Lowenstein Sandler’s Bankruptcy & Restructuring Department was named a winner in the M&A Advisor's 20th Annual Turnaround Awards. Lowenstein was recognized in the “Reorganization of the Year ($50 million to $100 million)” category for its work in the restructuring of Presperse Corporation.
Lowenstein represented Sumitomo Corporation of Americas in connection with the restructuring of SCOA’s wholly-owned subsidiary, Presperse Corporation, resulting in what is believed to be the first talc-related Chapter 11 case in which a plan of reorganization containing a 524(g) personal injury channeling injunction has been confirmed. The plan, which resolved all current and future talc claims asserted against Presperse, enabled Presperse to complete its restructuring less than one year after its initial filing for relief.
The Lowenstein team included Jeffrey D. Prol, Bruce S. Nathan, and Philip J. Gross.
The Turnaround Awards recognize the leading distressed transactions, restructuring, refinancing, products and services, firms, and professionals in the United States and international markets. More information about M&A Advisor’s methodology can be found here.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 400 lawyers based in New York, Palo Alto, Roseland, Salt Lake City, San Francisco, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
