AREA OF PRACTICE

Bankruptcy & Corporate Restructuring

Biography

Edward Weisfelner is a retired partner and the former Global Chair of the Firm’s Bankruptcy & Corporate Restructuring Practice Group. Ed has been one of the country’s preeminent bankruptcy lawyers for nearly four decades. He led and engineered high-stakes matters in many of the nation’s largest in-court and out-of-court restructurings.

Ed focused his practice on representing official and ad hoc creditors’ and equity holders’ committees, individual creditors, indenture trustees, equity holders, and other. He also served as a court appointed litigation trustee, mediator, and examiner.

Ed is the recipient of numerous industry accolades. He is a five-time recipient of the Outstanding Restructuring Lawyers Award from Turnarounds & Workouts. He was also included as one of only 67 nationally recognized restructuring attorneys in the 11th edition of the K&A Restructuring Register, a peer group listing selected by an advisory board of financial advisers, lawyers, and private practitioners. Ed was honored by the UJA Federation of New York bankruptcy and reorganization group with the Professor Lawrence P. King Award, a philanthropic award given to a leader in the bankruptcy and reorganization industry “whose spirit of generosity and kindness is both boundless and selfless.”

Representation

Counsel to the Special Claims Committee of the Federal Oversight and Management Board for Puerto Rico in litigation arising in the PROMESA Title III insolvency proceedings of the Commonwealth of Puerto Rico and certain of its instrumentalities, including disputes regarding the validity of over $12 billion in bonds issued by Puerto Rico and its instrumentalities.

Representing Lead Counsel in the GM Ignition Switch Defect MDL Litigation as Plaintiffs’ Designated Counsel in U.S. Bankruptcy Court for the Southern District of New York, opposing GM’s motion to enjoin plaintiffs’ economic injury claims based on the injunction contained in the bankruptcy Sale Order by which the assets of Old GM were transferred to New GM in the GM bankruptcy in 2009.

Counsel to Plan Sponsor in Pacific Exploration & Production Corporation’s cross-border restructuring.

Counsel to the Ad Hoc Equity Committee in Ultra Petroleum Corporation.

Counsel to Ad Hoc Committee of Second Lien Noteholders, and Special Counsel to Indenture Trustee, in the Chapter 11 case of Energy Future Holdings (TXU), then the largest energy producer in Texas.

Counsel to the Official Creditors’ Committee in the Chapter 11 proceedings of Dewey & LeBoeuf LLP, then the largest law firm Chapter 11 filing.

Counsel to Wilmington Trust, co-chair of the Official Creditors’ Committee in the Chapter 11 proceedings of AMR Corporation, the parent of American Airlines.

Counsel to the Official Creditors’ Committee in the Chapter 11 proceedings of Lyondell Chemical Company which, together with its non-debtor affiliates, was one of the largest petrochemical and refining companies in the world. Ed also served as Litigation Trustee for two separate trusts established in connection with Lyondell’s confirmed plan.

Counsel to the Official Creditors’ Committee in the Chapter 11 proceedings of Six Flags, Inc., then one of the largest amusement park operators in the world.

Counsel to Icahn Partners in the Chapter 11 proceedings involving the Trump Taj Mahal and affiliated gaming operations.

Counsel for the Official Creditors’ Committee in the Chapter 11 proceedings for Global Crossing.

Counsel to the single largest creditor in the Marvel Entertainment Group Inc. Chapter 11 cases.

Counsel for the Official Equity Committee in the Chapter 11 proceedings of Pilgrim’s Pride Corporation.

Counsel for the Official Equity Committee in the Chapter 11 proceedings for Mirant Corporation, then ranked as the 11th largest bankruptcy case in U.S. history.

Counsel for the Ad Hoc Committee of Trade Creditors in the MCI/ WorldCom Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York.

Counsel for the Official Committee of Equity Security Holders in the Comdisco Chapter 11 proceedings pending in the Northern District of Illinois.

Counsel for the successful plan sponsor in XO Communications, Inc.’s Chapter 11 case in the Bankruptcy Court for the Southern District of New York.

Counsel for the Ad Hoc Committee of Trade Creditors in the Adelphia Communications Chapter 11 case.

Education

Brooklyn Law School – J.D., with honors, 1982
New York University, Washington College – B.A., 1977

Bar Admissions

New York
U.S. Supreme Court
U.S. Court of Appeals for the Second Circuit
U.S. Court of Appeals for the Third Circuit
U.S. Court of Appeals for the Fifth Circuit
U.S. District Court for the Southern District of New York
U.S. District Court for the Eastern District of New York
Publications
Advanced Fraudulent Transfers: A Litigation Guide, 2014: American Bankruptcy Institute
Co-Editor, Contested Valuation in Corporate Bankruptcy, 2011: LexisNexis, part of the Collier on Bankruptcy monograph series
"How distressed claims trading may impact your reorganization strategy," Navigating Today's Environment: The Directors' and Officers' Guide to Restructuring, 2010: Beard Books
Speaking Engagements
Frequent lecturer in the areas of bankruptcy and corporate restructuring
Professional Affiliations
American Bankruptcy Institute
Turnaround Management Association
New York Bar Association
American Bar Association
Awards and Honors
Recognized by Who's Who Legal as "Recommended" for Restructuring & Insolvency (2021)
Selected by his peers for inclusion in The Best Lawyers in America© in the fields of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Litigation - Bankruptcy (2007-2021)
Recognized as a Recommended Attorney by The Legal 500 US for Finance - Restructuring (including Bankruptcy): Corporate (2015-2020)
Nominated as a Top Restructuring and Insolvency Practitioner by the Euromoney's Expert Guide (2020 Edition)
Recognized by Chambers Global and Chambers USA in the area of Bankruptcy Law (2002-2020). He is described as "a tremendous strategic thinker and great all-around lawyer....beyond renowned...a tremendous lawyer...He is smart and has been around a long time. He is intelligent and savvy, as well as aggressive...He is excellent in court; he pays attention to what interests the judge and homes in on that."
Honored by UJA-Federation of New York Bankruptcy and Reorganization Group with the 2015 Professor Lawrence P. King Award, a prestigious philanthropic award given to a leader in the bankruptcy and reorganization industry "whose spirit of generosity and kindness is both boundless and selfless."
Five-time recipient of the “Outstanding Restructuring Lawyers” award from Turnarounds & Workouts
Chosen as one of only 67 nationally recognized restructuring attorneys in the Eleventh Edition of The K&A Restructuring Register, a peer group listing selected by an advisory board of financial advisors, lawyers and private practitioners
Recognized by Super Lawyers as a top-rated Creditor Debtor Rights attorney in New York, NY (2006-2020)
Listed in The International Who’s Who of Insolvency & Restructuring Lawyers