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
Gulfport Energy Emerges From Chapter 11
- Client News
- May 18, 2021
Paul, Weiss advised an ad hoc group of unsecured noteholders of Gulfport Energy Corporation, an independent returns-oriented, gas-weighted, exploration and development company, in the company’s successful restructuring. Gulfport emerged from bankruptcy with a new board of directors; a strengthened balance sheet, with $853 million of total debt, representing more than $1.2 billion of deleveraging through the chapter 11 process; and approximately $135 million of liquidity. As a component of the restructuring, unsecured noteholders will receive, among other securities, up to 96% of the equity of the reorganized company. The company’s plan of reorganization was previously confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on April 28.
The Paul, Weiss team included restructuring partners Alan Kornberg and Robert Britton; litigation partners William Clareman, Walter Rieman and Kannon Shanmugam; tax partner Robert Holo; corporate partners Robert Zochowski, Lawrence Wee, Kenneth Schneider, John Kennedy and Mark Bergman, and counsel Ari Nishitani, Chaim Theil, Jason Tyler and Philip Heimowitz; executive compensation partner Jean McLoughlin and counsel Nicole Tark, Jacob Glazeski, Reuven Falik and Ron Aizen; real estate partner Salvatore Gogliormella; intellectual property partner Claudine Meredith-Goujon; antitrust counsel Marta Kelly; environmental counsel William O’Brien; and international trade counsel Richard Elliott.