, American Tire, Tidewater, Paragon Offshore, Sabine Oil & Gas, Arch Coal, Texas Competitive Electric Holdings Company, Armstrong Energy, Nortek and General Motors. Brian represented the California Public Utilities Commission in the chapter 11 cases of PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company, California’s largest investor-owned public utility and the largest public utility in U.S. history to file for bankruptcy relief. He also represented the Commission in PG&E’s previous chapter 11 case, including in related litigation and appeals, from which PG&E emerged in 2003.
AWARDS AND RECOGNITIONS
Brian is recognized by Chambers USA, in which clients praise him as “an excellent lawyer with a diverse practice and a measured approach” through his “tremendously good judgment.” He is recognized as a “Leading Lawyer” by The Legal 500, a “Thought Leader” by Who’s Who Legal and a highly regarded practitioner by The Best Lawyers in America, and he was named in Lawdragon’s “500 Leading US Bankruptcy & Restructuring Lawyers.” Brian is also listed as a Featured Dealmaker in The Deal’s Bankruptcy Law Firm Power Rankings for individual lawyers.
Brian is frequently commended for his exceptional work on high profile matters such as the chapter 11 cases of Frontier Communications and the prepackaged chapter 11 cases of Carlson Travel, which were awarded the “Chapter 11 Restructuring (Mega)” award and the “Pre-Pack Restructuring (Large)” award by The Turnaround Atlas Awards 2022, respectively. Brian also received high praise when he advised an ad hoc committee of senior secured noteholders in the successful chapter 11 reorganization of Gibson Brands, Inc., which was recognized as Turnaround Management Association’s 2019 “Mid-Size Company Transaction of the Year” and Private Debt Investor’s 2018 “Distressed Deal of the Year.” Brian was named an American Lawyer 2018 “Dealmaker of the Year” for his work representing French oilfield services company CGG S.A. in its chapter 11 cases, among the largest restructurings in French history and the first-ever successful coordination of a French “Sauvegarde” proceeding with a U.S. chapter 11 case. The Financial Times commended Brian in its 2015 Innovative Lawyers report for his work advising Preferred Sands in connection with its out-of-court restructuring.
Brian is a Fellow of the American College of Bankruptcy. He also serves on the Practicing Law Institute’s Bankruptcy and Creditor Rights Advisory Committee and writes frequently on bankruptcy issues. Additionally, Brian was also given a Distinguished Service Award at the Pace University Elisabeth Haub School of Law’s 27th Annual Law Leadership celebration. He co-authored, with fellow Paul, Weiss bankruptcy partner Alan Kornberg, the “USA” chapter of The Strategic View – Corporate Restructuring, published by the Global Legal Group. Brian has also published numerous articles, including “New Strategies for Getting Paid: Recent Investment Fund Activity in Chapter 11” (Global Restructuring Review), “Bankruptcy Reforms and the High Net Worth Debtor” (New York Law Journal), “Recording Artists, Beware!” (New York Law Journal) and “Deciphering Dana” (The Deal, “Judgment Call”).
Brian’s recent company experience includes advising Salem Harbor Power Development LP, The Collected Group, Pioneer Energy Services Corp., Preferred Sands, Jack Cooper Ventures, Animal Supply, Expro Holdings and CGG S.A., and his noteworthy creditor-side representations include advising key stakeholders in the restructurings of Service King, Carlson Travel Inc., Windstream, Covia Holdings Corporation, Frontier Communications, TOMS Shoes, Toys “R” Us, Country Fresh, Gibson Brands, American Tire, Tidewater, Paragon Offshore, Sabine Oil & Gas, Arch Coal, Texas Competitive Electric Holdings Company, Armstrong Energy, Nortek and General Motors. Brian represented the California Public Utilities Commission in the chapter 11 cases of PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company, California’s largest investor-owned public utility and the largest public utility in U.S. history to file for bankruptcy relief. He also represented the Commission in PG&E’s previous chapter 11 case, including in related litigation and appeals, from which PG&E emerged in 2003.
AWARDS AND RECOGNITIONS
Brian is recognized by Chambers USA, in which clients praise him as “an excellent lawyer with a diverse practice and a measured approach” through his “tremendously good judgment.” He is recognized as a “Leading Lawyer” by The Legal 500, a “Thought Leader” by Who’s Who Legal and a highly regarded practitioner by The Best Lawyers in America, and he was named in Lawdragon’s “500 Leading US Bankruptcy & Restructuring Lawyers.” Brian is also listed as a Featured Dealmaker in The Deal’s Bankruptcy Law Firm Power Rankings for individual lawyers.
