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Katten Pulls in Leading Restructuring Attorney Steven Reisman to Head its New York Insolvency and Restructuring Group

Team of Accomplished Attorneys to Join Well-Regarded Practice Leader
Firm News | March 26, 2018

(NEW YORK) Katten Muchin Rosenman LLP announced today that Steven J. Reisman, widely recognized for his handling of domestic and international insolvency and restructuring matters, has joined the firm as a partner and head of its New York Insolvency and Restructuring practice. Joining Reisman as partners in the group are Theresa A. Foudy, Shaya Rochester and Cindi M. Giglio. Evan S. Borenstein, also a member of the incoming team, will join as a partner in Katten's New York Corporate practice group.

"Steven is an exceptionally talented attorney who brings to our Insolvency and Restructuring practice a wealth of skills and experience in both in-court and out-of-court restructuring matters.  Steven is a seasoned restructuring professional who has represented large Chapter 11 debtors, independent directors, lenders, and funds for almost three decades," said Katten Chairman Roger P. Furey. "This team will greatly enhance the Katten Insolvency and Restructuring practice and broaden our already extensive range of industry-leading client services generally."

Reisman has more than 28 years of experience practicing insolvency and restructuring law. Widely recognized as a "go-to" restructuring professional by clients, he is consistently lauded as one of New York's leading restructuring and insolvency professionals by both Chambers USA and Legal 500 USA.  He was named Restructuring Lawyer of the Year in 2015 by Global M&A Network at the Turnaround Atlas Awards. He has been named repeatedly as a Top 100 Restructuring & Turnaround Professional (Global M&A Network), as an Outstanding Restructuring Lawyer (Turnarounds & Workouts) and recognized by his peers within the legal profession as a top restructuring lawyer in New York (Super Lawyers).

Reisman counsels public companies, private clients and governmental agencies in a wide range of domestic and international matters involving insolvency, restructuring and creditors' rights. He is highly experienced in all aspects of in-court and out-of-court restructurings and is a welcomed addition to the strong Katten restructuring practice.  He regularly represents debtors, independent directors, secured lenders, DIP lenders, indenture trustees, liquidators, unsecured creditors, creditors' committees, shareholders, distressed investors, parties to significant avoidance litigation, as well as purchasers of assets in Chapter 11.

Theresa Foudy focuses her practice on high-stakes bankruptcy litigation matters, representing Chapter 11 debtors, creditors' committees, indenture trustees, secured and unsecured creditors, shareholders, and distressed investors in all stages of litigation, up to and including trial and appeal. She has particular experience with the nuances of Chapter 11 cases, including preferences, fraudulent conveyances, equitable subordination and disallowance, subordination under section 510(b) of the Bankruptcy Code, disallowance under section 502(d) of the Bankruptcy Code, intercreditor agreement contractual disputes, substantive consolidation, valuation disputes, perfection and validity of security interests, derivative standing disputes, and plan confirmation objections. Previously an appellate attorney in the Manhattan District Attorney's Office, Foudy also advises clients in responding to Bankruptcy Rule 2004 examinations.

Shaya Rochester has extensive experience in a broad range of corporate restructurings, including pre-packaged and traditional bankruptcies, out-of-court workouts, DIP and exit financings, bankruptcy litigation and section 363 sales. He focuses his practice on distressed lending and regularly represents DIP lenders, prepetition secured lenders and ad hoc secured lender groups.  He also regularly represents distressed investors, purchasers of assets in Chapter 11 sales, ad hoc bondholder groups as well as corporate debtors, independent directors, and litigation trustees.

Cindi Giglio is recognized for her experience in litigation and transactional bankruptcy matters, working on a diverse range of in-court and out-of-court restructurings. Her clients include debtors, official committees of unsecured creditors, equity owners, purchasers of distressed assets and other key constituents in restructuring and insolvency matters. She is also highly skilled in Chapter 11 corporate restructurings, with a particular focus on derivative transactions and safe harbor litigation, and has represented a variety of parties in all aspects of Chapter 11 cases.

Evan Borenstein, who works closely with the Restructuring and Insolvency Group on corporate and transactional matters, offers outstanding counsel to both public companies and private clients on a variety of corporate and finance transactions.  These include mergers and acquisitions, secured and structured financings, corporate reorganizations and restructurings (including out-of-court restructurings and Chapter 11 bankruptcy proceedings), asset securitizations, joint ventures and private equity and venture capital transactions. He also advises companies and investors on general corporate matters.

All five incoming partners previously were at Curtis, Mallet-Prevost, Colt & Mosle LLP.

"Katten is a leader in the restructuring space. I could not be more pleased or proud to become part of this fine firm and the talented professionals and deep bench that it offers," Reisman said.

"We look forward to adding value and synergy that will benefit our clients in the US and around the world," he added. "This is a great opportunity to work with Katten to expand its restructuring practice and enhance the firm and its clients."

John Sieger, national head of Katten's Insolvency and Restructuring practice, said, "Steve and his team have an outstanding reputation for offering practical, innovative solutions to the complex business and legal issues that arise in the restructuring process. We're glad to have them."

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