Michael J. Lichtenstein



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Michael J. Lichtenstein 12505 Park Potomac Avenue 6th Floor Potomac, MD 20854 T (301) 230-5231 F (301) 230-2891 mjl@shulmanrogers.com Michael Lichtenstein is a shareholder in the Litigation and Corporate Department and co-chair of the Bankruptcy and Creditors' Rights Group, who practices in the areas of workouts, bankruptcy litigation and commercial litigation. His practice includes retention as an expert witness, representation of financial institutions, creditors' committees, creditors, landlords, debtors and equity holders in Chapter 11 proceedings in more than ten states and in commercial litigation in state and federal courts. Mr. Lichtenstein has represented several telecommunications companies defense contractors, high tech companies and various furniture retail chains in large Chapter 11 proceedings with debts ranging from $25 to $400 million and has represented companies in a variety of industries in the purchase and sale of assets in bankruptcy proceedings. Mr. Lichtenstein has represented banks, financial institutions and various creditors in commercial litigation involving contracts, securities, telecommunications, construction, commercial leases and trademarks. He has litigated in state and federal courts across the country and has argued several times before the United States Court of Appeals for the Fourth Circuit. Prior to joining Shulman Rogers, Mr. Lichtenstein was a litigation and bankruptcy partner at Swidler Berlin, L.P. in Washington, D.C. PRACTICE AREAS Bankruptcy and Creditors' Rights Commercial Litigation Distressed Assets Business and Financial Services EDUCATION American University, Washington College of Law, Washington, District of Columbia, 1988, J.D., Honors: Member, Law Review University of Pennsylvania, 1982, Ph.D., Major: Criminology University of Pennsylvania, 1980, M.A., Major: Criminology Brandeis University, 1979, B.A., Honors: Four year starter on varsity soccer team, Division III National Champions; Honors: Member of the 12505 PARK POTOMAC AVENUE, 6TH FLOOR, POTOMAC, MD 20854 T 301.230.5200 F 301.230.2891 ShulmanRogers.com

NEWS Shulman Rogers Attorneys Honored by Inclusion on 2016 Maryland and Washington DC Super Lawyers Listings Shulman Rogers Attorneys Honored by Inclusion on 2015 Washingtonian Top Lawyers Listing As published in The Banking Law Journal: Violating A Debtor's Discharge Injunction: Lenders Beware, Written by Michael Lichtenstein As published in Law360: Minor League Team Owner Ducks Bid To Reopen Lien Case, Represented by Michael Lichtenstein Shulman Rogers Attorneys Honored by Inclusion on 2016 Best Lawyers Listing As published in Law360: Eaglebank Lien Ruled Senior In Minor League Team Spat, Represented by Michael Lichtenstein Shulman Rogers Attorneys Honored by Inclusion on 2015 Best Lawyers Listing Maryland's Healthy Back Store Files for Bankruptcy Shulman Rogers Attorneys Honored by Inclusion on 2015 Maryland Super Lawyers Listing Montgomery Businesses Engage in a Day of Service Shulman Rogers Attorneys Honored by Inclusion on 2014 Maryland Super Lawyers Listing Michael Lichtenstein named to SmartCEO's Legal Elite Shulman Rogers Has Sixteen Attorneys Named to the 2013 Maryland Super Lawyers Listing Twenty-three Shulman Rogers Attorneys Recognized in The American Lawyer's "Top Rated Lawyers" Series Michael Lichtenstein Discusses Bankruptcy Brandeis University Athletic Hall of Fame Israel Defense Force, Former tank officer BAR & COURT ADMISSIONS District of Columbia Maryland U.S. Court of Appeals, 4th Circuit HONORS & AWARDS Governor's Volunteer Service Certificate, 2014 Best Lawyers in Washington, DC, Washington Post, 2014 Washingtonian Magazine, Top Bankruptcy Lawyers, 2009, 2011, 2013, 2015 Board of Directors, Montgomery County Coalition for the Homeless, 2013 - present SmartCEO Legal Elite, 2013 Maryland Super Lawyers, Bankruptcy, 2010-2014 Maryland Super Lawyers, Business Litigation 2015-2016 District of Columbia Super Lawyers, Bankruptcy, 2011-2013

Shulman Rogers Has Eight Attorneys Named to the 2012 Super Lawyers Business Edition Listing for Washington, D.C. Local Lawyer Makes Community Service A Family Priority Insolvency Uncertain times for Rosecroft again Shulman, Rogers, Gandal, Pordy & Ecker will be recognized for work on Turnaround and Restructuring of Classic Brands transaction during the 10th Annual M&A Advisor Awards Rosecroft Bankruptcy Settlement Approved Penn National closes on Rosecroft sale Service of Pleadings on Counsel under Bankruptcy Rules 7004, 9014 and 9010 Judge approves Penn National's purchase of Rosecroft Penn National to buy Rosecroft Raceway for $10.2 million, with goal to add slots at track Orioles owner Angelos is interested in buying Rosecroft Raceway Bia Pro Bono Project Update Shulman Rogers Helps Client Reorganize for Success District of Columbia Super Lawyers, Business Litigation, 2014-2016 Washington DC Top Rated Lawyers 2012 The Best Lawyers in America, 2014, 2015, 2016, Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law PUBLICATIONS Violating a Debtor's Discharge Injunction: Lender's Beware - October 2015 issue of The Banking Law Journal. Can Consent Be Implied In A Sale Of Property Free And Clear Of Liens Under Section 363(F) Of The Bankruptcy Code? - Pratt's Journal of Bankruptcy Law, January 2015 Workouts and Forbearance Agreements - TSL Express, a product of the Secured Lender, July 9, 2014