Brian is frequently commended for his exceptional work on high profile matters such as the chapter 11 cases of Frontier Communications and the prepackaged chapter 11 cases of Carlson Travel, which were awarded the “Chapter 11 Restructuring (Mega)” award and the “Pre-Pack Restructuring (Large)” award by The Turnaround Atlas Awards 2022, respectively. Brian also received high praise when he advised an ad hoc committee of senior secured noteholders in the successful chapter 11 reorganization of Gibson Brands, Inc., which was recognized as Turnaround Management Association’s 2019 “Mid-Size Company Transaction of the Year” and Private Debt Investor’s 2018 “Distressed Deal of the Year.” Brian was named an American Lawyer 2018 “Dealmaker of the Year” for his work representing French oilfield services company CGG S.A. in its chapter 11 cases, among the largest restructurings in French history and the first-ever successful coordination of a French “Sauvegarde” proceeding with a U.S. chapter 11 case. The Financial Times commended Brian in its 2015 Innovative Lawyers report for his work advising Preferred Sands in connection with its out-of-court restructuring.
Brian is a Fellow of the American College of Bankruptcy. He also serves on the Practicing Law Institute’s Bankruptcy and Creditor Rights Advisory Committee and writes frequently on bankruptcy issues. Additionally, Brian was also given a Distinguished Service Award at the Pace University Elisabeth Haub School of Law’s 27th Annual Law Leadership celebration. He co-authored, with fellow Paul, Weiss bankruptcy partner Alan Kornberg, the “USA” chapter of The Strategic View – Corporate Restructuring, published by the Global Legal Group. Brian has also published numerous articles, including “New Strategies for Getting Paid: Recent Investment Fund Activity in Chapter 11” (Global Restructuring Review), “Bankruptcy Reforms and the High Net Worth Debtor” (New York Law Journal), “Recording Artists, Beware!” (New York Law Journal) and “Deciphering Dana” (The Deal, “Judgment Call”).
Gary E. Hindes
THE DELAWARE BAY COMPANY LLC - Managing Director
THE DELAWARE BAY COMPANY LLC - Managing Director
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Gary E. Hindes is Chairman and Managing Director of The Delaware Bay Company, LLC.
Mr. Hindes began his career in 1970 as what is believed to have been the youngest newspaper publisher in the United States. At age 19, Mr. Hindes founded The Evening Standard Group, which published The Oak Forester and three other Chicago suburban weekly newspapers. Mr. Hindes then became editor of the Edmond Sun in Edmond, Oklahoma. From 1973 to 1975, Mr. Hindes was associate editor and chief investigative reporter for the Delaware State News in Dover, Delaware, where he won First Prize for Spot News Reporting and Second Prize (with staff) for investigative reporting from the Maryland-Delaware-District of Columbia Press Association. From 1976 until 1978, Mr. Hindes served as press secretary to the county executive of New Castle County, Delaware and then as Assistant to the Speaker of the House during the 119th Delaware General Assembly.
Mr. Hindes began his career in the securities industry in November of 1978 as a trainee at Blyth, Eastman Dillon & Co. In 1980, he became a Vice President of Paine, Webber, Jackson & Curtis, Inc. In 1981, he was elected a Vice President of Kidder Peabody & Co. and from 1983 to 1986 he was employed in the high net worth unit of Morgan Stanley. At Blyth, Eastman Dillon, Kidder Peabody and Morgan Stanley, Mr. Hindes specialized in researching the securities of bankrupt and distressed companies such as the Pennsylvania Railroad, Chrysler Corporation, Chrysler Financial Corporation, First Pennsylvania Bank, International Harvester Credit Corp., and Continental Illinois National Bank and Trust Company of Chicago. In 1986, Mr. Hindes resigned from Morgan Stanley in order to form the Fallen Angels Fund, L.P., a private partnership investing in distressed securities. Also that year, he founded The Delaware Bay Company, Inc., an institutional brokerage firm specializing in distressed securities. Mr. Hindes sold his interest in The Delaware Bay Company, Inc. in 1996 and then served as liquidating trustee of the South Street Funds, a group of hedge funds with over $250 million in assets. In 2000, Mr. Hindes joined Deltec Asset Management, LLC, where he founded and was the sole manager of Deltec Recovery Fund, L.P. until December 31, 2010.
