International law firm Weil, Gotshal & Manges announced on June 2 its role as lead debtor counsel to General Motors Corporation in the company's Chapter 11 filing. The Weil Gotshal team is led by partners Harvey Miller and Stephen Karotkin.
Mr. Miller, a senior partner in Weil Gotshal's Business Finance & Restructuring Department, was noted recently by the New York Times as "the dean of the bankruptcy bar." In March he was recognized by The American Lawyer as a "Dealmaker of the Year" for his role in the $613 billion Lehman Brothers bankruptcy, the largest bankruptcy filing in history.
Mr. Karotkin is a Weil Gotshal veteran of 33 years. His practice focuses on business reorganizations, debt restructurings, debtor and creditors' rights, and financing transactions. His representations of debtors in Chapter 11 bankruptcy proceedings include, among others, Texaco Inc., Revere Copper and Brass, Fine Host Corporation, Magellan Health Services, Formica Corporation, New World Pasta, Loral Space & Communications, and Armstrong World Industries.
With its handling of the GM bankruptcy filing, Weil Gotshal has now served as debtor counsel in the five largest bankruptcies in U.S. business history as measured by company assets at the time of filing.
Consistent with previous years' rankings, Weil, Gotshal & Manges is again included among Corporate Board Member magazine's top ten corporate law firms in America. Now in its ninth year, Corporate Board Member's annual list of the top 20 national law firms is centered on a survey conducted by the magazine and FTI Consulting, Inc., a global business advisory firm. The law firms are selected based on the number of votes received from over 6,300 directors and general counsel serving on boards of publicly traded companies listed with the NASDAQ and NYSE Amex.