Marc Hirschfield Joins New York Office & Madoff Liquidation Team
Addition Expands Bankruptcy and Debt Finance Groups
NEW YORK, NY – March 18, 2009 – Baker Hostetler announced today the expansion of its Bankruptcy, Restructuring & Creditors' Rights and Debt Finance groups with the addition of partner Marc Hirschfield. Mr. Hirschfield will join the team representing Irving Picard, the court-appointed trustee under the Securities Investor Protection Act for the liquidation of Bernard L. Madoff Investment Securities LLC. Mr. Hirschfield, who was most recently a partner with Ropes & Gray, will be resident in Baker Hostetler's New York Office.
Mr. Hirschfield is experienced in all aspects of insolvency and reorganization practice. He regularly represents debtors, creditors' committees, debtor-in-possession lenders, secured and unsecured creditors and acquirers of assets in both out-of-court workouts and bankruptcy cases. Mr. Hirschfield is experienced in cross-border insolvency cases having been involved in cases in various countries such as Bermuda, the British Virgin Islands, Canada and Australia. Mr. Hirschfield also represents the Chapter 11 Trustee of a hedge fund that operated as a Ponzi scheme in its bankruptcy pending in the Southern District of New York Bankruptcy Court.
Mr. Hirschfield has significant experience in representing commercial lenders providing asset-based loans, senior, mezzanine and second lien financings. He has represented lenders in numerous financing transactions involving companies in the food and beverage, healthcare, technology, automotive, construction, aviation and manufacturing industries.
Mr. Hirschfield is a court certified mediator and has been appointed to the Mediation Panels for the United States Bankruptcy Courts for the Southern and Eastern Districts of New York and the District of Delaware. He is a member of the American Bankruptcy Institute and previously clerked for the Honorable Richard J. Arcara, U.S. District Court for the Western District of New York.
"We have made yet another great hire with the addition of Marc Hirschfield," said George Stamboulidis, Managing Partner of Baker Hostetler’s New York office. "Marc is just the most recent in a series of outstanding practitioners who have joined our office in recent months, enabling us to meet the growth in demand for our services. His experience enhances our ability to address the increasingly complex needs of our corporate clients in this extremely challenging economic environment," Stamboulidis said.
"I am delighted that Marc has joined us," said partner Irving Picard, the court-appointed trustee under the Securities Investor Protection Act in the liquidation of Bernard L. Madoff Investment Securities LLC. "With his background and experience, he will be a valuable addition to the Baker Hostetler team that is seeking to recover property for the benefit of the victims of the Bernard L. Madoff Ponzi scheme."
About Baker Hostetler
Founded over 90 years ago in 1916, Baker Hostetler is among the nation’s 100 largest law firms with 600 attorneys coast to coast. The firm has 10 offices nationwide: New York, Cincinnati, Cleveland, Columbus, Costa Mesa, Denver, Houston, Los Angeles, Orlando and Washington, D.C. Its five primary practice groups are Business, Employment, Intellectual Property, Litigation and Tax. For more information, visit the firm’s Web site at www.bakerlaw.com.
# # #
Contact: Christine L. Gill
Communications Manager
(216) 861-7852
cgill@bakerlaw.com