Daily News: April 23, 2014

Bankruptcy/Restructuring Attorneys Join Pachulski Stang

Three bankruptcy and restructuring attorneys, nationally known for their work advising bondholders and distressed debt purchasers and for restructuring billions of dollars of debt, are joining Pachulski Stang Ziehl & Jones.

Isaac Pachulski, will join the firm together with fellow American College of Bankruptcy member and Regent, Jeffrey Davidson. They each have decades of experience advising hedge funds and other bondholders on distressed investment strategies and related legal issues, and are well known as advisors to debtholders in some of the largest and most complex bankruptcy cases in the country, including Lehman Brothers, Enron, CIT Group, Delphi, Owens Corning, Calpine, Residential Capital and Tribune Corp.

“Isaac and Jeff have been extraordinary thought partners to us on some of our most complex investments,” said Mike DeMichele, partner, The Baupost Group.

Also joining the firm is Gabriel Glazer who, in addition to his debtholder work with Pachulski and Davidson, served as counsel to Rising Sun Enterprises and the creditors’ committee for Ownit Mortgage Solutions. He also serves as chair of the State Bar of California’s Commercial Transactions Committee (formerly the Uniform Commercial Code Committee). All three will join PSZJ as partners on May 1, 2014 and will conduct their national practice from the firm’s Los Angeles office.

“Our practices are complementary, and the firm and its clients will benefit tremendously,” said Richard Pachulski. “It’s rare that a law firm has an opportunity to add such high caliber lawyers, who bring such depth of experience to an important part of our practice. We are gratified and delighted that Isaac, Jeff and Gabe chose to move their practices to our firm.” “From a personal perspective, I am also excited by the opportunity to practice with my brother,” he added.

Pachulski Stang Ziehl & Jones is a corporate restructuring boutique.