In addition to having conducted extensive research into and invested in the securities of bankrupt and distressed companies, Mr. Hindes has also had considerable direct experience in the management and operations of such companies. Mr. Hindes served as chairman of the creditors committee in the McLean Industries bankruptcy and as a member of the creditors committee in the Circle Express and Western Union bankruptcies. He also served on the ad hoc committee of bondholders when the LTV Corporation was in bankruptcy proceedings and was chairman of the Bondholders Protective Committee during the Johns-Manville bankruptcy. In addition, Mr. Hindes was the Chairman of the Meritor/PSFS Bondholder Committee during the Philadelphia Savings Fund Society’s successful exchange offer in 1991. He has been quoted extensively as to bankruptcy-related matters in such publications as the Wall Street Journal, New York Times and Business Week magazine and has appeared on Bloomberg Television, the CBS and NBC Evening News; he also served as the 1998 co-chairman of the American Distressed Investors Conference held in New York City. Mr. Hindes is a former member of the board of directors of Lancer Industries, Inc. (an affiliate of the Joseph, Littlejohn & Levy Funds); Intranet Corp. (owner of Roadrunner Transportation, Inc. and three other over-the-road trucking companies), and Busse Broadcasting, Inc. (owner of the NBC affiliate in Kalamazoo, Michigan and the ABC affiliate in Eau Claire, Wisconsin), all of which are successors-in-interest to bankrupt companies.
From 1982 to 2007, Mr. Hindes served as chairman of the board of trustees of Wilmington Head Start, Inc., a not-for-profit pre-school educational program for underprivileged inner-city children, and from 1993 to 2001 served by presidential appointment on the John F. Kennedy Center Advisory Council on the Arts. Mr. Hindes currently serves on the investment management committee of the United States Holocaust Memorial Museum and is a former member of the boards of directors of the Wilmington Housing Authority and the Delaware Theater Company. He is a member of the Economic Club of New York, the Turnaround Management Association and a life member of the Sons of the American Revolution and the NAACP.
Mr. Hindes began his career in 1970 as what is believed to have been the youngest newspaper publisher in the United States. At age 19, Mr. Hindes founded The Evening Standard Group, which published The Oak Forester and three other Chicago suburban weekly newspapers. Mr. Hindes then became editor of the Edmond Sun in Edmond, Oklahoma. From 1973 to 1975, Mr. Hindes was associate editor and chief investigative reporter for the Delaware State News in Dover, Delaware, where he won First Prize for Spot News Reporting and Second Prize (with staff) for investigative reporting from the Maryland-Delaware-District of Columbia Press Association. From 1976 until 1978, Mr. Hindes served as press secretary to the county executive of New Castle County, Delaware and then as Assistant to the Speaker of the House during the 119th Delaware General Assembly.
Mr. Hindes began his career in the securities industry in November of 1978 as a trainee at Blyth, Eastman Dillon & Co. In 1980, he became a Vice President of Paine, Webber, Jackson & Curtis, Inc. In 1981, he was elected a Vice President of Kidder Peabody & Co. and from 1983 to 1986 he was employed in the high net worth unit of Morgan Stanley. At Blyth, Eastman Dillon, Kidder Peabody and Morgan Stanley, Mr. Hindes specialized in researching the securities of bankrupt and distressed companies such as the Pennsylvania Railroad, Chrysler Corporation, Chrysler Financial Corporation, First Pennsylvania Bank, International Harvester Credit Corp., and Continental Illinois National Bank and Trust Company of Chicago. In 1986, Mr. Hindes resigned from Morgan Stanley in order to form the Fallen Angels Fund, L.P., a private partnership investing in distressed securities. Also that year, he founded The Delaware Bay Company, Inc., an institutional brokerage firm specializing in distressed securities. Mr. Hindes sold his interest in The Delaware Bay Company, Inc. in 1996 and then served as liquidating trustee of the South Street Funds, a group of hedge funds with over $250 million in assets. In 2000, Mr. Hindes joined Deltec Asset Management, LLC, where he founded and was the sole manager of Deltec Recovery Fund, L.P. until December 31, 2010.
In addition to having conducted extensive research into and invested in the securities of bankrupt and distressed companies, Mr. Hindes has also had considerable direct experience in the management and operations of such companies. Mr. Hindes served as chairman of the creditors committee in the McLean Industries bankruptcy and as a member of the creditors committee in the Circle Express and Western Union bankruptcies. He also served on the ad hoc committee of bondholders when the LTV Corporation was in bankruptcy proceedings and was chairman of the Bondholders Protective Committee during the Johns-Manville bankruptcy. In addition, Mr. Hindes was the Chairman of the Meritor/PSFS Bondholder Committee during the Philadelphia Savings Fund Society’s successful exchange offer in 1991. He has been quoted extensively as to bankruptcy-related matters in such publications as the Wall Street Journal, New York Times and Business Week magazine and has appeared on Bloomberg Television, the CBS and NBC Evening News; he also served as the 1998 co-chairman of the American Distressed Investors Conference held in New York City. Mr. Hindes is a former member of the board of directors of Lancer Industries, Inc. (an affiliate of the Joseph, Littlejohn & Levy Funds); Intranet Corp. (owner of Roadrunner Transportation, Inc. and three other over-the-road trucking companies), and Busse Broadcasting, Inc. (owner of the NBC affiliate in Kalamazoo, Michigan and the ABC affiliate in Eau Claire, Wisconsin), all of which are successors-in-interest to bankrupt companies.
