Mr Steven Reisman > Katten > New York, United States > Lawyer Profile
575 MADISON AVENUE
NEW YORK, NY 10022-2585
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Mr Steven Reisman
Steven Reisman counsels public company, private clients and governmental entities on a wide range of domestic and international matters involving bankruptcy, restructuring and creditors’ rights. Steve is highly experienced in all aspects of Chapter 11 bankruptcy cases, as well as insolvency issues stemming from business transactions and out-of-court restructurings.
Steve is well-versed in the unique needs of Chapter 11 debtors, Chapter 11 trustees, secured lenders, governmental entities, creditors’ committees, indenture trustees, liquidators, secured and unsecured creditors, creditors’ committees, shareholders, distressed investors, defendants in avoidance actions, as well as landlords and tenants in bankruptcy cases. Additionally, his cross-border insolvency experience includes proceedings with clients in diverse markets in Mexico, Argentina and Canada, among others.
Steve advises investors seeking opportunities in Chapter 11 bankruptcy cases through the purchase of bankruptcy claims, acquisition of assets or as a proponent of a plan of reorganization.
Steve draws accolades from clients, who note that he “has the ability to come up with brilliant ideas and solutions that no one else would think of” (Chambers USA 2014).
JD, St. John’s University,1990; BS, State University of New York, 1987
United States > Finance > Restructuring (including bankruptcy): corporate
Katten is experienced in representing financial institutions and lender groups in restructuring and bankruptcy-related financings, including DIP financing. The firm is also known for its work with indenture trustees relating to credit default administration and subsequent litigation, as well as for acquiring and selling assets of companies in distress. Chicago-based John Sieger leads a national practice with offices in Illinois, California and New York. The New York office was recently boosted by the arrival of a team from Curtis, Mallet-Prevost, Colt & Mosle LLP, including the ‘exceedingly sophisticated‘ Steven Reisman (now head of insolvency and restructuring in New York), Theresa Foudy, Cindi Giglio, Shaya Rochester and corporate specialist Evan Borenstein. Also notable in the ‘strong team‘ is Craig Barbarosh, who splits his time between Orange County and New York, and was lead counsel to Wilmington Trust, the indenture trustee with respect to $200m of notes issued by Canadian company Nortel Networks; the complex, cross-border matter relates to an allocation dispute involving more than $7bn of the company’s sale proceeds that was litigated in joint trial proceedings in the US Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice. In another highlight, the team is representing a joint venture comprising Gordon Brothers Retail Partners and Hilco Merchant Resources in the Chapter 11 of retailers Brookstone Holdings and Samuels Jewelers pending in the Bankruptcy Court for the District of Delaware; the team successfully resolved the various objections filed against store closing sales, as well as litigating the application of Section 327 of the Bankruptcy Code to the joint venture.
Curtis, Mallet-Prevost, Colt & Mosle LLP has ‘strong all-round bankruptcy capabilities‘ and a leading international insolvency practice that spans issues in Mexico, Canada and Europe. The New York-based team also specializes in Chapter 11 litigation, particularly for indenture trustees and multinational corporations. ‘Hardworking star individual‘ Lynn Harrison III leads the ‘diligent and responsive‘ practice, which includes recently promoted partner James Drew. The team is acting as conflicts counsel to the Lehman reorganized debtors in their Chapter 11 bankruptcy cases, handling all bankruptcy, corporate and litigation-related matters where the debtors’ lead bankruptcy counsel has an actual or perceived conflict of interest. In 2018, the department achieved a $1.74bn recovery to the Lehman estate upon a settlement with Citibank. In another highlight, the group is representing Connecticut brokerage CRT Capital Group in connection with the Chapter 15 proceedings of Luxembourg-based SLS Capital and various related litigation. In July 2018, the practice filed a motion seeking details of all proceeds SLS’s foreign representative Yann Baden had obtained in the US, discovering that he collected nearly $20m and had distributed it without the permission of the US Bankruptcy Court for the Southern District of New York. In August 2018, Judge Shelly Chapman held that Baden had violated the US Bankruptcy Code and ordered him to return almost $3m of funds. Steven Reisman, Theresa Foudy, Cindi Giglio and Shaya Rochester left the firm for Katten Muchin Rosenman LLP in March 2018.
Top Tier Firm Rankings
- Labor and employment > Workplace and employment counseling
- Finance > Structured finance: securitization
- M&A: middle-market (sub-$500m)
- M&A/corporate and commercial > M&A: middle-market (sub-$500m)
- Real estate > Real estate
- Finance > Structured finance: derivatives and structured products
- Media, technology and telecoms > Advertising and marketing: transactional
- Investment fund formation and management > Alternative/hedge funds
- Finance > Commercial lending
- Intellectual property > Copyright
- Industry focus > Environment: litigation
- Industry focus > Environment: regulatory
- Dispute resolution > Securities litigation - defense
- Intellectual property > Trademarks: litigation
- Industry focus > Transport: aviation and air travel - finance
- Dispute resolution > Financial services litigation
- Media, technology and telecoms > Media and entertainment: transactional
- Finance > Restructuring (including bankruptcy): corporate
- Industry focus > Sport
- Dispute resolution > Corporate investigations and white-collar criminal defense
- Dispute resolution > General commercial disputes
- Industry focus > Healthcare: service providers
- Media, technology and telecoms > Media and entertainment: litigation
- Private equity buyouts
- M&A/corporate and commercial > Private equity buyouts
- Tax > US taxes: non-contentious
- Finance > Financial services regulation