Anderson Kill, a national law firm, has announced that it has formed a Banking and Lending Group to consolidate the services its attorneys provide to banks and other financial institutions. The group will be chaired by Inez M. Markovich, a shareholder in the firm's Philadelphia office who represents banks in a broad range of lending and bankruptcy and restructuring matters.
The Banking and Lending Group is composed of attorneys who represent national and regional banks, leasing and finance companies, life insurance companies, investment funds and other financial institutions in matters including all types of lending and other financing transactions, equipment leasing, securitizations, sales and acquisitions of financial asset portfolios, creditors’ rights, workouts and bankruptcy, financial services litigation, insurance recovery, and regulatory matters.
The group offers a comprehensive, inter-disciplinary approach to the representation of financial services clients, drawing on the experience of colleagues in Anderson Kill’s Corporate and Securities, Bankruptcy and Restructuring, Litigation, Real Estate and Construction, and Insurance Recovery practices. The group will also have the support of Anderson Kill's Foreign Investment Recovery Group, which helps asset managers and other investors deploy innovative litigation strategies to monetize distressed debt and equity investments, non-performing commercial paper, and unpaid judgment debts.
Group chair Inez Markovich represents banks and financial services companies in all aspects of secured lending, asset-based lending, syndicated lending, commercial leasing, and credit enhancement transactions. Ms. Markovich also has played significant roles representing secured and unsecured creditors in a variety of complex bankruptcy matters nationwide.
Ms. Markovich's colleagues in Philadelphia, shareholders Peter J. Deeb, Frank G. Murphy and Stephen H. Frishberg, all of whom joined Anderson Kill along with Ms. Markovich in October of last year, likewise have extensive experience representing regional and national banks and financial institutions in loan transactions, enforcement of creditors’ rights, financial services litigation, and bankruptcy matters locally and nationally.
Mr. Deeb has more than 25 years of service to banks and leasing companies, representing financial clients in litigation and mediation of disputes arising from sales of lease portfolios, loan and lease workouts, enforcement of creditor's rights, and litigation of adversary proceedings in bankruptcy courts. Mr. Murphy has litigated Article 3 and Article 4 issues as well as numerous asset recovery matters for banks in state, federal and bankruptcy courts in Pennsylvania and New Jersey. Mr. Frishberg has extensive experience representing lenders in commercial loan transactions, including asset-based loans, commercial and industrial loans, and construction loans. Carole Sheffield, a shareholder in Trust & Estates also based in Philadelphia, brings to the group years of experience helping banks analyze whether prospective trust borrowers qualify for banks’ borrowing standards.
Also joining the Banking and Lending Group are three shareholders and one senior counsel from Anderson Kill's New York office. David Graff, a litigator and shareholder who chairs the firm's Foreign Investment Recovery Group, has done pathbreaking work on behalf of investors seeking to recover value from distressed foreign companies. Isaac Druker, senior counsel in Corporate and Securities, has extensive experience in lending and financing transactions. Allen Wolff, a shareholder in the firm's Real Estate and Construction Group, has litigated and negotiated large foreclosures and workouts and handled a variety of mortgage issues. Marshall Gilinsky, who concentrates his practice in insurance recovery and commercial litigation, has represented national banks in insurance coverage disputes and litigated complex secured lending and lease portfolio matters. Attorneys Luma Al-Shibib in New York, Karen Hansen in Philadelphia and Joshua Falakassa in Ventura, CA will also participate in the group.
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Anderson Kill has opened a new office in Dallas, Texas.
David P. Bender, Jr., a shareholder in Anderson Kill's Ventura, CA office and member of the firm's executive committee, will divide his time between Ventura and Dallas. Mr. Bender concentrates his practice in insurance recovery.
To extend the firm’s capabilities in Dallas, Anderson Kill has hired Richard Y. Cheng, a solo practitioner with long experience as senior in-house counsel. Mr. Cheng concentrates his practice in the healthcare and hospitality industries, providing counsel in regulatory matters, healthcare reform, transactional work, litigation, administrative appeals, personnel and management matters, and insurance recovery.
Anderson Kill has successfully represented many Texas-based businesses in high-stakes insurance coverage disputes, including suits concerning coverage for a mining company's asbestos claims, an oil company's pollution liability, business interruption, cyber liability and property damage. Recognizing Dallas's diverse and rapidly growing economic base, the firm is talking to companies in advanced technologies and manufacturing, as well as in the healthcare, hospitality, energy and financial services industries.
Mr. Cheng adds versatility to Anderson Kill’s capabilities in Dallas. Prior to the launch of his own firm, RC Law PLLC, Mr. Cheng served as vice president of medical appeals and general counsel for a major long-term care service provider with more than 5,000 employees throughout Texas. Previously, he served in a similar role at a long-term care rehabilitation service provider. He is also the former first vice president at the Dallas-Fort Worth chapter of the Association of Corporate Counsel.
While in those positions, Mr. Cheng assisted with change of ownership transactions, counseled on operational legal matters and worked closely with outside counsel managing multiple litigation matters, including a large wage and hour collective action with over 2,000 putative class members. In both positions, he created medical appeals departments that successfully recovered millions of dollars in governmental and private healthcare insurance claims. Before beginning his legal career, Mr. Cheng was a practicing occupational therapist for many years in the Dallas/Fort Worth area. He has published extensively on legal matters concerning the occupational therapy industry and healthcare more generally.
Mr. Cheng won the 2011 Dallas Business Journal Best Corporate Counsel Rising Star award and was recognized twice as a finalist for the D CEO Magazine/ACC best corporate counsel award. In addition, he was recognized by Texas Tech Health Sciences Center with the 2010 Distinguished Alumni Award and received the 2011 and 2012 Texas Occupational Therapy Association Distinguished Service awards.