Will Texas Two-Step Remain Part of Restructuring’s Mass Tort Dance Routine
By William Schumacher & Charles Fendrych, Associates, Milbank LLP
How mass torts may be addressed through a bankruptcy process is a topic garnering significant academic and practical attention, but for which there is no easily identifiable solution. Although a fundamental goal of U.S. bankruptcy laws is to give debtors a financial fresh start from burdensome...
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Charles Fendrych is an associate in the New York office of Milbank LLP and a member of the firm's Financial Restructuring Group. He specializes in bankruptcy and restructuring law and represents a wide variety of stakeholders in insolvency situations and in-court and out-of-court restructurings. Fendrych’s practice focuses on business restructuring and reorganization, including representation of unsecured creditors and debtors in Chapter 11 proceedings, complex bankruptcy and mass torts litigation, and out-of-court restructuring related matters.
William Schumacher is an associate in the Los Angeles office of MilbankLLP and a member of the firm’s Financial Restructuring Group. He specializes in bankruptcy and restructuring law and represents a wide variety of stakeholders in insolvency situations and in-court and out-of-court restructurings. Schumacher’s practice focuses on business restructuring and reorganization, including representation of ad hoc groups, individual secured and unsecured creditors, and debtors in Chapter 11 proceedings, complex bankruptcy litigation, and out-of-court restructuring related matters.
