CHICAGO, Feb. 21, 2012 /PRNewswire-USNewswire/ -- Courtroom flaps about distressed debt traders commandeering Chapter 11 proceedings and conflicting decisions over what constitutes a "committee'' put Rule 2019 in the spotlight. The newly amended disclosure rule now brings sharper focus to the financial motives of debt traders, equity traders and other creditor groups involved in business restructurings.
The Turnaround Management Association presents different perspectives on the rule in a webinar, "Rule 2019: the Good, the Bad and the Contentious," from noon to 1 p.m. Eastern on Thursday, March 15. Speakers include:
Steven R. Korf, partner, Grant Thornton LLP, Corporate Advisory & Restructuring Services, New York, N.Y. Korf provides financial advisory, interim management and corporate restructuring services to clients in in-court and out-of-court proceedings. Earlier, he was a managing director at Huron Consulting Group and spent 20 years in private industry in C-level positions.
Elliot Ganz, executive vice president and general counsel, Loan Syndications and Trading Association (LSTA), New York, N.Y. Ganz manages legal and regulatory affairs, as well as extensive amicus litigation, for the trade association. Previously, Ganz supervised the commercial and real estate Loan Syndications and Trading units at Citibank, N.A. He was chief draftsman of the LSTA statement outlining principles for the use, communication and distribution of confidential loan market information.
Sara Coelho, associate, Weil, Gotshal & Manges LLP, New York, N.Y. Coelho's practice focuses on restructuring and debtor-creditor rights in in-court and out-of-court proceedings. Her Chapter 11 clients have included LandSource, Aleris, Extended Stay Hotels, Lehman Brothers and AMR Corporation. A regular contributor to the firm's blog, she also does pro bono work in the areas of asylum, housing, and bankruptcy.
Isaac M. Pachulski, senior shareholder, Stutman, Treister & Glatt, P.C., Los Angeles, Calif. Specializing in bankruptcy law and business and corporate reorganizations, Pachulski has represented debtors in various industries in out-of-court and Chapter 11 restructurings, including Itel, Pizza Time Theater, Public Service Company of New Hampshire and Wilson Foods. He also has represented major creditor groups and acquirers in large Chapter 11 cases, including Enron and Owens Corning. He serves as National Bankruptcy Conference Chapter 11 Committee Chairman.
Chicago-based Turnaround Management Association, turnaround.org, the global nonprofit association dedicated to the corporate restructuring industry, has more than 9,000 members in 49 regional chapters.
SOURCE Turnaround Management Association