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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

SDNY Bankruptcy Judge Approves Sears Deal

U.S. Bankruptcy Judge Robert Drain approved a $5.2 billion sale of Sears’s assets to a new entity owned by ESL Investments, Inc. The transaction includes a limited release of ESL relating to certain litigation claims. In approving the sale, the judge overruled objections from the unsecured creditors committee and other parties. Paul, Weiss represents the independent directors, Alan Carr and William Transier, on the restructuring subcommittee of the Sears Board that is investigating pre-bankruptcy related-party transactions, and negotiated and approved the release and credit bid aspects of the sale transaction.

The Paul, Weiss team includes bankruptcy partners Paul Basta, Kelley Cornish and Robert Britton; litigation partners Lewis Clayton and Susanna Buergel and counsel Jonathan Hurwitz and Karen King; corporate counsel Stephen Koo; and real estate partner Meredith Kane and counsel Karla Booth.

February 7, 2019

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