Bankruptcy News

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.

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.

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.

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.

Premier Exhibitions Mediator Sought

Premier Exhibitions and its official committees of equity security holders and unsecured creditors filed with the U.S. Bankruptcy Court a joint motion for appointment of mediator and to schedule mediation. The motion explains, "The Parties believe it is in the best interest of the estate to mediate any and all matters arising out of or related to the Plan or any other restructuring or liquidating plan, any restructuring and liquidation options and alternatives, the sale of the Debtors' assets, and any related issues that the Parties agree to mediate. The Parties believe that mediation will help avoid a prolonged confirmation fight among them. The goal of mediation would be to reach consensus among the Parties on the best path forward to exiting the Bankruptcy Case as expeditiously as possible, while also maximizing recoveries for stakeholders. The Parties seek authority to include other interested parties and potential stakeholders in this mediation, as they deem appropriate, and upon their full and complete agreement, to facilitate resolution of as many issues as possible at the mediation. Counsel for the Debtors is in touch with these parties and will coordinate their involvement. The Parties recommend C. Edward Dobbs to serve as mediator. Mr. Dobbs is an experienced bankruptcy attorney, capable mediator, and is available and willing to serve as mediator, if authorized and directed by this Court."

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