Paul N. Silverstein
Partner
Paul Silverstein is a member of the firm's Executive Committee, a member of the Policy Committee and co-chair of the Bankruptcy/Restructuring practice. Paul's practice includes the representation of official and ad hoc creditors and stockholders committees, significant strategic and financial investors and debtors/issuers in complex Chapter 11 reorganizations and out-of-court restructurings. He is experienced in the representation of purchasers and sellers of assets, claims and equity interests in distressed and special situations in connection with both strategic and financial investments.
Representative Experience
- FairPoint Communications, Inc. (Creditors Committee)
- Washington Mutual, Inc. (Broadbill Investments)
- YRC Worldwide, Inc. (Ad Hoc Convert Committee)
- Spansion Inc. (Ad Hoc Noteholders Committee)
- Pilgrim's Pride Corporation (Creditors Committee)
- Primus Telecommunications (Ad Hoc Senior Bond Holder Committee)
- Kitty Hawk, Inc. (Debtors)
- Lexington Precision (Creditors Committee)
- Cibro Petroleum Products, Inc., et. al (Debtors)
- MCAR LLC v. Southern Companies (Plaintiff)
- Mirant Corporation (Creditors Committee)
- Metromedia International Group (Preferred Shareholders)
- Allied Holdings (Ad Hoc Equity Committee)
- Refco, Inc. (Ad Hoc Equity Committee)
- Leap Wireless International, Inc. (Vendor Debt Committee)
- American Banknote Corporation (Debtor)
- NEON Communications, Inc. (Creditors Committee/Reorganized Company)
- Merrill Corp. (Bondholders Committee)
- Reptron Electronics, Inc. (Creditors Committee/Reorganized Company)
- Metricom, Inc. (Bondholders Committee/Reorganized Company)
- Advanced Radio Telecom, Inc. (First Avenue Networks, now FiberTower Corp.) (Creditors Committee/Reorganized Company)
- Metro Affiliates, Inc. et al. (Atlantic Express) (Creditors Committee)
- Physicians Resource Group (Debtors)
- U.S. Diagnostics (Bondholders Committee)
- WHX Corporation (Preferred Stockholder Committee)
Publications
- LSTA Finalizes Distressed Buy-In/Sell-Out Provisions (September 22, 2011)
- Payments by Enron are "Settlement Payments" under the Bankruptcy Code's Safe Harbor Provisions (July 18, 2011)
- District Court Overturns the TOUSA Fraudulent Transfer Ruling The Banking Law Journal (March 2, 2011)
- "Securities Trading by Bondholders--Restrictions on Trading by Pre-Petition Steering Committee Members and 'Chinese Walls'", High Yield Bonds, Practising Law Institute (September 1991)
- "Maximizing Credit Recoveries from Troubled Bank Loans" IIR (1991)
- "Troubled Real Estate - Strategies and Tactics of Today’s Workouts and Bankruptcies" WG&L (1990)
- "The Evolving Role of Bankruptcy Judges Under the Bankruptcy Code" 55 Bklyn Law Rev. 555 (Spring 1985)
Events
Speaker
- "Distressed Investing," Beard/Renaissance (2003-2010)
- "Investment Banking Program," American Bankruptcy Institute (2002 and 2003)
- "Corporate Reorganization," Beard/Renaissance (2001 and 2002)
- "Trading Claims - Current Developments," American Bar Association (Spring 1997)
Professional Recognition
- The Best Lawyers in America, Bankruptcy and Creditor-Debtor Rights Law (2011 and 2012)
- New York Super Lawyer in Bankruptcy & Creditor/Debtor Rights, Metro Magazine (2007-2011)
- AV rating in Martindale-Hubbell
