Lehman Bankruptcy Judge James M. Peck To Join Morrison & Foerster
Former judge who presided over the largest bankruptcy in U.S. history will
co-chair the firm's global Business Restructuring & Insolvency Group
NEW YORK, Feb. 19, 2014
NEW YORK, Feb. 19, 2014 /PRNewswire/ --Morrison & Foerster announced today
that Hon. James M. Peck will join the firm as co-chair of its global Business
Restructuring & Insolvency Group, effective March 3, 2014.
During his tenure as United States Bankruptcy Judge for the Southern District
of New York, Judge Peck presided over the chapter 11 and SIPA cases of Lehman
Brothers and its affiliates, which collectively held approximately $600
billion assets at the time of filing, constituting the largest bankruptcy
filing in U.S. history. Other notable matters over which Judge Peck presided
include the chapter 11 cases of Iridium, Quebecor, Charter Communications,
Extended Stay Hotels and ION Media and the chapter 15 case of Japan Airlines.
Judge Peck also brokered settlements in several high profile cases including
American Airlines, Syms/Filenes, MF Global, General Motors Nova Scotia
noteholders, Residential Capital and Excel Maritime.
As well as enhancing Morrison & Foerster's current restructuring practice,
Judge Peck also brings expertise in the area of complex mediation in both
domestic and international insolvencies.
"As a result of the increasing multinational nature of businesses and
globalization of capital, in the last six years we have seen the most complex
cross-border and domestic bankruptcy and insolvency matters in history. Judge
Peck's experiences presiding over some of these matters, including the Lehman
Brothers chapter 11 case, in addition to his experience acting as a mediator
in others, such as Residential Capital and MF Global, will add a wealth of
expertise to our practice. We are delighted that Judge Peck will be joining
Morrison & Foerster," said Larren M. Nashelsky, chair of Morrison & Foerster.
"Bringing on a practitioner of Judge Peck's stature strengthens our already
robust practice in complex domestic and cross-border restructuring," added
Gary S. Lee, chair of Morrison & Foerster's Business Restructuring &
"Judge Peck will offer expertise in a myriad of areas where he has helped
advance bankruptcy law. This is especially true of his landmark rulings
relating to derivatives and the bankruptcy safe harbors. We are excited to
offer his insights to our clients and colleagues."
Judge Peck said: "I look forward to continuing to do in private practice what
I did on the bench – working on world class domestic and cross-border cases
and engaging in complex mediation matters – at Morrison & Foerster. MoFo's
global platform and practice strength in restructuring and insolvency make
this a most exciting opportunity."
Judge Peck joins at a time of meteoric trajectory for the practice. The firm
has recently advised on a number of high-profile cases, including representing
Residential Capital, LLC, one of the largest real estate finance companies in
the world, as the debtor in the largest chapter 11 case of 2012. In addition,
the group represented the chapter 11 trustee for MF Global in the largest
chapter 11 case of 2011. Morrison & Foerster played a significant role in
Iceland's bank restructurings through its representation of the Resolution
Committee and Winding-up Board of Landsbanki Islands hf. The group also
represents official creditors' committees in some of the highest profile
cases, including in the recent cases of the Los Angeles Dodgers and Ambac
Financial Group. Indeed, the firm was named "Bankruptcy Firm of the Year" for
2013 by Chambers USA.
Judge Peck also joins on the heels of leading insolvency practitioner Howard
Morris, who joined the firm's London office, bringing a wealth of expertise on
cross-border and pan-European insolvency, and Jorg Meissner and Thomas Keul,
highly regarded restructuring lawyers in Morrison & Foerster's Berlin office.
Judge Peck was appointed to the United States Bankruptcy Court for the
Southern District of New York in January 2006.
Prior to his appointment, he was a partner in the business reorganization
department at Schulte Roth & Zabel and previously a partner in the
reorganization and finance practice of Duane Morris. He earned his J.D. from
New York University School of Law and his B.A. from Dartmouth College.
Judge Peck is a fellow of the American College of Bankruptcy, a member of the
International Insolvency Institute and is co-chair of the ABI's Advisory
Committee on Financial Contracts, Derivatives and Safe Harbors. He is an
adjunct professor of finance at NYU's Stern School of Business and is a
frequent speaker and moderator at global industry conferences and
We are Morrison & Foerster — a global firm of exceptional credentials. Our
clients include some of the largest financial institutions, investment banks,
Fortune 100, technology and life science companies. We've been included on The
American Lawyer's A-List for 10 straight years, Chambers Global named MoFo its
2013 USA Law Firm of the Year, and in light of the Business Restructuring &
Insolvency Group's success Chambers USA named MoFo its "Bankruptcy Firm of the
Year." Our lawyers are committed to achieving innovative and business-minded
results for our clients, while preserving the differences that make us
Jocelyn De Carvalho, Public Relations Manager
(212) 336-4051, firstname.lastname@example.org
SOURCE Morrison & Foerster
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