From 1982 to 2007, Mr. Hindes served as chairman of the board of trustees of Wilmington Head Start, Inc., a not-for-profit pre-school educational program for underprivileged inner-city children, and from 1993 to 2001 served by presidential appointment on the John F. Kennedy Center Advisory Council on the Arts. Mr. Hindes currently serves on the investment management committee of the United States Holocaust Memorial Museum and is a former member of the boards of directors of the Wilmington Housing Authority and the Delaware Theater Company. He is a member of the Economic Club of New York, the Turnaround Management Association and a life member of the Sons of the American Revolution and the NAACP.
Harold L. Kaplan
FOLEY & LARDNER LLP - Partner
FOLEY & LARDNER LLP - Partner
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Harold L. Kaplan is a partner with Foley & Lardner LLP, and, among other things, is the leader of the firm's Corporate Trust and Bondholders Rights Team and is a member of the firm's Bankruptcy & Business Reorganizations Practice. Over the last three decades, Mr. Kaplan has represented financial institutions, debtors, trustees under the Bankruptcy Code and the Securities Investors Protection Act, foreign liquidators in ancillary proceedings, creditors' committees, and other creditor groups, including specializing in and being nationally recognized for representing Indenture Trustees and bondholder interests. Recent major (multi-billion dollar) bond default representations for Indenture Trustees include: Chesapeake, J.C. Penney and Hertz. Mr. Kaplan also recently served as Litigation Trustee in the White Star Oil & Gas case.
PROFESSIONAL MEMBERSHIPS, AFFILIATIONS AND HONORS
Mr. Kaplan is a past chair of the American Bar Association Committee on Trust Indentures and Indenture Trustees, as well as serving on several related committees, including the advisory drafting group of the Subcommittee on Revision of the Model Simplified Indenture and currently the American Bankers Association Corporate Trust Committee. He is also a past Chair of the American Bar Association Health Care and Nonprofits in Bankruptcy Subcommittee. He is a frequent speaker and writer (with upwards of 100 articles and presentations) on Corporate Trust and Bond Default matters.
Among other Honors, Mr. Kaplan is recognized as one of Chambers USA's 2006 – 2022 "Leaders in their Field" for bankruptcy, and was named one of 12 outstanding bankruptcy lawyers in the country in 2014, 2005, 2004 and 2003, and one of 13 in 2001, by Turnarounds & Workouts.
PROFESSIONAL MEMBERSHIPS, AFFILIATIONS AND HONORS
Mr. Kaplan is a past chair of the American Bar Association Committee on Trust Indentures and Indenture Trustees, as well as serving on several related committees, including the advisory drafting group of the Subcommittee on Revision of the Model Simplified Indenture and currently the American Bankers Association Corporate Trust Committee. He is also a past Chair of the American Bar Association Health Care and Nonprofits in Bankruptcy Subcommittee. He is a frequent speaker and writer (with upwards of 100 articles and presentations) on Corporate Trust and Bond Default matters.
Among other Honors, Mr. Kaplan is recognized as one of Chambers USA's 2006 – 2022 "Leaders in their Field" for bankruptcy, and was named one of 12 outstanding bankruptcy lawyers in the country in 2014, 2005, 2004 and 2003, and one of 13 in 2001, by Turnarounds & Workouts.
Suzanne Koenig
SAK MANAGEMENT LLC - Founder/CEO
SAK MANAGEMENT LLC - Founder/CEO
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Suzanne Koenig is president and founder of SAK Management Services LLC, a nationally recognized healthcare management and consulting services firm, with specific expertise in senior living, skilled nursing, and long-term care facilities. As owner and operator of SAK Management Services for over 30 years, Ms. Koenig provides a highly specialized combination of skills in the areas of operations improvement, staff development and quality assurance. As a senior living facility owner herself, Ms. Koenig understands the challenges and opportunities confronting senior living and long-term care providers in managing the industry’s changing dynamics. Ms. Koenig’s meticulous precision in marketing and census development within the healthcare industry results in unparalleled operational enhancements.
