The derivatives practice of Stroock & Stroock & Lavan has expertise in the physical commodities market, and competitors note that it "does a fair amount of fund work".In late 2010, partner Lois Weinroth retired from the firm's structured finance and securitisation group....
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The derivatives practice of Stroock & Stroock & Lavan has expertise in the physical commodities market, and competitors note that it "does a fair amount of fund work".
In late 2010, partner Lois Weinroth retired from the firm's structured finance and securitisation group.
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Stroock & Strook & Lavan is best-known for its representation of creditors in complex restructuring and distressed M&A deals. The firm recently represented holders of a majority of $1....
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Stroock & Strook & Lavan is best-known for its representation of creditors in complex restructuring and distressed M&A deals. The firm recently represented holders of a majority of $1.25 billion of second lien notes in Trump Entertainment Resorts in Atlantic City, New Jersey, in litigation and negotiation. The firm successfully terminated the company's exclusivity, which is unusual in Chapter 11 matters, and prepared and prosecuted a competing plan of reorganisation. The plan was confirmed in May 2010 and the company emerged from bankruptcy in July 2010. Stroock continues to represent the reorganised company.
In another notable case involving pre-petition debt of $403.1 million, the firm acted as counsel to holders of a majority of senior secured notes of foundry company Neenah Foundry. The matter involved the acquisition of the company through a debt to equity exchange and new money investments through a pre-packaged Chapter 11 filing. The court confirmed the plan of reorganisation in July 2010 and the company emerged from bankruptcy later that month. Stroock continues to represent the company.
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