Bankruptcy News Makers

 
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    Stroock Partner Added

    Daniel Fliman, one of Turnarounds & Workouts' Outstanding Young Restructuring Lawyers and a Benchmark Litigation Future Star, joined Stroock's Financial Restructuring Group as a Partner, He arrives from Kasowitz Benson Torres, where he was a Partner. Fliman's practice includes all aspects of financial restructuring, with an emphasis on strategic litigation, and his clients include creditors, shareholders, boards, investors, asset purchasers and debtors. Fliman has been heavily involved in the Puerto Rico Title III proceeding and the Toys "R" Us and Westinghouse Chapter 11 cases. He previously had significant roles in the Lehman Brothers, J.Crew, Sabine Oil & Gas and Caesars Entertainment situations, among myriad other high-profile matters. Fliman received his JD from Emory University School of Law and his BA from Tufts University.

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    Ankura Senior Managing Director Appointed

    Ankura announced the appointment of Alex Sorokin as Senior Managing Director. Based in New York, Sorokin brings more than 30 years of advisory experience in business improvement, turnaround and restructuring situations, including multiple roles across the globe serving as C.E.O. and C.R.O.

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    Winter Harbor Director Added

    Winter Harbor LLC announced that Jeff Horine has joined the firm as a Director. Horine brings more than 25 years of restructuring, deal making and executive management experience to the firm having worked across a variety of industries including technology, retail, transportation logistics, banking and finance. Prior to joining Winter Harbor, Horine worked in C-level roles for institutionally funded businesses, most recently as the C.E.O. of a business with funding from The Bill & Melinda Gates Foundation, USAID and the CDC. He was also the Founding Director of Industry Consolidations Group at Citadel Investment Group. Horine started his career in investment banking after graduating from Florida State University with a Bachelor of Science in Finance. He later attended the Ross Graduate School of Business at the University of Michigan and received his MBA with a concentration in Finance and Accounting.

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    H2C Managing Director Added

    Hammond Hanlon Camp LLC (H2C) announced that Wayne P. Weitz has joined the firm as a Managing Director leading the growth and expansion of its Restructuring and Bankruptcy practice. Weitz has nearly 30 years of experience in turnaround management, financial and operational restructuring, bankruptcy, mergers and acquisitions and complex bondholder litigation. His practice includes debtor and borrower advisory services, secured and unsecured creditor advisory services, offshore and cross-border insolvency and statutory and ad hoc committees. In the healthcare sector, he has advised physician practices, specialty service providers and medical device manufacturers and has been responsible for executing growth strategies for private equity portfolio companies. Weitz joins H2C having held senior positions with leading turnaround advisory firms, where he has focused on advising troubled companies and stakeholders in and out of bankruptcy in domestic and cross-border situations. Prior to becoming a restructuring professional, he held positions in the corporate sector, where his responsibilities encompassed a range of activities including capital allocation, strategic planning, international acquisitions, valuation of potential acquisitions and investments and deal execution. He began his career as an investment banker and has completed nearly 100 acquisitions, dispositions and capital formation transactions. A recognized industry leader, Weitz is Co-Chair of the American Bankruptcy Institute's Financial Advisors and Investment Banking Committee and co-chair of the ABI's Complex Financial Restructuring Program. He is also a member of the Turnaround Management Association. Weitz earned a BA degree in Economics and Politics from Brandeis University and an MBA in Finance and Accounting from the University of Chicago Booth School of Business. In addition, he earned his Intermediate Sommelier Certification from the National Wine School.

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    EisnerAmper Managing Director Recognized

    Robert Katz CPA and CTP, a Managing Director in EisnerAmper's Bankruptcy and Restructuring Group, was named "Distressed M&A Dealmaker of the Year" by The M&A Advisor. The awards will be presented during the 12th Annual Turnaround Awards Gala at the 2018 M&A Advisor Distressed Investing Summit on March 21 in Palm Beach, FL. Katz, based in EisnerAmper's Philadelphia, PA office, works with public and private companies, both in and out of bankruptcy, that are facing operational or financial challenges to create and execute the strategy needed to restructure or improve operating performance. In a leadership capacity, Katz acts as Interim President, C.F.O., C.O.O., C.R.O. or Treasurer, helping companies improve operating performance. He acts as plan administrator, distribution trustee and receiver and also advises United States trustees, creditor committees, company management, lenders and private equity funds. He pursues substantial litigation claims and avoidance actions, as well as serves as an expert witness. He is a trusted advisor and board member for public companies, private family owned businesses, and many not-for-profit organizations. In addition, Katz prepares statements and schedules, forecasts and projections and negotiates with secured and unsecured creditors. He assists companies planning for, going through and emerging from a 363 sales process. Katz assists companies in raising capital, including refinancing debt, securing debtor-in-possession financing and adding lines of credit and term loans. He has also guided clients through strategic acquisitions, raising equity capital, and divestitures. Katz received a BSE in Accounting & Business Management from University of Pennsylvania, Wharton School of Business and MBA from Temple University.