Ms. Koenig is a Licensed Nursing Home Administrator and a Licensed Social Worker in multiple states, and her professional experience includes:
Ms. Koenig holds a Master of Science Degree from Spertus College, Illinois, and a Bachelor of Social Work Degree from the University of Illinois, Urbana-Champaign. She is a frequent speaker for various healthcare industry associations and business affiliates where she conducts continuing education and training programs.
Board and Leadership
Publications
Author of “PCOs and the Ongoing Debate over Cost: 10 Years Later,” ABI Journal (January 2016).
Co-Author (with Nancy Peterman and Sherri Morisette) of “The Patient Care Ombudsman’s New Reality,” ABI Journal (July/August 2007).
Author of “Chicago Panels Share Tips on Rainmaking,” The Journal of Corporate Renewal (September 2005).
Ms. Koenig is a Licensed Nursing Home Administrator and a Licensed Social Worker in multiple states, and her professional experience includes:
- Executive positions in marketing, development and operations management for both regional and national health care providers representing property portfolios throughout the country
- Numerous appointments as the Patient Care Ombudsman in several health care bankruptcy filings in Delaware and throughout the United States. Ms. Koenig is the most frequent court-appointed Patient Care Ombudsman to medical facilities, advocating for patient care, in the country
- Management roles with over 500 facilities nationwide, providing in-house management to restore care and fiscal responsibility while establishing administrative teams to lead each facility in the future
Ms. Koenig holds a Master of Science Degree from Spertus College, Illinois, and a Bachelor of Social Work Degree from the University of Illinois, Urbana-Champaign. She is a frequent speaker for various healthcare industry associations and business affiliates where she conducts continuing education and training programs.
Board and Leadership
- Officer and Director for several long-term care provider associations
- Board member of the American Bankruptcy Institute and Co- Chair of the American Bankruptcy Institute’s (ABI) Health Care Insolvency Committee
- Member of the Global Turnaround Management Association (TMA) Board of Trustees
- Member of the Negotiating Team Task Force in Arizona, designing and negotiating the contract between the State and Counties for delivery of Indigent Health Services
- The only non-Lawyer and non-Attorney General invited by the National Association of Attorney Generals to participate on a Panel, titled “Patient Care Ombudsman” addressing the Patient Care Ombudsman’s interaction with the States in their role as Patient Care Regulator
- Testified before the House of Representatives as the Industry Expert in Funding the Long Term Care Industry
Publications
Author of “PCOs and the Ongoing Debate over Cost: 10 Years Later,” ABI Journal (January 2016).
Co-Author (with Nancy Peterman and Sherri Morisette) of “The Patient Care Ombudsman’s New Reality,” ABI Journal (July/August 2007).
Author of “Chicago Panels Share Tips on Rainmaking,” The Journal of Corporate Renewal (September 2005).
David S. Kurtz
LAZARD - Vice Chairman U.S. Investment Banking, Global Head of Restructuring & Capital Solutions, Chicago
LAZARD - Vice Chairman U.S. Investment Banking, Global Head of Restructuring & Capital Solutions, Chicago
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Mr. Kurtz joined Lazard as a Managing Director in the Restructuring Group in 2002 from Skadden, Arps, Slate, Meagher & Flom, where he was a senior partner, and became Co-Head of the Global Restructuring Group in 2006. In 2012 he was appointed Vice Chairman of US Investment Banking and Global Head of Restructuring & Capital Solutions.
He has been involved in the following restructuring assignments at Lazard:
• GEO Group
• iFIT Health & Fitness
• Express
• J.C. Penney
• Neiman Marcus
• T oys “R” Us
• J.Crew
• Gymboree
• RadioShack
• Eastman Kodak Company
• Walter Energy (Ad Hoc Group of First-Lien Creditors)
• The Great Atlantic & Pacific Tea Company, Inc. (A&P)
• Stone Energy
• Paragon
• Peabody Energy
• Dynegy, Inc.
• Opti-Canada Inc.
• Local Insight Media, LP
• Tribune Corp.
• Charter Communications, Inc.
• R.H. Donnelley Corporation (now Dex Media)
• Smurfit Stone Container Corp.
• Hawaiian T elcom
• TOUSA, Inc. (Technical Olympic USA, Inc.)
• Energy Future Holdings (Creditors’ Committee)
• Vertis, Inc.
• Chassix
• Movie Gallery, Inc.
• New Century Financial Corporation
• Adelphia Communications Corp.
• Northwestern Corporation
• Xcel Energy Corporation/NRG
• Rural Cellular Corp.