A Commercial Landlord's Damage Remedies in a Tenant's Bankruptcy Proceedings - Real Estate Finance Journal, Winter 2013/2014 Asset Sales and Structured Dismissals in Chapter 11 - Pratt's Journal of Bankruptcy Law, January 2014 Commercial Loan Officers Authority to Bind a Bank - The Banking Law Journal, September 2013 Insolvency - Chapter 11 Reorganization or Liquidation for Businesses in the United States Lawrope International, March, 2012 Disappointed Bidders Don t Have Standing to Appeal an Order Approving a Sale of Assets XXXI ABI Journal 2, March 2012 What Are A Tenant's Rights When A Landlord Files For Bankruptcy? Real Estate Law Journal Summer, 2012 with Richard Goldberg Service of Pleadings on Counsel under Bankruptcy Rules 7004, 9014 and 9010, American Bankruptcy Institute Journal, February 2011 The Treatment of IRUs in Bankruptcy Proceedings, In the Matter of Rural Health Care Support Mechanism WC Docket No. 02-60, July 15, 2010 Non-Dischargeability of Debts Under Section 523(A)(2)(B) of the Bankruptcy Code, The Banking Law Journal, June 2009 The Imposition of Constructive Trusts in Bankruptcy Proceedings (with Stephen A. Metz), ABI Business Reorganization Committee Newsletter, Volume 7, Number 2, 2008 The Payment of "Stub Rent" Under the Bankruptcy Code, Real Estate Law Journal, Fall, 2007 Bankruptcy Courts' Treatment of Severance Agreements Providing for Continued Payments to Former Employees, Business Law Brief, Fall, 2006 Assertions of Insolvency in Avoidance Actions to Rebut Financial Statements, American Bankruptcy Institute Journal, October, 2005 Settling the Law in the Circuits: Presenting Hearsay Evidence in a Preliminary Injunction Hearing, American Journal of Trial Advocacy, American Journal of Trial Advocacy, Fall 2005 How New Bankruptcy Code Changes Affect Tenants, Commercial Tenant Lease Insider, August, 2005 How New Bankruptcy Code Changes Will Affect You, Commercial Lease Law Insider, July, 2005

Service of Process on a Defendant's Counsel in an Adversary Proceeding, American Bankruptcy Institute Journal, June, 2005 Supreme Court Ducks Sovereign Immunity Question: A Recap of Circuit Conflicts, American Bankruptcy Institute Journal, July/August, 2004 Violations of the Automatic Stay: Void or Voidable, American Bankruptcy Institute Journal, May, 2004 Calculating a Landlord's Claim in Bankruptcy, Real Estate Law Journal, Fall, Volume 32, Number 2, 2003 Who Is An Insider For Voting Purposes in a Single Asset Chapter 11?, Bankruptcy Law and Practice, March/April, Volume 10, Number 3, 2001 The Treatment of IRUs in Bankruptcy Proceedings, Journal of Bankruptcy Law and Practice, November/December, Volume 11, Number 1, 2001 EVENTS Chapter 11 Structured Dismissals: Viable Exit Strategy or Impermissible Under Bankruptcy Code? November 10, 2015 Chapter 11 Structured Dismissals: What You Need to Know August 11, 2015 Chapter 11 Structured Dismissals: Viable Exit Strategy or Impermissible Under Bankruptcy Code? October 28, 2014 SEMINARS & SPEAKING ENGAGEMENTS "Chapter 11 Structured Dismissals - Viable Exit Strategy or Impermissable", October 28, 2014 "Commercial Lease Damages in Bankruptcy Proceedings", Maryland Bankruptcy Bar Association, February 26, 2014 "Exit Strategies in Chapter 11: Asset Sales and Structured Dismissals," The Twelfth Annual Spring Break Weekend, Maryland Bankruptcy Bar Association May, 2012 MICPEL, Advanced Real Property Institute, October 7, 2009 Bankruptcy Brush Up: What to do when a landlord files? Recent Case Developments in Consumer and Business Bankruptcy Cases, The Tenth Annual Spring Break Weekend, Maryland Bankruptcy Bar Association

Chair, Loan Workout, Bankruptcy and Collateral Liquidation in the District of Columbia, Lorman Education Services PROFESSIONAL & COMMUNITY AFFILIATIONS American Bankruptcy Institute, Member Walter Chandler Inns of Court, Master American Bar Association, Member Maryland Bankruptcy Bar Association, Member Maryland Bar Association