Irving H. Picard Joins Baker Hostetler
Court-Appointed Trustee in Madoff Investment Fraud Investigation Joins Baker Hostetler in New York
New York – December 22, 2008 – Baker & Hostetler LLP announced today that Irving H. Picard has joined the firm in its New York City office. Mr. Picard, a noted expert in bankruptcy and restructuring, currently serves as the Court-appointed trustee under the Securities Investor Protection Act (SIPA) in the liquidation of Bernard L. Madoff Investment Securities LLC.
"Irving's depth of knowledge in complicated restructurings and experience as a trustee in major securities cases is widely recognized," said George Stamboulidis, Head of the firm's White Collar and Corporate Investigations Practice. "We are extremely pleased he will be joining our team and look forward to drawing on his expertise," said Stamboulidis, who will become Managing Partner of the firm’s New York office effective January 1, 2009. "This was also an opportunity for Irving to work again with his long-time law partner and friend David Sheehan, as well as his former partners Oren Warshavsky and Rick Lehrer, all of whom joined us earlier this year. It's a great fit."
Steven Kestner, Executive Partner of Baker Hostetler, noted that Picard is an ideal complement to the firm's strong practice in monitorships, trusteeships and related areas of law. "In recent years Baker Hostetler has been appointed as Independent Monitor of Merrill Lynch and Mellon Bank as well as Independent Examiner of the Bank of New York," Kestner said. "I am delighted that Irving is joining this strong and highly respected team."
Baker Hostetler's White Collar Defense and Corporate Investigations Practice is among the nation's most experienced and effective. Its white collar and securities attorneys come to Baker Hostetler from distinguished careers in government as Assistant United States Attorneys, Assistant District Attorneys and SEC enforcement attorneys. In addition, the firm has a strong national Bankruptcy, Creditors' Rights and Restructuring Practice which will be a valuable resource for Mr. Picard in his role as trustee.
About Baker Hostetler
Founded more than 90 years ago, Baker Hostetler is among the nation’s 100 largest law firms with 600 attorneys coast to coast. The firm has offices in Cincinnati, Cleveland, Columbus, Costa Mesa, Denver, Houston, Los Angeles, New York, Orlando and Washington, D.C. Its four primary practice groups are Business, Employment, Litigation and Tax. For more information, visit the firm’s Web site at www.bakerlaw.com.