Excerpt from A Year in Review:
We are pleased to say that 2014 was another successful year for Morrison & Foerster’s Business Restructuring & Insolvency Group. Despite continuing market headwinds, the last year brought our group new engagements on some of the most significant and watched distressed situations since the financial crisis.
In 2014 we were retained to represent the official committee of unsecured TCEH creditors in the chapter 11 cases of Texas power company Energy Future Holdings Corp. and its affiliates in the largest chapter 11 case filed in 2014. We were also engaged to represent an ad hoc group of holders of tax-based bonds (composed of 30 financial institutions) issued by the Commonwealth of Puerto Rico and certain of its instrumentalities in connection with Puerto Rico’s efforts to improve its fiscal situation.
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