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    Deloitte Vice Chair Appointed

    Deloitte announced that Paul Wellener has been appointed Vice Chairman, Deloitte LLP, and leader of the Industrial Products and Services practice in the United States, effective immediately. Wellener succeeds Trina Huelsman, who will continue to serve as Deloitte's Chief Risk and Reputation Officer, Deloitte Risk and Financial Advisory, Deloitte & Touche LLP. In his new role, Wellener will be responsible for driving key industrial products and services sector initiatives, growing the practice across all businesses and working closely with senior leaders of the organization and their clients, which include over 95% of the industry's Fortune 500 companies. Based in Cleveland, OH, Wellener also serves as Deloitte's Managing Principal of Northeast Ohio. A Principal in Deloitte Consulting LLP, Wellener has 28 years of experience in the industrial products and automotive sectors and has focused on helping organizations address major transformations. His global experience spans work with teams in Asia, Europe and South America. Wellner received his BS in Engineering from University of Pennsylvania and MSIA in Industrial Administration from Carnegie Mellon University-Tepper School of Business.

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    Milbank, Tweed, Hadley & McCloy Partners Added

    Milbank, Tweed, Hadley & McCloy LLP announced that the firm has added a significant team of four Partners to its Financial Restructuring practice in London. One of the leading restructuring and insolvency teams in Europe - Yushan Ng, Karen McMaster, Sinjini Saha - who will join the firm at a later date, and Jacqueline Ingram, bring a wealth of expertise advising on some of the most complex and high-profile, pan-European and transatlantic restructuring and special situation financing matters. Yushan will serve as Co-Head of Milbank's London Financial Restructuring Group alongside established restructuring partner Nick Angel. Ng has a focus on advising institutions that invest in distressed situations or impaired credits. Ng has advised on a wide range of some of the most complex restructurings across Europe. His practice also encompasses advising lenders and borrowers on a range of corporate and acquisition finance transactions. He combines his financing skillset with practical restructuring expertise to develop and implement novel rescue and priming loan structures, with the goal of maximizing credit risk arbitrage for clients investing in difficult situations. Ng graduated from Merton College, Oxford University. He also serves on the council of the Insolvency Lawyers Association. McMaster assists buy side and distressed investors structure, negotiate and implement a wide range of investments in distressed, stressed or special situation credits. She is experienced in all aspects of debt restructuring and reorganization, from initial contingency planning and options analysis to the implementation and management of complex workouts and has particular experience acting in relation to financing arrangements which predicate some element of risk, either in terms of structure, a background of distress or industry type. Her work encompasses a range of insolvency and reorganization tools and processes, including UK Schemes of Arrangement and Voluntary Administrations, US Chapter 11 and various European reorganization mechanisms. She graduated from the University of Melbourne with a BA and LLB degree. Saha specializes in acting for private equity and distressed financial sponsors on all aspects of their investments including cross-border M&A, stressed and distressed investments, loan-to-own transactions, restructurings, high yield and general corporate and securities law matters. Dual qualified in New York and England, she has deep experience with financial sponsors, acting on a wider range of large scale, cross border transactions. She received her Master of Law degree from Columbia University School of Law and her B.A. and LL.B. from the National Law School of India University in Bangalore, India. Ingram advises distressed investors, banks, corporates and creditor and noteholder committees, and her practice focuses on debt restructuring and special situations financing. She has extensive experience on complex cross-border restructurings, involving a wide range of insolvency and reorganization processes. Her practice also encompasses direct lending and special situations financing. She graduated from Nottingham University and studied for the Graduate Diploma in Law and Legal Practice Course at Nottingham Law School. She has worked on secondment in Tokyo and Amsterdam, as well as at a leading CLO fund.

