Curtis Secures Liquidation Plan Approval for The Fairchild Corporation

New York, January 7, 2010 — Curtis, Mallet-Prevost, Colt & Mosle LLP, an international law firm, has successfully obtained approval of a Chapter 11 Plan of Liquidation for its client The Fairchild Corporation. The Plan was approved by the Bankruptcy Court for the District of Delaware on December 17, 2009.

The Plan provides for the full payment or similar satisfaction of all secured claims as well as administrative and priority claims. Allowed unsecured claims will share pro rata in the distributable proceeds remaining in a liquidating trust to be created under the Plan. The claims in these cases, many of which are subject to dispute and compromise, are stated in the amount of approximately $3 billion. Stockholders are not expected to receive any recovery under the Plan.

The Fairchild team is led by Restructuring and Insolvency partner Timothy A. Barnes and Jerrold L. Bregman and includes Restructuring and Insolvency associates Veronique Hodeau and Edward McNamara. Partner Eileen Matthews and associate Oreste Cipolla from the Corporate group, partner Turner Smith from the Litigation group, and partner Eduardo Cukier from the Tax group also advised on the matter.

The Curtis Restructuring and Insolvency group regularly advises debtors, creditors' committees, secured and unsecured creditors, financial institutions, equity owners and investors, trustees, liquidators and court-appointed fiduciaries, and foreign and domestic governmental agencies in all types of restructuring and insolvency matters both in and out of court. Curtis counsels clients in a broad array of sectors, including private equity, distressed investing, derivatives and structured financings, retail, real estate, airlines, telecommunications, energy and commodities. Curtis has developed a national reputation as the leading law firm in “conflicts counsel” engagements in large and complex Chapter 11 restructurings on both the debtor and creditors' committee sides.