Goldin Associates is pleased to have been recognized by Turnarounds & Workouts as a 2012 Outstanding Turnaround Firm. Specifically recognized are Goldin managing directors Harrison J. Goldin, Marti P. Murray, Erik Graber, David Pauker, Gary Polkowitz, Seymour Preston Jr., David Prager and Rob Vanderbeek.
Goldin AssociatesLLC is honored to announce that its founder and senior managing director, Harrison J. Goldin, has been selected to receive the Beard Group’s Harvey R. Miller Outstanding Achievement Award for Service to the Restructuring Industry. The award will be presented at Beard Group’s 19th Annual Distressed Investing Conference on Monday, November 26, at which Mr. Goldin will deliver the keynote address. For information on the conference, please visit the Beard Group’s website at http://bankrupt.com/DI2012/.
Mr. Goldin said, “I am honored to receive this award and to be included among the restructuring professionals recognized in years past who have, like Harvey Miller, made meaningful and enduring contributions to our industry.” Prior recipients include:
2001 Harvey Miller, Weil Gotshal
2002 Steve Cooper, Zolfo Cooper
2003 Wilbur Ross, W.L Ross & Co.
2004 Jay Alix, AlixPartners
2005 Arthur Newman, The Blackstone Group
2006 Tony Alvarez II, Alvarez & Marsal
2007 David Tepper, Appaloosa Management
2008 William Repko, Evercore Partners
2009 Al Koch, AlixPartners
2010 Barry Ridings, Lazard
2011 David Resnick, Rothschild
Goldin Managing Director and former distressed-debt-focused hedge fund manager Marti P. Murray commented: “Jay is one of the industry leaders whose work is admired by professional advisors and investors alike. He is an ideal choice for this award.” Goldin Executive Managing Director David Pauker said, “Jay has been a leading figure in our industry for decades, and no one is more deserving of this recognition. My colleagues at Goldin Associates join me in proudly congratulating him.”
Goldin Associates LLC cited in connected with its work on the Dewey partner contribution plan.
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Hedge fund and private equity news website FINalternatives.com reports that “Goldin Associates has snared hedge fund founder and Babson Capital veteran Marti Murray,” quoting her about the move.
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Goldin Associates LLC is pleased to announce that veteran hedge-fund manager and former CEO of Murray Capital Management, Marti P. Murray, will join the Firm as a Managing Director and a member of the Firm’s Management Committee effective August 6, 2012. In 1995, Murray founded Murray Capital Management Inc., an investment fund with peak assets under management of $750 million that focused on distressed-debt, high-yield and special-situation investing. In 2008, the distressed-debt business of Murray Capital was acquired by Babson Capital, where Murray led the distressed-debt investing group until co-founding an independent financial consulting practice, Murray & Burnaman. Earlier in her almost three-decade-long financial services career, Murray worked at Bank of America, Oppenheimer & Co. and Furman Selz.
Ms. Murray adds an exciting new dimension to Goldin’s financial-advisory and litigation-support practices. Her experience in distressed debt includes valuing underperforming credits and troubled companies, investing across a wide array of industries, serving on official and ad-hoc creditor committees, and taking leading roles in negotiating complex corporate restructurings. Her areas of expertise include hedge-fund trading, management and best practices. As a consultant, she has advised or testified for parties in a variety of contested matters involving restructuring, valuation, hedge-fund management and trading. Her background and expertise will be an important complement to the range and depth of services Goldin offers its clients. Goldin will also benefit from Ms. Murray’s entrepreneurial vision as it continues expansion of its financial-advisory platform.
Ms. Murray is an award-winning Adjunct Professor at the NYU Leonard N. Stern School of Business. She has taught courses to M.B.A. students on bankruptcy and distressed-debt investing, as well as valuation and equity analysis. She regularly speaks and publishes on various topics, including distressed investing and hedge-fund risk management. Ms. Murray holds an M.B.A. in Finance from the NYU Leonard N. Stern School of Business and a B.A. from Colgate University in World Affairs and Chinese.
On Friday June 29, 2012, U.S. Bankruptcy Judge Thomas Bennett ruled in favor of Bank of New York Mellon, as indenture trustee, and other warrant holders, rejecting Jefferson County, Alabama’s effort to treat legal fees and reserve funds for depreciation and amortization as operating expenses that could be deducted from net revenues owed to creditors of the County’s troubled sewer system. A Goldin Associates financial advisory team supported the efforts of the trustee and warrant holders. The Court’s decision is critical to the approximately $3.7 trillion U.S. municipal bond market, for JeffCo’s aggressive classification of extraordinary expenses and capital expenditures as deductible operating expenses would limit funds available to creditors out of pledged net revenues. Goldin senior managing director Harrison J. Goldin, a veteran of municipal distress who, as Comptroller, helped lead New York City out of its fiscal crisis in the 1970s, testified at the trial as to what operating expenses are understood to mean in the municipal debt industry. Goldin Associates is proud to have helped our client prevail in this landmark case.
Goldin Associates LLC has been hired to assist counsel for the Debtor in the bankruptcy of Dewey & LeBoeuf LLP in the evaluating and resolving actual or potential claims against former partners.
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Goldin Associates LLC is pleased to announce that Managing Director David Pauker will be inducted as a Fellow of the American College of Bankruptcy in a ceremony at the U.S. Supreme Court on March 16, 2012.
The American College of Bankruptcy is an honorary professional and educational association of bankruptcy and insolvency professionals. The College plays an important role in sustaining professional excellence. College Fellows include commercial and consumer bankruptcy attorneys, insolvency accountants, turnaround and workout specialists, law professors, judges, government officials and others involved in the bankruptcy and insolvency community.
Nominees are extended an invitation to join based on a record of achievement reflecting the highest standards of professionalism. The College now has 787 Fellows, each selected by a Board of Regents from among recommendations of the Circuit Admissions Council in each federal judicial circuit and specially appointed Committees for Judicial and Foreign Fellows.
Criteria for selection include: the highest standard of professionalism, ethics, character, integrity, professional expertise and leadership contributing to the enhancement of bankruptcy and insolvency law and practice; sustained evidence of scholarship, teaching, lecturing or writing on bankruptcy or insolvency; and a commitment to elevate knowledge and understanding of the profession and public respect for the practice.
We warmly congratulate our colleague on this well deserved honor.
Goldin Associates LLC is pleased to announce that it has been acknowledged as one of the top performing firms in the restructuring and crisis-management field for 2011 by a leading industry publication.
The Deal recognized Goldin Associates as the third-ranking U.S. crisis-management firm by asset value (in client matters) in its most recent bankruptcy league tables and ranked among its top crisis management professionals Goldin Associates Managing Directors David Pauker, Seymour Preston Jr., Gary Polkowitz, Rob Vanderbeek, David Prager, Harrison Goldin and Erik Graber.
David W. Prager explains intricacies of “synthetic structures” employed to mitigate RMBS exposure during the restructuring of bond insurer Syncora Holdings, where he served as interim CFO and senior restructuring advisor.
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David Pauker nominated to serve on post-confirmation Board of Directors of Lehman Brothers Holdings International in connection with its liquidation.
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