Polsinelli Shughart’s Bankruptcy & Financial Restructuring Practice was recently part of the restructuring team that was awarded the prestigious “Restructuring Deal of the Year (over $100mm to $500mm)” at the 2013 M&A Advisors Turnaround Awards. The award was for Polsinelli’s work as Delaware counsel and conflicts counsel on the restructuring and sale of Coach America from 2011 to the present. The matter was led by Christopher A. Ward with the assistance of Justin Edelson and others in Polsinelli’s Delaware office.
“We are very appreciative to be recognized for our work on Coach America,” said Chris Ward, Vice-Chair of the Bankruptcy and Financial Restructuring Practice. “It was, and remains, an exciting and complex case that we believe has worked out well for all parties involved.”
The other members of Coach America’s restructuring team included: Lowenstein Sandler LLP (lead counsel to debtors); Alvarez & Marsal North America LLC (financial advisor to debtors); Rothschild Inc. (investment banker to debtors); BMC Group (administrative agent to debtors); Davis Polk & Wardwell LLP (counsel to lenders); Pachulski Stang Ziehl & Jones LLP (counsel to committee); and FTI Consulting (financial advisor to the committee).
Polsinelli Shughart attorneys have represented clients nationally and regionally in a broad spectrum of industries. Polsinelli has also played a significant role in the largest bankruptcies in Delaware, New York, NY, Kansas City, Missouri, Chicago, IL, and Phoenix, AZ. Polsinelli’s Delaware office focuses on serving as Delaware lead and local counsel, conflicts counsel, and special litigation counsel, including contingency fee and avoidance action litigation.
“Our Bankruptcy and Financial Restructuring Practice, since its inception nearly twenty years ago, has been a source of pride for us,” said James Bird, one of the co-founders of the practice and current Chair. “We couldn’t be more excited about the work Chris Ward and others continue to do for a wide variety of long term and new clients, especially in sophisticated markets like Delaware.”
The M&A Advisor Turnaround Awards Gala honors the leading deal-teams, firms and dealmakers whose activities set the standard for turnaround, reorganization and restructuring transactions. This year, 120 nominees, representing over 300 companies, were finalists for the awards.
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* Inc Magazine, September 2012
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