• Oglebay Norton Company
• American National Power
• Calpine Corporation (Creditors’ Committee)
• Northwest Airlines (Creditors’ Committee)
• United States Air Transportation Stabilization Board (in connection with USAirways, ATA Airlines, America West Airlines and Aloha Airlines)
David has over 35 years of restructuring experience and is a frequent lecturer on bankruptcy and reorganization related topics. He is a Fellow of the American College of Bankruptcy (and former member of the Board of Directors) and was named as the Bankruptcy Dealmaker of the Year 2001 by the American Lawyer magazine.
Case Western Reserve University, B.A., J.D.
He has been involved in the following restructuring assignments at Lazard:
• GEO Group
• iFIT Health & Fitness
• Express
• J.C. Penney
• Neiman Marcus
• T oys “R” Us
• J.Crew
• Gymboree
• RadioShack
• Eastman Kodak Company
• Walter Energy (Ad Hoc Group of First-Lien Creditors)
• The Great Atlantic & Pacific Tea Company, Inc. (A&P)
• Stone Energy
• Paragon
• Peabody Energy
• Dynegy, Inc.
• Opti-Canada Inc.
• Local Insight Media, LP
• Tribune Corp.
• Charter Communications, Inc.
• R.H. Donnelley Corporation (now Dex Media)
• Smurfit Stone Container Corp.
• Hawaiian T elcom
• TOUSA, Inc. (Technical Olympic USA, Inc.)
• Energy Future Holdings (Creditors’ Committee)
• Vertis, Inc.
• Chassix
• Movie Gallery, Inc.
• New Century Financial Corporation
• Adelphia Communications Corp.
• Northwestern Corporation
• Xcel Energy Corporation/NRG
• Rural Cellular Corp.
• Oglebay Norton Company
• American National Power
• Calpine Corporation (Creditors’ Committee)
• Northwest Airlines (Creditors’ Committee)
• United States Air Transportation Stabilization Board (in connection with USAirways, ATA Airlines, America West Airlines and Aloha Airlines)
David has over 35 years of restructuring experience and is a frequent lecturer on bankruptcy and reorganization related topics. He is a Fellow of the American College of Bankruptcy (and former member of the Board of Directors) and was named as the Bankruptcy Dealmaker of the Year 2001 by the American Lawyer magazine.
Case Western Reserve University, B.A., J.D.
Thomas Lauria
WHITE & CASE LLP - Partner, Miami, New York
WHITE & CASE LLP - Partner, Miami, New York
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Thomas is widely recognized as one of the leading bankruptcy attorneys in the United States. As Global Head of White & Case's Financial Restructuring and Insolvency Practice, he has played a pivotal role in the restructuring of more than US$100 billion of debt, in some of the largest and most complex restructurings in history. This significant track record has made Thomas a go-to lawyer for clients involved in the toughest and most challenging of bankruptcies. He combines a deep understanding, based on more than 30 years’ experience, of the underlying legal principles, with a willingness to develop new and creative solutions and then to take on the difficult litigation challenges that often come into play in the insolvency arena.
Thomas' reputation, as a legal innovator, a thoughtful strategist and a tenacious champion of his clients' interests, has attracted a host of respected and well-known strategic and financial investors as regular clients on complex insolvency matters. Undaunted by scale or complexity, Thomas' robust representation is based both on his strengths as a strategist and negotiator and his acclaimed leadership skills.
Noted by Chambers Global for his reputation as a "strong commander", Thomas is adept at coordinating advice across multiple offices, to provide clients with clear yet creative solutions to technically intricate, multijurisdictional problems. Among his numerous high-profile and award-winning deals, Thomas advised the investment group that bought the Texas Rangers baseball team from bankruptcy, acted as lead counsel to the creditors who won ownership of Six Flags Inc. following the company's bankruptcy, and represented a group of creditors who opposed the US government's section 363 sale of Chrysler.
Thomas was singled out by the Financial Times in its 2010 list of 'US Innovative Lawyers' for his work on these matters. Thomas also led the restructuring of the Central European Distribution Corporation, a deal that won "Chapter 11 Reorganization of the Year (over US$1 billion)" award at the 2014 M&A Advisor Distressed Investing Summit, where he also won the "M&A Advisor's 2014 Leadership Award." A respected authority on restructuring matters, Thomas is a prolific speaker and author on related topics such as comparative insolvency law systems, enterprise valuation, cross-border restructuring, liquidating plans and alternative dispute resolution procedures. Leading publications seek his opinion regarding restructuring issues of national and international interest and the rehabilitation strategies of distressed companies.
