Author: Pamela Stern
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Brett Theisen and team from FBT Gibbons join Connell Foley LLP to launch new Corporate Restructuring & Bankruptcy Practice, including Delaware office
By: Brett Theisen Connell Foley LLP, a full-service law firm of more than 140 lawyers across multiple offices throughout the Mid-Atlantic region, today announced the launch of its new Corporate Restructuring & Bankruptcy practice with the addition of Partners Robert K. Malone and Brett S. Theisen as co-chairs, along with Partners Katharina Earle, Dale E.…
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Out of Sight, Out of Margin
By: Matthew Manning, Kenneth Ehrler, Kelly Alonzo (M3 Partners) Restaurant operators have absorbed years of disruption—labor shortages, inflation, supply‑chain volatility, and shifting consumer behavior. While many shocks have normalized, a more structural issue has emerged: widening performance dispersion driven not by brand or scale, but by visibility into true unit‑level economics. Recent benchmarks show a…
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Governance Void, Enter Restructuring Professionals to Set Risk Management Protocols
Are these protocols capable of enduring another wave of volatility? By: Joel Cohen, Stout Managing Director / New York Regional Leader As we get further and further away from the wave of digital asset company insolvencies, we still see their influence. They were notable for both its scale and for what it revealed about how an…
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The Asset That Rarely Makes the Restructuring Checklist
By: Justin Blau In turnaround and restructuring engagements, time is scarce, liquidity is constrained, and decisions are often made with imperfect information. Professionals move quickly to assess operating performance, working capital, real estate, and saleable assets. Yet one category of value is frequently absent from these conversations—not because it lacks relevance, but because it sits…
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You Can’t Sit on a “Void” Judgment Forever: Supreme Court Tightens the Clock in Coney Island Auto Parts v. Burton
by Joseph E. Sarachek, Strategic Liquidity Fund For years, distressed investors, trustees, and turnaround professionals have lived with an uneasy question: If a judgment is truly “void,” can it be challenged at any time? On January 20, 2026, the Supreme Court delivered a clear and definitive answer: no. In Coney Island Auto Parts Unlimited, Inc.…
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The Debate Around Third Party Releases Primed to Heat Up Again
By: Dean Oswald While much of the bankruptcy world has been preoccupied with “creditor on creditor violence” resulting from liability management exercises over the past two years, recent rulings from the Southern District of New York have brought the debate around non-consensual third-party releases back to the forefront. See, e.g., In re Gol Linhas Aéreas…
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Andrew Glantz elevated to Chief Business Officer and Senior Counsel
Andrew Glantz has been elevated to Chief Business Officer and Senior Counsel of Xclaim, reflecting his continued leadership and expanded oversight of firm activities. Xclaim continues to deliver on its promise of helping creditors maximize the value of their claims and reduce risk through its leading claims marketplace and brokerage service. Xclaim has traded $1…
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Mike Balistreri Hired to Lead Special Situations Investment Banking Group at CriticalPoint
Mike Balistreri has joined CriticalPoint’s Investment Banking team as a Managing Director, where he will be focused on restructuring and special situations assignments. Mr. Balistreri will be based in New York. Mr. Balistreri specializes in providing investment banking and capital structure advisory services to companies, creditors and equity holders across various industries in storied, complex and distressed…
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Sponsor Spotlight: White and Williams
Q&A Who is White and Williams? White and Williams LLP is a global-reaching, full-service law firm committed to developing and maintaining long-lasting partnerships with our clients. We believe premier-quality legal service is only part of the client relationship. Our lawyers rely on collaboration with one another and each of our clients to understand their unique…
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NextGen Spotlight: Andrew Alfano
Andrew Alfano is a counsel in the Insolvency and Restructuring group at Pillsbury and a member of TMA’s NextGen Committee (New York chapter). In law school, Andrew enrolled in a bankruptcy law course his second year with the late Professor Alan N. Resnick. While Andrew heard that Professor Resnick was an engaging and enthusiastic professor,…