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News

Turnarounds & Workouts Recognizes Morris Nichols on List of Top Restructurings of 2014

Wilmington, DE (January 30, 2015) – Turnarounds & Workouts recognized Morris, Nichols, Arsht & Tunnell LLP in its annual report identifying “Successful Restructurings” of 2014.

Morris Nichols was recognized for work on the chapter 11 bankruptcy restructuring of Security National Properties Funding III, just one of 12 total restructurings that made the T&W list. Through a novel approach to exit financing, the company was able to retain its investment in 33 out of 34 of its commercial real estate properties, which T&W deemed “an extraordinary result in commercial real estate bankruptcies.” Morris Nichols attorneys Greg Werkheiser, Rob Dehney, and Andrew Remming were noted in connection to their work on this matter.

About Turnarounds & Workouts

The Turnarounds & Workouts newsletter tracking distressed businesses in the United States and Canada. Each issue features news articles, columns, recent filings, a calendar of bankruptcy and insolvency conferences, and special reports on bankruptcy and insolvency professionals, including the annual Top Turnaround Firms and Largest Bankruptcy Law firms.

About Morris, Nichols, Arsht & Tunnell LLP

Morris Nichols combines a broad national practice of corporate, intellectual property, business reorganization and restructuring, commercial law and litigation with a general business, tax, estate planning and real estate practice within the State of Delaware. The firm is regularly involved as lead counsel or co-counsel in matters of national and international significance, as well as those affecting its immediate community. Follow us on LinkedIn or Twitter.

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