Bankruptcy/Restructuring
USA Guide 2024 : New Jersey
Band 3
About
Provided by Faegre Drinker Biddle & Reath, LLP
Faegre Drinker finance and restructuring attorneys work to find creative and cost-effective solutions with strategic legal counsel on the full range of financial matters, including complex financial transactions, corporate debt restructurings and related litigation matters. We help lenders and borrowers negotiate and structure credit arrangements, and we document and facilitate the successful launch of cash flow and secured credit facilities, including those secured by unusual assets. Clients also turn to us when they are experiencing financial troubles or their borrowers, customers or counterparties go into financial distress. We provide an integrated approach to bankruptcy proceedings, commercial workouts, refinancings and other out-of-court debt restructurings. We also represent investors and indenture trustees in restructuring bond indebtedness both in and out of Chapter 11 proceedings, and provide counsel to investors, servicers and other transaction parties in connection with defaulted securitization and corporate trust transactions.
Chambers Review
Faegre Drinker has strong capability in bankruptcy litigation, and restructuring both in and out of court, accepting instructions from unsecured creditors' committees and other participants. It is adept in the media, corporate and healthcare markets.
Work Highlights
- Faegre Drinker represented Citizens Bank in the Chapter 11 bankruptcy of Diamond Sports Group.
Strengths
Provided by Chambers
"Faegre Drinker is able to handle all the necessary complexities, and can be creative in its approach. It is the best when it comes to service, is super responsive and always goes the extra mile."
"The team here excellently divide responsibilities to efficiently manage a Chapter 11. Faegre Drinker is quick and efficient when drafting pleadings with the court and is able to address international legal issues."
"Faegre Drinker is able to handle all the necessary complexities, and can be creative in its approach. It is the best when it comes to service, is super responsive and always goes the extra mile."
"The team here excellently divide responsibilities to efficiently manage a Chapter 11. Faegre Drinker is quick and efficient when drafting pleadings with the court and is able to address international legal issues."
Notable Practitioners
Frank Velocci continues to impress within the New Jersey bankruptcy and restructuring Bar. He is active within the retail arena, assisting debtors and creditors in debt restructuring and related litigation.
"Frank is an invaluable partner on difficult matters."
Michael Pompeo is head of the department at Faegre Drinker. He counsels unsecured creditors' committees on Chapter 11 proceedings and advises clients on related restructuring matters in industries including pharmaceutical, and energy.
"Michael is an excellent attorney, who is collaborative and responsive. He has good business judgment and so he knows when to be aggressive and when to cut a deal."
"Mr Pompeo has the ability to quickly get to the heart of legal and financial issues, and his extensive knowledge of the bankruptcy code makes him a problem solver, a strong negotiator and incredibly easy to work with."