Stroock Adds New York Restructuring and Bankruptcy Group
NEW YORK, July 18, 2022 /PRNewswire/ — Stroock is expanding its Restructuring and Bankruptcy practice with a team from Luskin, Stern & Eisler, a boutique Chambers-listed firm specializing in restructuring and bankruptcy. The attorneys will be based at Stroock’s New York Desk.
The team includes partners Richard Stern, Matthew O’Donnell, Alex Talesnickand Stephan Hornungsenior counsel Michael Luskinand partner Genna Grossman. Richard Stern will join Stroock’s partner Jeffrey Lowenthal as Co-Chair of Stroock’s Restructuring and Bankruptcy Group.
“A key focus has been the acquisition of additional restructuring and bankruptcy firepower that represents banks and financial institutions, positioning us to serve a strategically important sector ahead of the widely anticipated acceleration of the restructuring cycle. “, said Alan M. Klinger, Stroock Co-Managing Partner. “Importantly, each of these lawyers is fundamentally sound and has the personality to foster relationships within the firm, support business development efforts, and attract and retain the best partners and associates. This is a great match. , and we’re extremely excited to welcome the band. Stroock.”
The team is recognized for providing quality representation to financial institutions in connection with restructurings, bankruptcies, creditor rights litigation and financing transactions in United Statesas well as in cross-border cases covering Latin America, Canadaand Europe. The firm represents more than 20 leading financial institutions as well as Fortune 500 companies, Chapter 11 trustees and court-appointed examiners.
Stroock’s current restructuring and bankruptcy practice has extensive experience representing sophisticated financial institutions as well as creditors, shareholders and new money investors and lenders in complex bankruptcy cases. The team is also one of the few groups to advise on the interplay between insolvency and commodities and derivatives. Encompassing tax, debt finance and litigation practitioners, the team designs creative solutions to move distressed businesses into turnaround and deploys targeted, high-impact litigation strategies, often involving ground-breaking areas of the right, to help customers in multi-dimensional negotiations.
“Stroock’s long history and reputation for restructuring excellence is well known to our team,” said Richard Stern. “Stroock understands the nature of the practice of restructuring and knows how to cultivate it. And the firm’s strong and cohesive culture will support the continued success we have experienced as a boutique. Opportunities abound to collaborate with current practice partners as well with partners across the firm to provide our clients with the full range of legal services as well as lend our expertise to Stroock’s institutional relations.”
Richard Stern has been practicing bankruptcy law for over 35 years. He regularly represents financial institutions in out-of-court restructurings, restructurings, bankruptcy proceedings and lending transactions, with a focus on complex financial restructurings and has been appointed trustee in several bankruptcy matters. He has recently focused on assisting lenders facing unique restructuring and insolvency issues in the energy, travel, healthcare, retail and hedge fund industries.
Michael Luskin focuses on bankruptcy and other litigation, enforcing a creditor’s rights under the Bankruptcy Code or defending a creditor against “lender’s liability”, fraudulent conveyance or privileged claims brought by a creditors’ committee or a trustee in bankruptcy. He also has considerable experience in representing creditors in loan restructurings and out-of-court settlements and in representing trustees and examiners in matters involving complex contentious issues.
Matthew O’Donnell represents financial institutions in all types of loan restructurings, out-of-court restructurings, bankruptcy proceedings and lending transactions, including domestic and cross-border commodity finance transactions, asset-based lending , leveraged finance transactions, aircraft and other equipment finance.
Alex Talesnick represents financial institutions in out-of-court restructurings, restructurings and bankruptcy proceedings, as well as in asset-based and leveraged financing transactions. Alex regularly advises agents, lenders and coverage providers on complex financial restructurings and has considerable experience in all aspects of bankruptcy proceedings.
Stephan E. Hornung represents financial institutions and other creditors in commercial disputes in state and federal courts, including bankruptcy courts, across the country.
Genna Grossman represents financial institutions in many types of financial transactions, including asset-based lending, real estate financing, leveraged transactions, loan restructurings, restructurings and bankruptcy proceedings.
Stroock provides strategic transactional, regulatory and litigation advice to advance the business objectives of leading financial institutions, multinational corporations and entrepreneurial businesses in the United States and around the world. With a rich history dating back more than 145 years, the company has offices in New York, Los Angeles, Miamiand washington d.c. To learn more, visit www.stroock.com.
SOURCE Stroock & Stroock & Lavan LLP