FINANCIAL RESTRUCTURING & BANKRUPTCY

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1 FINANCIAL RESTRUCTURING & BANKRUPTCY

2 Neal Gerber Eisenberg is a Chicagobased law firm whose attorneys share a culture of teamwork and devotion to personalized client service to advance our clients business interests. Our attorneys provide legal business solutions to public and private entities of all types including Fortune 100 companies, financial institutions, nonprofits and high net worth individuals in connection with domestic and global business transactions and litigation. Operating from a single office ensures that our clients receive world-class counsel without cross-office communication issues or getting lost in a shuffle of thousands of attorneys across multiple offices worldwide. Our full service firm is large enough to handle nearly any legal matter throughout the world, yet small enough that clients personally know the attorneys accountable to their matters.

3 FINANCIAL RESTRUCTURING & BANKRUPTCY Neal, Gerber & Eisenberg LLP s award-winning financial restructuring and bankruptcy practice has played leading roles in nationally significant restructurings of public and private companies across the country. We represent lenders, creditors, committees and financially distressed companies in the full range of insolvency matters, from out-of-court restructurings to formal reorganization and liquidation proceedings. The Turnaround Management Association (TMA) presented our restructuring practice with its 2013 Small Company Turnaround of the Year Award. The award honors and recognizes individuals who have orchestrated the most successful turnaround in a company with revenue of up to $50 million by establishing effective operations, implementing solid management, improving cash flow and increasing production. The practice also won TMA s 2010 Mid-Size Transaction of the Year Award. The award honors and recognizes professionals who led transactions that, according to the TMA, rescued companies from the shadow of complete ruin. In addition, Chambers USA labeled the practice as a leader, reporting that its experience in out-of-court restructurings, reorganizations and liquidation has gained it respect from peers and admiration from clients. U.S.News-Best Lawyers 2015 Best Law Firms survey also ranked the practice among the best in the nation. Our attorneys generate success for clients by bringing a business-oriented and bottom-line approach to each situation, enabling us to meet each client s unique objectives and expectations. This approach is enhanced by years of achieving favorable legal solutions to challenging engagements across many sectors, including the airline, automotive, steel, financial services, real estate, retail, media and technology industries. The firm s practice and experience includes the representation of: Debtors Secured creditors Unsecured creditors and creditors committees Bondholders Directors and officers Lessors Asset purchasers Franchisors Parties in derivative transactions Trustees Assignees for the benefit of creditors Equity holders Receivers Our attorneys generate success for clients by bringing a business-oriented and bottom-line approach to each situation, enabling us to meet each client s unique objectives and surpass its expectations.

4 DEBTORS & COMPANY REPRESENTATION Representing Chapter 11 debtors and trustees requires a thorough understanding of the entire bankruptcy process, the ability to balance the interests of secured and unsecured creditors in order to reach a consensus and the experience to resolve a case expeditiously and economically. For the insolvency professionals at Neal Gerber Eisenberg, the successful representation of debtors and trustees means quickly achieving a meaningful distribution to creditors while curtailing excessive administrative costs. We have represented debtors and trustees in the manufacturing, media, retail, steel, automotive, lumber, apparel, transportation, broadband communications and service industries. Our representations include Morris Publishing Group, LLC, R&M Aviation, Inc., DBA AeroCare Medical Transport System, Inc., National Steel, ASAP Mail Service, M. Hyman Big and Tall and M Rothschild. CREDITORS COMMITTEES A creditors committee is not just the voice of a bankrupt company s unsecured creditors but is also the watchdog over the debtor. Successfully representing a creditors committee requires the ability to be both friend and foe to the debtor a skill we have perfected over more than 20 years. Our recent committee representations have resulted in substantial cash recoveries for creditors in the steel, manufacturing, retail and high-technology industries. Our creditors committee representations have included EuroPlast LTD., Hartmarx Corporation, Corus Bankshares, Inc., Ha-Lo Industries, Inc., Galt Toys, Inc., SK Hand Tool Corporation, Office 1 Superstores and Ganton Technologies LLC. OUT-OF-COURT WORKOUTS & RESTRUCTURINGS Liquidating substantial portions of distressed businesses assets often maximizes distributions to an insolvent firm s creditors. Given the precarious and often time-sensitive nature of such liquidations, buyers of insolvent firms are best served by experienced counsel knowledgeable in the issues unique to insolvencies. We regularly represent buyers of assets and operating businesses in out-of-court workouts and restructurings and in formal insolvency proceedings, section 363 sales and sales pursuant to confirmed plans of reorganization under the Bankruptcy Code. Representative cases include Braniff Airlines, National Steel, Integrated Resources, Inc., PanAm Airlines, Comdisco, Integrated Plastic Technologies, Inc., Clubhouse Restaurants, Dietzgen Corp., Chiasso, Inc., Dynagear, Inc., Mastercasters, Inc., Jackson Precision Die Casting Inc., Forest Financial, Prime Leasing and MS Distributors. Acquiring or disposing of assets from a troubled or Chapter 11 seller requires a multidisciplinary legal team. With practices focusing on tax, real estate, intellectual property, corporate and labor law, among other areas, Neal Gerber Eisenberg is optimally positioned to assist in such transactions. Together, we have developed strategies that maximize value and control buyers risks in the volatile environment of bankruptcy acquisitions. Our attorneys have represented purchasers of the assets of distressed airlines, hotels, health care facilities, financial services companies, medical equipment suppliers, manufacturers and automotive suppliers.

