Creditors Increasingly Willing to Seize Company Control
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Creditors Increasingly Willing to Seize Company Control
By Chris Dickerson & Matthew M. Murphy, Partners, Paul Hastings
A person can lose all voting rights to his or her company in the blink of an eye.
For many years, there was a palpable reluctance in the financial world to exercise foreclosure rights over equity-based collateral. After all, while it may be one thing to demand payment, it is another thing...
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Matthew M. Murphy is a partner in the Global Bankruptcy and Restructuring practice and a member of the Special Situations Group. He is based in the firm’s Chicago office and advises a variety of clients in complex business reorganizations, debt restructurings, and troubled company M&A. Murphy has counseled clients, both public and private, through out-of-court and Chapter 11 restructuring initiatives, purchases of or investments in distressed companies, the sale of distressed assets, and post-petition lending strategies.
Chris Dickerson is a partner in the Global Bankruptcy and Restructuring and the Corporate practices at Paul Hastings and is based in the firm’s Chicago office. His practice includes the representation of a variety of clients in complex business reorganizations, debt restructurings, and insolvency matters, including purchasers of and investors in distressed companies and lenders to and creditors of such companies and other special situations. Dickerson has assisted numerous large corporations both inside and outside of Chapter 11.
