LOS ANGELES, April 22, 2014 /PRNewswire/ -- Three prominent bankruptcy and restructuring attorneys, nationally known for their work advising bondholders and distressed debt purchasers and for restructuring billions of dollars of debt, are joining Pachulski Stang Ziehl & Jones.
Isaac Pachulski, one of the nation's leading bankruptcy attorneys and a member of the National Bankruptcy Conference, will join the firm together with fellow American College of Bankruptcy member and Regent, Jeffrey Davidson. They each have decades of experience advising hedge funds and other bondholders on distressed investment strategies and related legal issues, and are well known as advisors to debtholders in some of the largest and most complex bankruptcy cases in the country, including Lehman Brothers, Enron, CIT Group, Delphi, Owens Corning, Calpine, Residential Capital and Tribune Corp., among other notable engagements. "Isaac and Jeff have been extraordinary thought partners to us on some of our most complex investments," said Mike DeMichele (Partner, The Baupost Group).
Also joining the firm is Gabriel Glazer who, in addition to his debtholder work with Pachulski and Davidson, served as counsel to Rising Sun Enterprises and the creditors' committee for Ownit Mortgage Solutions. He also serves as Chair of the State Bar of California's Commercial Transactions Committee (formerly the Uniform Commercial Code Committee). All three will join PSZJ as partners on May 1, 2014 and will conduct their national practice from the firm's Los Angeles office.
PSZJ's debtholder and ad hoc bondholder committee practice includes its current representation of a debtholder in Boston Generating, and recently concluded representation of the ad hoc bondholder committees in the Washington Mutual and Adelphia Communications cases.
"Our practices are complementary, and the firm and its clients will benefit tremendously," said Richard Pachulski. "It's rare that a law firm has an opportunity to add such high caliber lawyers, who bring such depth of experience to an important part of our practice. We are gratified and delighted that Isaac, Jeff and Gabe chose to move their practices to our firm." "From a personal perspective, I am also excited by the opportunity to practice with my brother," he added.
"We are pleased and excited to be joining PSZJ," says Davidson. "The lawyers are top-notch and the firm's reputation in the bankruptcy and restructuring community is second to none. Also, the firm's national presence and well-respected litigation capabilities and depth will be a tremendous asset to our clients."
Pachulski Stang Ziehl & Jones, the nation's leading corporate restructuring boutique, recently served as debtor's counsel to American Suzuki Motor Corporation and Solyndra in their chapter 11 cases and is currently engaged in the bankruptcies of Circuit City and Fisker Automotive.
SOURCE Pachulski Stang Ziehl & Jones