Thomas' reputation, as a legal innovator, a thoughtful strategist and a tenacious champion of his clients' interests, has attracted a host of respected and well-known strategic and financial investors as regular clients on complex insolvency matters. Undaunted by scale or complexity, Thomas' robust representation is based both on his strengths as a strategist and negotiator and his acclaimed leadership skills.
Noted by Chambers Global for his reputation as a "strong commander", Thomas is adept at coordinating advice across multiple offices, to provide clients with clear yet creative solutions to technically intricate, multijurisdictional problems. Among his numerous high-profile and award-winning deals, Thomas advised the investment group that bought the Texas Rangers baseball team from bankruptcy, acted as lead counsel to the creditors who won ownership of Six Flags Inc. following the company's bankruptcy, and represented a group of creditors who opposed the US government's section 363 sale of Chrysler.
Thomas was singled out by the Financial Times in its 2010 list of 'US Innovative Lawyers' for his work on these matters. Thomas also led the restructuring of the Central European Distribution Corporation, a deal that won "Chapter 11 Reorganization of the Year (over US$1 billion)" award at the 2014 M&A Advisor Distressed Investing Summit, where he also won the "M&A Advisor's 2014 Leadership Award." A respected authority on restructuring matters, Thomas is a prolific speaker and author on related topics such as comparative insolvency law systems, enterprise valuation, cross-border restructuring, liquidating plans and alternative dispute resolution procedures. Leading publications seek his opinion regarding restructuring issues of national and international interest and the rehabilitation strategies of distressed companies.
Michael Lane
Independent Advisor
Independent Advisor
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Michael Lane is a healthcare professional with over 40 years of industry experience providing advisory services to healthcare organizations across the nation as a consultant, investment banker and interim executive in troubled situations. His scope of expertise includes merger and acquisitions, divestitures, restructuring and operational improvement. He has worked with hundreds of healthcare organizations throughout his career including, academic medical centers, behavioral health providers, multi-hospital systems, freestanding acute care hospitals, senior care providers, multi-specialty physician groups and home health organizations as well as major financial institutions. He has been involved with dozens of healthcare Chapter 11 proceedings over the years, served as CEO and Chief Restructuring Officer on numerous occasions and, most recently was Chief Restructuring Officer for Astria Health in Washington State where he led the organization through a successful Chapter 11 reorganization. In addition, he has been admitted as an expert witness in numerous federal and state courts.
Mr. Lane has worked for major consulting and boutique investment banking firms during his career. Notable engagements include, Astria Health Chapter 11, Brooklyn Hospital Center distressed buy-side services, Brotman Medical Center Chapter 11, NCFE Chapter 11, DVI Chapter 11, Baylor College of Medicine strategic advisory, interim CFO for Harvard Medical International, and American Medical International buy-side advisory services for a major Wall Street investor.
Mr. Lane has provided interviews for national publications including Forbes, The Wall Street Journal, HFMA magazine and Modern Healthcare, authored numerous articles and is a frequent speaker at industry programs and seminars. He is a CPA (inactive), previously held Series 7 and 63 securities licenses and is graduate of Southeast Missouri State University where he received both Bachelor of Science and MBA degrees.
Mr. Lane has worked for major consulting and boutique investment banking firms during his career. Notable engagements include, Astria Health Chapter 11, Brooklyn Hospital Center distressed buy-side services, Brotman Medical Center Chapter 11, NCFE Chapter 11, DVI Chapter 11, Baylor College of Medicine strategic advisory, interim CFO for Harvard Medical International, and American Medical International buy-side advisory services for a major Wall Street investor.
Mr. Lane has provided interviews for national publications including Forbes, The Wall Street Journal, HFMA magazine and Modern Healthcare, authored numerous articles and is a frequent speaker at industry programs and seminars. He is a CPA (inactive), previously held Series 7 and 63 securities licenses and is graduate of Southeast Missouri State University where he received both Bachelor of Science and MBA degrees.
Jessica C. Lauria
WHITE & CASE - Partner, New York
WHITE & CASE - Partner, New York
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Jessica Lauria is a partner in the Firm's Financial Restructuring and Insolvency Practice based in the New York office. Jessica represents clients in a wide variety of in court and out of court restructuring matters. Her work includes providing advice on complex questions relating to governance in the corporate restructuring context as well as, among other things, analysis, strategic advice and negotiation of all aspects of corporate restructurings including debtor-in-possession financing arrangements, cash collateral usage and exit financing facilities; formulation of legal and financial strategies for negotiating and implementing plans of reorganization; negotiating debt and equity documents for reorganized companies; strategic advice and negotiation of sale documents and pleadings in connection with section 363 and other complex asset sales; strategic planning for debt restructuring alternatives and chapter 11 filings; preparing debtors for chapter 11 filings and structuring exit strategies for chapter 11 proceedings. Jessica also has extensive experience representing clients in connection with mass tort chapter 11 proceedings.
