New York City Opera named Kenneth A. Rosen, chair of Lowenstein Sandler's Bankruptcy, Financial Reorganization & Creditors' Rights Department, to its board of trustees. Since its founding in 1943 by Mayor Fiorello LaGuardia as "The People's Opera," New York City Opera has been a vital contributor to the city's cultural life, with a unique mission: providing affordable ticket prices, a devotion to American works, English-language performances and up-and-coming American singers. Previously serving as restructuring counsel to the organization, Rosen successfully steered the opera company out of bankruptcy with the unanimous support of its creditors, creating a plan of reorganization for NYCO Renaissance. Rosen is sanguine about the revitalized company, commenting that "I consider this one of the greatest privileges of my life: to have guided a struggling organization out of debt, and now be able to serve in a capacity of watching it flourish."
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