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    Peter Tourtellot Award Winner Announced

    Thomas J. Allison, CTP, is the first recipient of the Peter Tourtellot Award. The Turnaround Management Association (TMA) established the Tourtellot Award in 2017 to recognize individuals who have displayed outstanding leadership and volunteerism involving the TMA Certification Program. The award was named the Peter Tourtellot Award in honor of past TMA Chair Peter Tourtellot, one of the TMA Certification Program's founders and champions throughout his career. TMA Global Chair, Milly Chow, Partner, Blake, Cassels & Graydon LLP, and TMA Global President, Kevin A. Krakora, CTP, Principal, restructuring, KPMG LLP, presented Allison with the award at the 2018 TMA Distressed Investing Conference in Las Vegas. Among his accolades, Allison most recently received the 2017 TMA Chicago/Midwest Legend Award. He was a founder and past Chairman of TMA. He was also a founder and former Chairman of the Association for Certified Turnaround Professionals (ACTP). He has received multiple TMA Turnaround and Transaction of the Year awards.

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    Lazard Managing Director Added

    Lazard Ltd announced that Dennis K. Berman, Financial Editor of The Wall Street Journal, will join the firm as a Managing Director in Financial Advisory, effective February 26. Based in New York, Berman will join Lazard's growing Shareholder Advisory practice, which serves corporate leaders and boards of directors with insights on shareholders, helping clients prepare for and create defenses against activists or unsolicited takeover attempts and build shareholder support for strategic transactions. Berman, a Pulitzer-Prize winning editor and writer, has served as the Financial Editor of The Wall Street Journal and as a member of the Dow Jones Industrial Average Committee since July 2015. He has been a frequent contributor to business-news network CNBC. Previously, he served as The Wall Street Journal's Business Editor, Global Deals Editor, and as an award-winning M&A reporter and columnist. He earned his BA at the University of Pennsylvania and was a Hoover Institution Media Fellow at Stanford University.

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    Peapack-Gladstone Financial Expansion Announced

    Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announce a heightened commitment to providing strategic advice to entrepreneurs and business owners who are looking for thoughtful and customized solutions. The Bank is further investing in its advice-led strategy through its corporate advisory team and expanding on the opportunities that this business segment offers. To help execute on its commitment to this dynamic market, the Bank has hired Kevin J. Bodnar to head the division with Patrick R. Brocker, a leader at Peapack-Gladstone Bank since 2015, who heads structured finance. The duo, along with fellow Peapack-Gladstone Bank Senior Managing Director, Thomas Brower, will lead the team in complement to other disciplines within the Bank, evaluating strategic alternatives for clients, including acquisitions, divestitures, joint ventures and recapitalizations; assessing debt capacity and appropriateness of debt and equity solutions and evaluating alternatives. Bodnar holds an MBA in Finance with a certification in International Finance from Seton Hall University and a BA in Political Science, with a minor in Business Management from Drew University. He is Series 7, 63, 79 and 99 NASD licensed. Brocker holds a BA in Business Administration with a major in accounting from Marquette University. He has been active for more than 20 years in the Commercial Finance Association.

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    Ankura Senior Managing Director Appointed

    Ankura announced the appointment of Robert J. Frezza as Senior Managing Director. A recognized restructuring advisor with more than 33 years of experience, he has provided a broad range of consulting services to clients in numerous industries. Over the past 19 years, he has specialized in leading creditors through complex restructuring engagements in both out-of-court and in-court Chapter 11 proceedings. Frezza is based in New York and will concentrate his efforts in helping to lead and expand the firm's world-class lender advisory practice. Frezza also brings M&A and refinancing due diligence expertise working on behalf of hedge funds, private equity-backed portfolio companies, lenders and acquisitive private and publicly held enterprises. In addition, he has acted as both a fact and expert witness in several jurisdictions, including the Southern District of New York.

