Willkie Farr & Gallagher LLP has announced that Matthew A. Feldman has rejoined the firm after serving as the Chief Legal Advisor to the Obama administration's Presidential Task Force on the Auto Industry.Mr. Feldman was recruited to join the Auto Team at the United States Treasury to help develop the overall strategy to restructure and recapitalize General Motors Corporation and Chrysler LLC, a strategy which resulted in the ground breaking legal proceedings which implemented a comprehensive financial solution for both companies.The Auto Team conducted complex negotiations with all major constituents of both companies, including Fiat SpA (which now runs Chrysler), the United Auto Workers and major creditors of both auto makers under a compressed timeline set by President Obama.
The cabinet-level Treasury Department task force was assembled last winter to advise Treasury Secretary Timothy F. Geithner and National Economic Council Director Lawrence H. Summers on reorganization efforts by the automobile manufacturers and their suppliers.In recognition of his efforts and sacrifices, Mr. Feldman received the "Secretary's Honor Award," presented to him by Secretary Geithner for his "distinguished service to the American people as the Chief Legal Advisor to the Department of Treasury Auto Team."
Mr. Feldman, one of the nation's top bankruptcy attorneys, has rejoined Willkie as a partner and Co-Chair, with partner Marc Abrams, of the firm's Business Reorganization and Restructuring Department in the New York office.He will also resume his membership on the firm's Executive Committee.Mr. Feldman's extensive experience includes representing all parties in bankruptcy proceedings including debtors, creditors, lenders and acquirors of assets.