{"id":110559,"date":"2021-04-03T05:22:00","date_gmt":"2021-04-03T05:22:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2858126"},"modified":"2021-04-03T05:22:00","modified_gmt":"2021-04-03T05:22:00","slug":"mclaughlin-stern-llp-expands-bankruptcy-restructuring-group","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/04\/03\/mclaughlin-stern-llp-expands-bankruptcy-restructuring-group\/","title":{"rendered":"McLAUGHLIN & STERN, LLP EXPANDS BANKRUPTCY & RESTRUCTURING GROUP"},"content":{"rendered":"

\"\"<\/p>\n

New York, New York (April 2, 2021) \u2013 McLaughlin & Stern, LLP<\/strong>, announced today that Ira Reid<\/strong> has joined the firm as Special Counsel to the Bankruptcy & Restructuring Group.\u00a0 Ira was formerly a partner at Baker & McKenzie and prior to that, practiced at LeBouef, Lamb, Greene & MacRae..\u00a0 With thirty-three years of experience as a commercial restructuring lawyer, Ira Reid brings to McLaughlin & Stern a wealth of experience in proceedings under chapters 7, 11 and 15 of the Bankruptcy Code.\u00a0 Ira has represented debtors, secured and unsecured creditors, committees, foreign representatives, asset acquirers, \u00a0bankruptcy trustees and other parties in interest during his distinguished career.\u00a0 Mr. Reid is particularly skilled in the bankruptcy implications and resolution of complex structured finance transactions, repurchase agreements, and credit derivatives, including swap transactions.\u00a0 We have also elevated Partner, Steven S. Newburgh<\/strong>, to the position of Chair of our Bankruptcy & Restructuring Group.\u00a0 The practice group\u2019s former Chair, \u00a0Paul H. Silverman,<\/strong> has become Special Counsel to the Firm but will continue to be an active member of the Firm\u2019s Bankruptcy & Restructuring Group.\u00a0 Mr. Silverman\u2019s decades of experience in commercial restructuring and his representation of both foreign and domestic creditors and debtors, has established a high bar for our Bankruptcy & Restructuring Group.<\/p>\n

\"\"<\/p>\n

Steven Newburgh, Chair\u00a0of McLaughlin & Stern\u2019s Bankruptcy & Restructuring Group<\/strong><\/p>\n

The Bankruptcy & Restructuring Group consists of Brian J. Grieco, Andrew Luskin, Chester R. Ostrowski, \u00a0Ira Reid, Marc Rosenberg, Steven S. Newburgh, Paul H. Silverman, <\/strong>and Neil B. Solomon<\/strong>.\u00a0 Currently, Mr. Newburgh is representing creditors in several high-profile chapter 11 cases in the Districts of Delaware and New York where the stakes are high for our clients:\u00a0 Hertz, , Republic Metals, Mattress Firm, Knotel, KG Windown and Renovate America.\u00a0 In the Renovate America chapter 11, Mr. Newburgh is representing 75,000 class members from proceedings pending in Riverside California. \u00a0Mr. Newburgh recently closed out the Great Eastern Energy chapter 11 in Delaware as debtor\u2019s counsel and is continuing work for the exited debtor by obtaining the return of standby letters of credit issued in favor of state regulatory\/revenue agencies which were funded by the debtor\u2019s secured lender.\u00a0 Great Eastern Energy was a major wholesale energy supplier for the Northeastern U.S. that averaged annual sales of $400,000,000.\u00a0 Mr. Newburgh pioneered the sale of Renewable Energy Credits and their corresponding Forward Contracts in a chapter 11 proceeding and was able to collect almost $9,000,000 in the Great Eastern Energy case by bifurcating the chapter 11 sale process so that the ongoing business concern could be auctioned separately from the Renewable Energy Credits under Section 363 of the Bankruptcy Code.<\/p>\n

\"\"<\/p>\n

Ira Reid, Special Counsel to the Bankruptcy & Restructuring Group<\/strong><\/p>\n

Established in 1898, McLaughlin & Stern, LLP is one of the oldest law firms in New York. Through its offices in New York City, Garden City, NY, Millbrook, NY, Naples, FL and West Palm Beach, FL, the firm provides a diverse range of legal services with expertise in sophisticated commercial transactions, corporate restructuring, securities law and arbitration, real estate law and trusts and estates.<\/p>\n

Speaking from the Firm\u2019s New York headquarters, the Firm\u2019s Managing Partner, Geoffry R. Handler, said: “Working together with Steven S. Newburgh on many matters over the years, we have admired his considerable skill and expertise as a bankruptcy lawyer and with the addition of Ira Reid to the Firm\u2019s Bankruptcy & Restructuring Group, we have added substantially to the Group\u2019s highly skilled and dedicated partners and look forward to Steven\u2019s leadership role.\u201d<\/p>\n

Tags: bankruptcy lawyer<\/a>, creditor representation<\/a>, corporate debtor representation<\/a>, Bankruptcy law<\/a>, Energy<\/a>, Energy industry<\/a>, Chapter 11<\/a> <\/p>\n

See Campaign: <\/strong>http:\/\/mclaughlinstern.com<\/a>
Contact Information:<\/b>
Stephen Grisanti Director of Marketing 212-803-1312 sgrisanti@mclaughlinstern.com www.mclaughlinstern.com 260 Madison Avenue New York, New York 10016<\/p>\n

Tags:<\/b>
<\/a>, Google News<\/a>, Financial Content<\/a>, IPS<\/a>, Reportedtimes<\/a>, Extended Distribution<\/a>, iCN Internal Distribution<\/a>, Legal Newswire<\/a>, Legal Tech<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Stephen Grisanti
Director of Marketing
212-803-1312
sgrisanti@mclaughlinstern.com
www.mclaughlinstern.com
260 Madison Avenue
New York, New York 10016<\/p>\n<\/p>\n<\/div>\n

The post McLAUGHLIN & STERN, LLP EXPANDS BANKRUPTCY & RESTRUCTURING GROUP<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

New York, New York (April 2, 2021) – McLaughlin & Stern, LLP, announced today that Ira Reid has joined the firm as Special Counsel to the Bankruptcy & Restructuring Group.  Ira was formerly a partner at Baker & McKenzie and prior to that, practiced at LeBouef, Lamb, Greene & MacRae..  With thirty-three years of experience […]<\/p>\n

The post McLAUGHLIN & STERN, LLP EXPANDS BANKRUPTCY & RESTRUCTURING GROUP<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n

Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-110559","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nMcLAUGHLIN & STERN, LLP EXPANDS BANKRUPTCY & RESTRUCTURING GROUP - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2021\/04\/03\/mclaughlin-stern-llp-expands-bankruptcy-restructuring-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McLAUGHLIN & STERN, LLP EXPANDS BANKRUPTCY & RESTRUCTURING GROUP - Business\" \/>\n<meta property=\"og:description\" content=\"New York, New York (April 2, 2021) – McLaughlin & Stern, LLP, announced today that Ira Reid has joined the firm as Special Counsel to the Bankruptcy & Restructuring Group.  Ira was formerly a partner at Baker & McKenzie and prior to that, practiced at LeBouef, Lamb, Greene & MacRae..  With thirty-three years of experience […] The post McLAUGHLIN & STERN, LLP EXPANDS BANKRUPTCY & RESTRUCTURING GROUP appeared first on Financial Market Brief. 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