By Jay R. Indyke, Partner; Michael Klein, Special Counsel & Evan M. Lazerowitz, Associate, Cooley LLP
There has been an explosion of bankruptcy filings that were arguably precipitated by leveraged buyouts and private-equity-backed transactions. Two recent examples are Toys R Us and Sears, both of which were saddled with billions of dollars in debt as a result of leveraged buyouts by private...
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Evan M. Lazerowitz is an associate in the business restructuring and reorganization practice group of Cooley LLP in New York. His practice includes the representation of debtors and creditors’ committees in Chapter 11 reorganizations and liquidations. Before joining Cooley, Lazerowitz had been an associate at a boutique bankruptcy firm and a commercial litigation associate at Day Pitney. He also served as a law clerk to the Hon. Mitchel E. Ostrer of the Superior Court of New Jersey, Appellate Division.
Michael Klein is special counsel in the business restructuring and reorganization practice group of Cooley LLP in New York. His practice focuses on litigation and transactional aspects of Chapter 11 bankruptcy reorganizations and liquidations. He frequently represents debtors and creditors’ committees in Chapter 11 cases, as well as Chapter 7 and 11 trustees, purchasers of assets, landlords, and secured creditors. Klein advises clients regarding a variety of contested matters, including Rule 2004 investigations, postpetition financings, Section 363 sales, and plan confirmation issues.
Jay R. Indyke is a partner with Cooley LLP in New York and chair of the firm’s business restructuring and reorganization practice group. He has represented official creditors’ committees in Chapter 11 bankruptcy proceedings in more than 40 states and unofficial creditors’ committees in out-of-court workouts and composition agreements in many industries. Indyke has represented debtors and purchasers of significant assets and other clients in a wide variety of bankruptcy-related litigation and has played a significant role in the representation of equity committees.