(Courtesy photo) Mayer Brown Looks to Reignite Debtor's Practice After Largest Company-Side Restructuring in Firm History
Lawyers representing GWG Holdings contended with a board that quit mid-bankruptcy and 27,000 secured creditors, including many who alleged fraud or sued the company.
August 25, 2023 at 10:35 AM
6 minute read
For Mayer Brown global restructuring debtor practice lead Louis Chiappetta, the successful emergence of GWG Holdings from Chapter 11 meant more than a successful client outcome, the resolution of $2.1 billion in debt and the end of a tumultuous 16-month process that saw the debtor's entire board of directors quit amid a Securities and Exchange Commission investigation and allegations of fraud by 27,000 secured creditors.
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