Insurance Alert: Financial Body Releases Survey Results on Credit Risk
Cybersecurity, Privacy and Data Protection Alert: New Proposed Federal and New York State Cybersecurity and Data Privacy Initiatives
Kenneth Eckstein is co-chair of Kramer Levin’s 45-attorney Corporate Restructuring and Bankruptcy Department and has played a prominent role in many of the largest and most complex chapter 11 reorganization cases over the past 30 years. His practice includes both in and out-of-court restructurings of financially distressed businesses on behalf of debtors, creditor committees, major secured and unsecured creditors, bondholders, trustees, examiners, and third parties seeking to acquire the assets or businesses of financially troubled companies.Mr. Eckstein has represented the debtors in the bankruptcies of Genco Shipping & Trading, General Maritime Corporation, Saint Vincent Catholic Medical Centers, Bally Total Fitness, Molecular Insight Pharmaceuticals, Ascendia Brands, Malden Mills, MicroWarehouse, Berry-Hill Galleries, Elite Models, Cross Media and The Wiz, Inc. Mr. Eckstein’s representations also include the official creditor committees of Residential Capital LLC, General Motors, Chrysler, Cooper‑Standard, Magna Entertainment, Leap Wireless, Big V Supermarkets, SGL Carbon Corp., Cityscape Financial, Olympia & York, Integrated Resources, SLM International, Financial News Network, PSNH, Eastern Airlines and Texaco. His other representations include the Caesar’s Entertainment First Lien Bondholders, Dewey & LeBoeuf Lenders, Adelphia/FrontierVision Bondholders, Owens Corning Bank Group, Calpine Canada bondholders and the Dow Corning Claimants Committee. He has represented bondholders, bank groups, acquirors and other major creditors in Washington Mutual, Tribune Company, Charter Communications, Steve & Barry’s, Calpine Corporation, Northwest Airlines, PTS, Enron, Warnaco, NTL, Twin Lab, Amerco, Mediq, PacCoin, Big City Radio, Jitney Jungle, LTV, New Valley, Herman’s Sporting Goods, Tucson Electric and Farley Industries. He has led his firm’s representation of Deloitte LLP for the purchase of assets of BearingPoint’s Public Services practice, the Examiner in Bruno’s Inc. and the Independent Restructuring Advisor in Coram Healthcare. He has also represented the Trustee in Island Mortgage and in Sharp International.Mr. Eckstein regularly represents a wide range of lending and other financial institutions and distressed investors in chapter 11 cases, workouts and out of court restructurings. These institutions include JP Morgan Chase, Credit Suisse, BNP-Paribas, Morgan Stanley, Centerbridge, Anchorage Capital, Aurelius, Harbinger, Elliott Associates, Angelo Gordon, Farallon and others.Mr. Eckstein is a Fellow of the American College of Bankruptcy, an honorary association of approximately 800 leading senior insolvency professionals.