5 SECURED LENDERS Neal Gerber Eisenberg actively represents banks, insurance companies, financial institutions and other secured creditors in Chapter 11 cases, out-of-court workouts and foreclosures. Our representation of secured creditors includes: Debtor-in-possession financing and cash collateral issues Litigating relief from the automatic stay and plan confirmation issues Selling collateral under Article 9 of the Uniform Commercial Code or section 363 of the Bankruptcy Code Prosecuting foreclosure actions and suits against guarantors Developing strategies and alternatives for financially troubled creditors Advising on lender liability issues Defeating a borrower-debtor s proposed plan of reorganization Confirming a creditor s plan of reorganization BANKRUPTCY LITIGATION Our attorneys have served as principal counsel in several leading reported decisions concerning equitable subordination, fraudulent transfers, indubitable equivalence and the Code section 1111(b) election, creditor standing, lender liability, substantive consolidation, constructive trusts, lien rights, administrative claims, bad faith filings and other major issues defining the scope of debtors and creditors rights. LATEST RANKINGS Experience of out-of-court restructurings, reorganizations and liquidation has gained [them] respect from peers and admiration from clients. - Chambers USA Bankruptcy/Restructuring Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Litigation - Bankruptcy

6 REPRESENTATIVE FIRM CLIENTS AbbVie ArcelorMittal USA LLC Citigroup Global Markets Inc. Euromarket Designs Inc. (Crate & Barrel) Eby-Brown Company, LLC Grant Thornton LLP Hyatt Corporation IGT Illinois Tool Works LNV Corp. Match.com, L.L.C. Morgan Stanley Smith Barney Northern Trust Polaroid SBE Entertainment Ticketmaster Corp. TransUnion LLC UBS Global Management (*Americas) Inc. United Healthcare United Parcel Service Viceroy Hotel Group DIVERSITY The firm encourages its attorneys and staff to recognize the value of diversity in creating a better work environment and a stronger firm. We recognize that diversity is a vital component of our culture, identity, planning and overall well-being. By embracing diversity, we reflect what is great about our community and society at large, promote creativity, opportunity and professional development, and best serve our clients. We also support organizations with a like-minded commitment to improving diversity within the legal profession. PRO BONO Pro bono work has always been a cornerstone of the firm s mission. The benefits of giving back to the community are many, not only for those we serve, but for our attorneys. Public service makes us better, more well-rounded lawyers, permitting us to step beyond our day-to-day practices, sharpen and extend our legal skills and increase our engagement with all segments of society. We provide pro bono service to arts organizations, programs for the disabled, schools, churches and synagogues, family service organizations and low-income residents. SUSTAINABILITY The firm promotes, encourages and adopts sustainable office practices to meet our current resource needs without compromising the ability of future generations to meet their own. We have adopted firmwide policies and initiatives that reduce our overall environmental footprint, such as considering sustainability when purchasing supplies and equipment, implementing recycling programs and developing electronic policies to minimize paper use.

7 Neal Gerber Eisenberg has great follow-through. - U.S. News-Best Law Firms Neal, Gerber & Eisenberg LLP Two North LaSalle Street Chicago, IL