NEW YORK, March 8, 2022 /PRNewswire/ — Schulte-Roth & Zabel today announced that Ned S. Schodek joined the firm as a partner in the business reorganization group, based in new York Office.
Ned focuses his practice on representing creditors (with an emphasis on fund clients), ad hoc groups of creditors, debtors, asset acquirers and other interested parties in large and complex pre-packaged, pre-negotiated and traditional Chapter 11 bankruptcies, out-of-court settlements, debtor-in-possession financings, adversarial proceedings and brokers – dealer liquidations.
“I am delighted to join SRZ’s exceptional restructuring team, to help guide clients through what continues to be a very dynamic market,” said Schodek. “Between inflationary pressures, the prospect of higher interest rates, uncertainty about the impact of the pandemic on market demand and global instability, the need has never been greater for managers investment firms and other institutions to assess their risk profiles and for companies to consider opportunistic recapitalizations and access to liquidity.”
Ned also advises financial institutions in closing and structuring new derivatives transactions with distressed entities. He is a former co-chair of the Courts and Legislation Subcommittee of the Bankruptcy and Corporate Reorganization Committee of the New York Bar Association.
“We’re so excited to have Ned join us,” said Douglas Mintz, Partner and Co-Chair of SRZ’s Business Reorganization Group. “He is a terrific lawyer and a great addition to our top restructuring practice.”
“Ned joins a corporate restructuring group that has seen client demand for our services double since 2020. During this time the group has worked on a number of high-profile restructurings including Porto RicoAmerican Achievement Corporation, Trimark and PG&E, among others,” said Adam Harris, Partner and Co-Chair of SRZ’s Business Reorganization Group. “Our clients look to us for strategic advice to manage these very complex restructurings and Ned brings specific experience that will help our clients achieve the desired results.”
“Ned’s experience and expertise further strengthens our ability to advise clients in an unpredictable economy, particularly on the creditor side of the equation,” said Schulte-Roth & Zabel co-managing partner Marc Elovitz. “SRZ has an industry-leading private funds practice. We look forward to Ned’s insights as we help our clients navigate both growth opportunities and challenges,” Schulte-Roth & Zabel co-managing partner david efron continued.
Schulte-Roth & Zabel continues to add substantial talent in strategic practice areas to meet emerging client needs in public and private markets. Ned joins a new partner Alexander Kim, who recently joined the Intellectual Property, Sourcing & Technology group. Other strategic hires include Douglas S. Mintz within the business reorganization group, Mike Flynn, Jeffrey Symon and Brian C. Miner within the M&A and securities group, Gayle Klein within the Litigation Group, and Gregory Rouback within the Finance and Derivatives group.
On Schulte-Roth & Zabel
Schulte-Roth & Zabel LLP (www.srz.com) is a full-service law firm with offices in new York, washington d.c. and London. As one of the leading law firms serving the financial services industry, the firm regularly advises clients on corporate and transactional matters and provides advice on regulatory, compliance, enforcement and investigation. The firm’s practices include: banking regulation; bankruptcy and creditors’ rights litigation; blockchain technology and digital assets; broker regulation and enforcement; business reorganization; complex commercial litigation; cyber security; negotiation of debts and distressed debts; distressed investment; education law; employment and benefits; energy; environmental; finance & derivatives; financial institutions; hedge funds; individual customer services; Assurance; intellectual property, procurement and technology; investment management; litigation; litigation funding; Mergers and Acquisitions; PIPES; capital investment; immovable; real estate capital markets and REITs; real estate litigation; regulated funds; regulation and compliance; securities and capital markets; securities enforcement; securities litigation; securitization; shareholder activism; tax; and white-collar defense and government investigations.
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