Otterbourg Promotes Maduike to Of Counsel for Specialty Finance

Law firm Otterbourg promoted Nneoma A. Maduike to of counsel in the firm’s banking and specialty finance group.

Miller Joins Otterbourg Finance Practice

Jason I. Miller joined Otterbourg as a member of the specialty finance group. His practice focuses on asset-based lending, cash flow lending, middle market, factoring, leveraged finance, first and second lien loans and term loans.

Rosenthal Provides Financing to Expedite Prestige Restructuring

Rosenthal & Rosenthal provided financing to facilitate a complex restructuring and sale of Prestige Industries, a provider of commercial laundry and valet services to the hospitality industry in the New York City region.

Otterbourg Expands Bankruptcy and Finance Practices

Otterbourg added Keith N. Costa and Michael Wenger to the firm as members of the restructuring and bankruptcy practice and counsel in the banking and finance practices, respectively.

Fiorillo to Head Otterbourg Restructuring Group

As part of its leadership transition plan, Otterbourg has named Daniel Fiorillo head of the firm’s restructuring practice group, replacing Jonathan Helfat.

What’s in Your Intercreditor Agreement? For First Lien Lenders, the Devil’s in the Details

For many years, bankruptcy courts failed to enforce intercreditor agreements because the parties involved were not in bankruptcy. Courts today are enforcing these agreements strictly according to their text. Failure to note the precise wording of an intercreditor agreement can trip up a first lien lender and give the second lien lender the upper hand during bankruptcy proceedings.

Otterbourg Names Stehl, Morse to Leadership Positions

Otterbourg named Richard L. Stehl chairman of the firm and its executive committee and David W. Morse vice chairman and president. Daniel Wallen is stepping down as chairman after leading the firm for more than two decades.

Otterbourg Named Banking & Finance Law Firm of the Year

Otterbourg was selected as the Banking & Finance Law Firm of the Year for 2015 by Corporate INTL .

Otterbourg Names Cyganowski Restructuring/Bankruptcy Chair

Otterbourg named Melanie L. Cyganowski chair of the firm’s restructuring and bankruptcy department.

Otterbourg Named to BTI A-Team

Otterbourg is ranked in BTI Consulting’s Client Service A-Team 2015 report.