Michael Lipsky
MARINER INVESTMENT GROUP, LLC - Portfolio Manager
MARINER INVESTMENT GROUP, LLC - Portfolio Manager
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Mr. Lipsky joined Mariner in 2020 and is a Portfolio Manager for the Firm. Prior to joining Mariner, he was a Senior Analyst at Knighthead Capital Management. From 2011 to 2018, he was a Partner at MatlinPatterson Global Advisers LLC and Senior Portfolio Manager of the Global Opportunities Fund. From 2009 to 2011, Mr. Lipsky was a Managing Director at Blackrock, Inc. where he was the Portfolio Manager for the Value Credit Partners fund and head of distressed investments in the R3 Capital fund. Prior to joining Blackrock in 2009, Mr. Lipsky was a Senior Partner and Head of Distressed Products for R3 Capital Partners. He held a similar role with Lehman Brothers’ Global Principal Strategies group from 2007 to 2008. Earlier, he spent seven years with Deutsche Bank Securities, Inc. and was most recently a Managing Director in the Global Distressed Products group. From 1996 to 2000, Mr. Lipsky was an Associate in the Fixed Income Currencies and Commodities Group at Goldman Sachs & Co. Mr. Lipsky holds an MBA, with honors, from Columbia Business School and a BA degree from the University of Pennsylvania.
Samuel R. Maizel
DENTONS - Partner
DENTONS - Partner
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Samuel Maizel is a partner in Dentons' Restructuring, Insolvency and Bankruptcy group. His practice includes bankruptcy matters and financial restructuring in- and out-of-court in all industries, and he leads the firm's healthcare industry restructuring efforts nationwide. In chapter 11 cases, he has served as lead counsel to debtors, trustees, and creditors' committees, as well as serving as a trustee, examiner, patient care ombudsman, and consumer privacy ombudsman. He has represented many buyers and sellers of assets in chapter 11 cases. In chapter 9 cases, Sam has represented local hospital districts and other governmental units, as debtor's counsel and as counsel to creditors' committees.
Before joining Dentons, Sam was a partner in a national bankruptcy firm, and previous to that he represented the federal government in bankruptcy, district, and appellate courts nationwide as a trial attorney in the US Department of Justice's Commercial Litigation Branch. He has also served in US Army's The Judge Advocate General's Corps, including service in Operation Desert Shield/Desert Storm, for which he was awarded the Bronze Star Medal. Previously he served as an Infantry Officer in the 101st Airborne Division and the 3rd US Infantry Regiment (The Old Guard).
Sam has lectured extensively, is widely published, and been interviewed on television and radio on bankruptcy topics. He is the only attorney in the United States ranked in both healthcare and bankruptcy by Chambers and Partners and also Best Lawyers. Sam is not only a Fellow of the American College of Bankruptcy but was also recently awarded “Restructuring Lawyer of the Year” in 2020 by Global M&A Network. He has every year since 2007, been named a "Super Lawyer" in an annual region-wide peer survey, an honor bestowed on only 5% of Southern California attorneys; and was named a "Best Lawyer in America" for Healthcare in the 21st edition of Best Lawyers in America.
Before joining Dentons, Sam was a partner in a national bankruptcy firm, and previous to that he represented the federal government in bankruptcy, district, and appellate courts nationwide as a trial attorney in the US Department of Justice's Commercial Litigation Branch. He has also served in US Army's The Judge Advocate General's Corps, including service in Operation Desert Shield/Desert Storm, for which he was awarded the Bronze Star Medal. Previously he served as an Infantry Officer in the 101st Airborne Division and the 3rd US Infantry Regiment (The Old Guard).
Sam has lectured extensively, is widely published, and been interviewed on television and radio on bankruptcy topics. He is the only attorney in the United States ranked in both healthcare and bankruptcy by Chambers and Partners and also Best Lawyers. Sam is not only a Fellow of the American College of Bankruptcy but was also recently awarded “Restructuring Lawyer of the Year” in 2020 by Global M&A Network. He has every year since 2007, been named a "Super Lawyer" in an annual region-wide peer survey, an honor bestowed on only 5% of Southern California attorneys; and was named a "Best Lawyer in America" for Healthcare in the 21st edition of Best Lawyers in America.
Douglas Mannal
DECHERT LLP - Partner
DECHERT LLP - Partner