Heather Lennox, Partner-in-Charge of the Firm’s Cleveland Office and member of the Business Restructuring & Reorganization Practice, has been named a 2017 "MVP" in the Bankruptcy category by the legal publication Law360. The MVP awards honor elite attorneys for their successes in high-stakes litigation, significant deals or complex global matters in the previous year.
Ms. Lennox has played a leading role in numerous representations of debtors and potential debtors, creditors' committees, prepetition secured lenders, bank groups, DIP lenders, credit card processors, and other significant creditors in many of the nation's largest in-court and out-of-court corporate and municipal restructurings. She served as lead restructuring counsel to the Peabody Energy entities, the world's largest private sector coal company, leading a team that negotiated and developed a plan of reorganization that reduced Peabody's debt burden by more than $5.5 billion over pre-filing levels, and was supported by an overwhelming majority of Peabody's creditors and other interested parties.
Ms. Lennox told Law360 that the proudest moment of her career was her participation as one of the lead attorneys on the city of Detroit’s 2013 bankruptcy, helping to draw up the so-called Grand Bargain that eliminated $7 billion of the city’s $18 million debt while preserving much of its employee pensions and world-renowned art collection. "That was historic, really momentous," she said. "Instead of just one company, that affected millions of people, affecting their quality of life."
Read Heather Lennox's Law360 profile (subscription required).
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