Daily News: April 24, 2015

Dorsey Hires Ciaccio to Finance & Restructuring Group

Dorsey & Whitney announced Franklin R. Ciaccio joined the firm as Of Counsel in the Finance & Restructuring Group in the New York office.

Ciaccio was most recently a partner at Hinckley, Allen & Snyder. Before joining Hinckley Allen in 2013, Ciaccio was a partner with Carter Ledyard & Milburn and, previous to that, counsel at King & Spalding and Orrick Herrington & Sutcliff. He has published articles in Pratt’s Journal of Bankruptcy Law and Best’s Reports concerning the intersection of bankruptcy laws and insurance matters in bankruptcy proceedings. He is a member of the Business Law Section of the American Bar Association and a member of the Insurance Law Committee of the Association of the Bar of the City of New York. He was one of six members of the Committee of the Business Law Section that originally proposed the Model Debenture Indenture for use in non-complex financings in conformity with the Trust Indenture Act of 1939.

Ciaccio represents secured and unsecured institutional lenders, as well as indenture trustees, in connection with the restructuring of institutional and indentured debt in corporate work-outs, reorganizations and bankruptcies. He has counseled financial institutions in their capacity as members of official unsecured creditors’ committees in more than 25 major bankruptcy cases and institutional creditors and annuity holders in five insurance company insolvencies. He served as counsel to the Trustee of the Bethlehem Steel Corporation Liquidating Trust between 2003 and 2013, as well as counsel to the Trustee of the VP Buildings Distribution Trust, in the LTV Steel Corporation bankruptcy case, from 2004 to 2013.

“We are very pleased that Frank has joined the Firm,” noted Dorsey Managing Partner Ken Cutler. “He brings a tremendous depth of experience to our strong, multi-office bankruptcy, restructuring and corporate trust practice.”

“I am delighted to join Dorsey and its great Firm-wide team of bankruptcy, restructuring and corporate trust lawyers,” noted Ciaccio. “The firm has an exceptional client base, and I look forward to serving those clients.”