The thing that strikes you the most about Paul, Weiss is the depth of the practice. They just have a large number of senior partners, all of whom are of an outstanding quality.
- Chambers USA, Band 1 for Bankruptcy/Restructuring (Nationwide and NYC) and "Bankruptcy Law Firm of the Year" in 2019
Cumulus Media Emerges From Chapter 11
- Client News
- June 12, 2018
Paul, Weiss advised Cumulus Media Inc., one of the United States’ largest radio station networks, in its successful reorganization under chapter 11. Under the reorganization plan, which received court approval in May 2018 over creditor objections related to company valuation, Cumulus’ debt was trimmed by more than $1 billion, and term lenders received 83.5 percent of the reorganized company’s equity and $1.3 billion in new term loan debt. Unsecured creditors received the balance of the equity. Cumulus filed for chapter 11 protection in November 2017 and emerged from bankruptcy on June 4, 2018.
The Paul, Weiss team included bankruptcy partners Paul Basta and Jacob Adlerstein and counsel Claudia Tobler; litigation partners Susanna Buergel and Lewis Clayton and counsel Jonathan Hurwitz; tax partner David Sicular; corporate partners John Kennedy, Robert Zochowski, Ariel Deckelbaum and Lawrence Wee and counsel Chaim Theil and Bruce Gruder; intellectual property partner Claudine Meredith-Goujon; employee benefits partner Andrew Gaines and counsel Jason Ertel; real estate partner Mitchell Berg; personal representation partner Alan Halperin; and antitrust counsel Marta Kelly.