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    M&A Advisor Lifetime Achievement Award Winner Announced

    The M&A Advisor announced that James H.M. Sprayregen is the recipient of the 2018 M&A Advisor Lifetime Achievement Award. Sprayregen is to be honored for his significant contribution to the bankruptcy and restructuring industry at the 12th Annual Turnaround Awards Gala on March 21, 2018 at The Colony Hotel in Palm Beach, FL. Sprayregen is a Restructuring Partner in the Chicago and New York offices of Kirkland & Ellis and serves on Kirkland's worldwide management committee. Having joined the firm in 1990, he is credited with having built its international Restructuring Group and has led some of the most complex Chapter 11 filings across the manufacturing, technology, transportation, energy, media, retail and real estate sectors in recent history. Notable amongst his bankruptcy leadership cases are United Airlines, Conseco, Energy Future Holdings Corp., Caesars Entertainment Operating Co., Toys "R" Us, Avaya, Japan Airlines Corporation as U.S. and international counsel, The Great Atlantic & Pacific Tea Company, Hawker Beechcraft Inc., Visteon Corporation, The Reader's Digest Association and ION Media Networks, Inc. In March 2010, Mr. Sprayregen was selected by The National Law Journal as one of "The Decade's Most Influential Lawyers." In 2013, he was named "Global Insolvency & Restructuring Lawyer of the Year" by Who's Who Legal Awards and was inducted into the TMA's Turnaround, Restructuring and Distressed Investing Industry Hall of Fame?. From 2013-2015, Sprayregen served as the President of INSOL International, the leading insolvency association in the world. Sprayregen is a frequent lecturer, speaker, and writer on insolvency, cross-border and distressed M&A issues. He has served as an Adjunct Professor at the University of Chicago Booth School of Business, New York University School of Law, and a Lecturer-in-Law at the University of Pennsylvania Law School.

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    Archer & Greiner Acquisition Announced

    Archer & Greiner, P.C. announced that it has enhanced its Bankruptcy, Restructuring and Insolvency Litigation Group by adding the New York based, well-respected boutique law firm of DiConza Traurig Kadish LLP to its bench. DiConza Traurig Kadish LLP, with offices in mid-town Manhattan, specializes in corporate restructuring and bankruptcy litigation, business law, general commercial litigation and asset sales and purchases in bankruptcy. Gerard DiConza will continue as Managing Partner of the New York office. DiConza is joined by Partners Jeffrey M. Traurig and Allen G. Kadish, Of Counsel Richard K. Milin, Associates Lance A. Schildkraut and Harrison H.D. Breakstone and Law Clerk Bryant P. Churbuck. The team will continue to be based in its New York office, located at 630 Third Avenue.

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    Latham & Watkins Partner Added

    Latham & Watkins LLP announced that Jeffrey E. Bjork will join the firm's Los Angeles office as a Partner in the Restructuring, Insolvency & Workouts Practice within the Finance Department. In his practice, Bjork represents debtors and creditors in all aspects of restructurings across industries, and he has notable experience in major municipal restructurings. Bjork joins Latham & Watkins from Sidley Austin in Los Angeles where he was a Partner. He has received accolades as a leading practitioner from an array of publications covering the profession, including Chambers USA, The Legal 500, IFLR1000, The Best Lawyers in America and Turnaround & Workouts. He earned his BA from Pepperdine University in 1995 and his JD from Emory University in 1998. After law school, he clerked for the Hon. James Massey in the U.S. Bankruptcy Court for the Northern District of Georgia, prior to embarking on a career in private practice.

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    Ballard Spahr Associate Recognized

    Ethan J. Birnberg, a litigator who focuses on bankruptcy and restructuring cases, has received the Donald E. Cordova Distinguished Service Award in recognition of his commitment to providing pro bono legal services to indigent debtors. Birnberg, who is based in Ballard Spahr's Denver, CO office, received the Cordova Award on January 26 during the American Bankruptcy Institute (ABI) Annual Rocky Mountain Bankruptcy Conference. Named in memory of the Honorable Donald E. Cordova, former Chief Bankruptcy Judge of the District of Colorado, the award honors an attorney with the passion and dedication to pro bono service for which Judge Cordova was well known. The Honorable Michael E. Romero, the current Chief Bankruptcy Judge of the District of Colorado, presented the award to Birnberg during a ceremony at the ABI conference. Birnberg joined Ballard Spahr's Denver office last month through the firm's merger with Lindquist & Vennum, a Minneapolis, MN-based firm with a Denver location. Ballard Spahr's expansion in Denver further deepens the firm's capabilities to serve clients in the region, including in bankruptcy and reorganization matters. As an Associate of Ballard Spahr's Bankruptcy, Reorganization and Capital Recovery Group, Birnberg represents debtors, trustees, creditors and receivers. His work spans industries - including energy, hospitality and technology - and a variety of matters, from corporate restructuring, workouts and asset sales to advising on fiduciary duties and handling adversarial proceedings.

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