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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 to Exit Chapter 11

Paul, Weiss secured court approval for radio broadcasting company Cumulus Media Inc.’s financial reorganization plan in connection with its Chapter 11 bankruptcy. Under the confirmed plan, approved over creditor objections related to company valuation, the company’s debt will be trimmed by more than $1 billion, and term lenders will hold 83.5 percent of the reorganized company as well as interest in a first-lien exit facility. Unsecured creditors will receive the balance of the equity. The company filed for voluntary reorganization in November; it expects to emerge from bankruptcy by the end of the second quarter.

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.

May 4, 2018

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