Business Finance & Restructuring partners David Nigel Griffiths and Jessica Liou have been named “Outstanding Young Restructuring Lawyers” by Turnarounds & Workouts for 2019. The select list, which features 12 lawyers throughout the United States, recognizes the attorneys younger than 40 who have worked on the industry’s prominent bankruptcies and restructurings. Weil is the only firm with multiple honorees.
Mr. Griffiths was recognized for his role in several high-profile restructurings, including advising Westinghouse Electric Company in its chapter 11 case. The landmark proceeding involved approximately $10 billion of debt, $800 million in debtor-in-possession financing and the $4.6 billion sale of Westinghouse Electric to Brookfield Business Partners. The publication also noted Mr. Griffiths’ representation of The Carlyle Group in the restructuring of the Moroccan refinery SAMIR, as well as his representation of Trive Capital in the chapter 11 bankruptcy and acquisition of defense contractor Wellman Dynamics Corp., among other matters.
Ms. Liou was recognized for advising Pacific Gas and Electric Company in its historic chapter 11 restructuring. The publication also highlighted her representation of Catalina Marketing Corporation in its chapter 11 restructuring, which reduced the company’s debt from $1.9 billion to approximately $276 million. She was additionally recognized for advising Fieldwood Energy in its chapter 11 restructuring, among other matters. The innovative Fieldwood proceeding enabled the company to acquire strategic assets, equitize more than $1.6 billion in debt, and raise new capital through an equity rights offering – all in a fully consensual prepackaged restructuring completed in less than two months.
Turnarounds & Workouts is a newsletter for professionals tracking distressed businesses in the United States and Canada. The full list of award winners can be found in the April 2019 issue.