Thacher Proffitt launches distressed asset practice group

By Caroline Salls

Pittsburgh, March 11 - Thacher Proffitt & Wood LLP has established an interdisciplinary distressed asset group to advise clients on opportunities emerging from the recent turmoil in the capital markets, according to a news release.

The new group brings together distressed asset attorneys from the firm's structured finance, bankruptcy, litigation and tax practice groups.

Thacher Proffitt said the group, which is co-chaired by bankruptcy partner Hugh McDonald and structured finance partner Christopher Lewis, focuses on all aspects of distressed assets, including structuring and negotiating rescue and exit financing; foreclosures, asset dispositions and other creditor remedies/debtor defenses; and formation of hedge funds, private equity vehicles and other investment structures for the acquisition of distressed assets.

The group will also focus on acquisition and disposition of distressed debt and other claims, including corporate debt and structured finance securities, trade claims, lease products, equipment certificates and litigation claims, as well as negotiating, documenting and advising on distressed loan and claims trading.

Other members of the distressed asset group include Diana G. Browne, James Cotins, Aimee M. Cummo, John P. Doherty, Jonathan D. Forstot, Salvatore O. Franco, Gene A. Haldeman, David S. Hall, Erik D. Klingenberg, Andrea N. Mandell, Cynthia D. Mann, Robert E. McCarthy, Douglas J. McClintock, Peter S. Morgan, Jeffrey J. Murphy, Stephen F.J. Ornstein, James R. Shorter Jr., Richard D. Simonds Jr. and E. Lee Smith.

Thacher Proffitt is a law firm with offices in New York, Washington, D.C., White Plains, N.Y., and Summit, N.J.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.