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DLA Piper LLP (US)

444 WEST LAKE STREET, SUITE 900, CHICAGO, IL 60606-0089, USA
Tel:
Work +1 312 368 4000
Fax:
Fax +1 312 236 7516
Email:
Web:
www.dlapiper.com

Richard Chesley

Tel:
Work +1 312 368 3430
Email:
Web:
www.dlapiper.com/en/us/people/c/chesley-richard-a/
DLA Piper LLP (US)

Work Department

Restructuring; Financial Services

Position

Partner; Global Co-Chair, Restructuring Practice; Co-Managing Partner, Chicago Office

Career

Richard Chesley practices in the areas of corporate restructuring, with an emphasis on bankruptcy transactions both in the United States and internationally.

He has also represented a number of other constituencies in bankruptcy proceedings throughout the US, including financial advisors, real estate acquirors, liquidators and other significant creditors.

Member

American Bankruptcy Institute

Education

J.D., University of Cincinnati College of Law; B.A., Northwestern University


United States: Finance

Restructuring (including bankruptcy): corporate

Within: Restructuring (including bankruptcy): corporate

The ‘effective and practicalDLA Piper LLP (US) provides ‘solution-driven, consensus building and concise advice’, particularly in the healthcare, retail and manufacturing sectors. Chicago-based Richard Chesley jointly leads the practice alongside Tom Califano in New York, and they are supported by the ‘experienced, talented, attentive and creative’ John Lyons, who is ‘able to find imaginative solutions to complicated problems’. The team represented Appvion in its sale to the stalking horse bidder, led by Franklin Advisers, for $365m, in relation to the company’s Chapter 11 filings in the US Bankruptcy Court for the District of Delaware. The team is also representing 4 West Holdings, Orianna Investment and 133 affiliates, collectively, as joint owners of a healthcare business that owns and operates skilled nursing homes across seven states in Chapter 11 proceedings in the US Bankruptcy Court for the Northern District of Texas; the matter included a prepack followed by litigation. Other clients include Gordon Brothers Group, Black Diamond and CenterPoint Properties.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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