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.

Mayer Brown global restructuring debtor practice lead Louis Chiappetta. (Courtesy photo)

It also marked a turning point for Mayer Brown’s debtor’s practice, to which Chiappetta arrived in 2019 from Skadden, Arps, Slate, Meagher & Flom. The company’s largest debtor-side representation ever—with the next-largest debtor case occurring over a decade ago—GWG Holdings marked Mayer Brown’s resurgence as a player in representing major debtors.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]