Mr Michael Firestein > Proskauer Rose LLP > Los Angeles, United States > Lawyer Profile

Proskauer Rose LLP
2049 CENTURY PARK EAST
32ND FLOOR
LOS ANGELES, CA 90067-3206
CALIFORNIA
United States
Michael Firestein photo

Work Department

Litigation

Position

Michael A. Firestein is a partner in Proskauer’s Litigation Department, and formerly served as Vice Chair of the Department from 2018-2023.

Michael handles a wide range of commercial litigation on behalf of private equity funds, financial institutions, securities brokerages, investment advisors, fiduciaries, real estate operating companies and entertainment corporations.

During the past decade, Michael has emerged as a preeminent litigator and trial lawyer in some of the largest bankruptcy proceedings in the country. Specifically, he has a lead role in the Puerto Rico bankruptcy litigation on behalf of the Financial Oversight and Management Board for Puerto Rico. In recent years, he was a principal trial lawyer in the confirmation hearings for plans of adjustment for (i) the Puerto Rico Highways and Transportation  Authority, which sought to restructure nearly $ 6 billion of bond debt and other obligations of the Authority (2022), (ii) the Commonwealth of Puerto Rico, the Puerto Rico Public Buildings Authority, and the Puerto Rico Employee Retirement System, which restructured tens of billions of dollars of bond debt and unfunded pension obligations (2021), and (iii) the Puerto Rico Sales Tax Financing Corporation (COFINA), which sought to restructure $18 billion of bond debt (2019).  Each of these confirmation proceedings saved the Commonwealth and its instrumentalities hundreds of millions of dollars of bond and other debt payments annually. Michael was also lead trial counsel in successful bankruptcy plan confirmations in two contested trials on behalf of Energy Future Holdings, where he addressed numerous intercompany/inter-debtor claims and other matters concerning this complex restructuring.

Michael also advises on probate and trust litigation matters, employment litigation disputes, including wrongful termination, as well as intellectual property and entertainment litigation. He represents publicly traded companies in internal investigations and before the SEC, FINRA, and other SROs. Additionally, Michael counsels individuals in securities aspects of high-net-worth family law disputes.

Michael has tried cases before nearly every kind of tribunal (jury and bench), including state and federal court and before arbitration forums, including FINRA, AAA, JAMS, NYSE and others. Notable clients include Spectrum Equity Investors, The Financial Oversight and Management Board for Puerto Rico, World Surfing League, The Nederlander Group Companies, Lincoln Military Housing, Energy Future Holdings, Aniplex, JP Morgan, New World Restaurant Group, NBC Universal, Telemundo Network, and The Pivotal Group.

Moreover, community service is an important part of Michael’s life. For almost 30 years, he has served as a member of the Board of Directors and the Executive Committee for Concern Foundation for Cancer Research, and served as its President from 1994-1996. Michael also serves on the Board of Directors of Bet Tzedek, a Los Angeles-based provider of pro bono legal services.

Lawyer Rankings

United States > Dispute resolution > General commercial disputes

The versatile team at Proskauer Rose LLP handles contentious matters at all levels of state and federal courts for major players from the worlds of sport, pharmaceuticals, and investment firms. Boston’s Timothy Mungovan co-heads the team, and advises funds, fund sponsors, and investment advisers in a diversity of disputes, including claims of fraud, control contests, partnership disputes and restructurings. Co-head Margaret Dale in New York is often engaged in asset management, data security matters, intellectual property, bankruptcy and corporate governance matters, while fellow co-head Michael Firestein in Los Angeles advises entertainment corporations, financial institutions, investment advisors, and real estate operating companies on a range of commercial litigation matters. Bart Williams and Susan Gutierrez are both based in Los Angeles, with the former adept in white collar criminal defense and internal corporate investigations, while the latter routinely advises Fortune 500 companies operating in the consumer products, media and entertainment industries.