(Source: Business Wire)
Thomas B. Walper, a senior bankruptcy lawyer and restructuring
professional, has rejoined Munger, Tolles & Olson as a partner. For the
past two years, Mr. Walper has been head of corporate restructuring for
investment firm Plainfield Asset Management in Greenwich, Conn. Prior to
that, Mr. Walper had been a partner at Munger, Tolles & Olson for 16
years.
"Tom's business experience and his years of bankruptcy practice make him
an invaluable addition to our bankruptcy and reorganization practice,"
said Sandra Seville-Jones, co-managing partner of Munger, Tolles &
Olson. "We are fortunate to welcome back an MTO veteran in a critical
practice area given the difficult economy."
While at MTO, Mr. Walper played a significant role in many of the
country's largest chapter 11 cases and restructurings, including Refco,
Calpine, Pacific Gas & Electric, Southern California Edison, Kmart,
United Airlines, Southern Pacific Funding, California Power Exchange and
Coho Energy. He was the lead bankruptcy counsel for Berkshire Hathaway
Inc. for several years representing them in connection with the Enron,
FINOVA Group, Fruit of the Loom, Oakwood Homes, and USG Corporation
bankruptcy cases. At MTO, Mr. Walper's practice will include the
representation of debtors, creditors, creditors' committees, unsecured
creditors, and boards of directors, as well as the representation of
acquirers and sellers of financially troubled companies, both in and
outside of bankruptcy.
"I am invigorated to come back to the practice of law with the
significant experiences I have gleaned from my role as a buy-side
principal," Mr. Walper said. "The current economic conditions have led
to some of the most sophisticated and challenging bankruptcy work the
industry has seen, and I am looking forward to helping our clients in
these complex times."
At Plainfield, Mr. Walper contributed to the analysis and underwriting
of investments in distressed securities and private transactions and
developed and implemented both consensual and litigated exit strategies
for distressed private and public investments. In this role, he acted as
a principal representative on numerous formal and informal creditors
committees. He first joined MTO in 1991, after serving as a partner in
Stroock & Stroock & Lavan's bankruptcy group.
Mr. Walper has twice been recognized by Turnarounds and Workouts
magazine as one of the country's top 12 bankruptcy lawyers.
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