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Steven J. Reisman
sreisman@curtis.com
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New York Office
Practice
Mr. Reisman is Co-Chair of the Firm’s Restructuring and Insolvency Group and participates in a wide range of domestic and international matters involving bankruptcy, restructuring and creditors’ rights on behalf of governmental, public company and private clients. Mr. Reisman has represented clients of the Firm in all facets of bankruptcy cases as well as insolvency issues in business transactions and out-of-court restructurings.
Mr. Reisman has represented Chapter 11 debtors, Chapter 11 trustees, secured lenders, governmental entities, creditors’ committees, indenture trustees, liquidators, secured and unsecured creditors (including chairperson of creditors’ committees), shareholders, distressed investors, defendants in avoidance actions, as well as landlords and tenants in bankruptcy cases, investors seeking opportunities in Chapter 11 bankruptcy cases through the purchase of bankruptcy claims, acquisition of assets or as a proponent of a plan of reorganization. Mr. Reisman also has worked on several cross-border insolvency proceedings involving Mexico, Canada, Argentina and other countries.
Mr. Reisman is admitted to the Bars of the States of New York and New Jersey and to the U.S. District Court for the Southern and Eastern Districts of New York, U.S. District Court of New Jersey, U.S. District Court for the Eastern District of Michigan, U.S. District Court for the Eastern District of Wisconsin, U.S. District Court for the District of Connecticut, the U.S. Court of Appeals for the Second Circuit and the U.S. Supreme Court.
Mr. Reisman has been selected as a leader in the Bankruptcy field by Chambers USA.
Education
- J.D., with Honors, St. John’s University School of Law, 1990
- B.S., magna cum laude, State University of New York at Oneonta, 1987
Associations
- Association of the Bar of the City of New York
Member, Bankruptcy and Corporate Reorganization Committee
- American Bar Association
Member, Litigation Section
Member, Business Law Section
- New York State Bar Association
Member, Bankruptcy Law Committee
- New Jersey State Bar Association
- Turnaround Management Association
- American Bankruptcy Institute
- Commercial Law League of America
Recent Representations
- Conflicts Counsel for Chapter 11 Debtor-In-Possession in Calpine Corporation, Musicland Holdings Corporation and Northwest Airlines Chapter 11 cases.
- NorthWestern Energy in connection with significant litigation relating to challenge to confirmation order and defense of alleged fraud claim.
- Majority equity owners of Chapter 11 debtor in connection with mass tort Chapter 11 reorganization and funding of debtor-in-possession financing for reorganization and exit from Chapter 11.
- Wilmington Trust Company as Indenture Trustee in the Winn-Dixie Chapter 11 cases with respect to US$300 million issuance.
- The Co-chair of the official committee of unsecured creditors in both the Delphi Corporation and Kaiser Aluminum Chapter 11 cases.
- The Air Transportation Stabilization Board (ATSB) in all facets of its loan guarantee program including, among other matters, the US$1 billion exit financing to US Airways in connection with its first emergence from Chapter 11 and the consideration of the US$1.6 billion loan guarantee for United Airlines; engagements include outside counsel for the ATSB in the US Airways, ATA Airlines and Aloha Airlines Chapter 11 cases.
- Numerous creditors, swap counterparties, purchasers of assets and defendants in the Enron Corp., et al. Chapter 11 cases.
- The Chapter 11 trustee in one of the largest partnership fraud based bankruptcy cases in the Southern District of New York.
- Lodgian, Inc., a Chapter 11 debtor, which is one of the largest owners and operators of full and limited hotel services properties in the United States, with approximately US$1 billion of debt.
- The Emergency Loan Guarantee Board in connection with its guarantee (and post-default work) on a US$110 million secured term loan to Geneva Steel in emerging from bankruptcy, as part of the U.S. Department of Commerce’s 1999 Emergency Oil and Gas and Steel Loan Guarantee Programs.
- The Emergency Loan Guarantee Board in connection with its guarantee on a US$250 million secured term loan to Wheeling-Pittsburg Steel Corporation in emerging from Chapter 11.
- Glencore Ltd. in the purchase of significant alumina assets from Kaiser Aluminum’s Chapter 11 cases.
- European bank in negotiating purchase of intellectual property from U.S. debtor.
- Don King in the Mike Tyson Chapter 11 case.
- Mexican telecommunications company in connection with several Chapter 11 cases in the U.S.
- Public and private distressed and par debt traders in significant Chapter 11 cases.
- Numerous parties to asset securitization transactions involving forward sales of current and future receivables and other assets.
- Creditors serving on significant Chapter 11 creditors’ committees.
- Wilmington Trust Company, as indenture trustee, in several Chapter 11 cases.
- The Trust Company of Bank of Montreal, as indenture trustee, in the Loewen Group Chapter 11 cases.
- The largest unsecured creditor and co-chairman of the Creditors’ Committee in the Crowley Milner and Steinbach Stores Chapter 11 cases.
- The majority equity owners in a successful private infrastructure restructuring project.
- A major Japanese bank in pursuing a successful involuntary Chapter 11 case and in obtaining full payment of principal owed.
- Defendants in numerous bankruptcy cases involving the pursuit of preferential transfers, fraudulent conveyances, subordination and other causes of action.
Speaking Engagements
- Valuation in Out-of-Court and Chapter 11 Restructuring at the 7th Annual New York City Bankruptcy Conference, New York, New York, May 2005
- Confirmation Issues: New Value Plans, Releases, Plans for Administratively Insolvent Debtors, Replacing the Board at the New York City Bankruptcy Conference, New York, New York, May 2003
Publications
- “To Be or Not to Be: Whether or Not to Be a Stalking Horse in a Bankruptcy Sale,” Turnaround Management (Spring 2004) (Co-authored with Lynn P. Harrison, 3rd, Shabana N. Qaiser and Andrew M. Thau)
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