Firm News

Laura Davis Jones and Bruce Grohsgal have been named among Delaware "super lawyers." In addition, Ms. Jones was selected as one of the top ten "super lawyers" in Delaware. Only five percent of the total lawyers in the state are selected for inclusion in Super Lawyers, and Ms. Jones is in the top ten of that five percent for her work in bankruptcy and creditor/debtor rights. "Delaware Super Lawyers" is published in the June issue of Philadelphia magazine, which reaches more than 486,000 monthly readers, and in Pennsylvania Super Lawyers magazine. "Super Lawyers" are selected based on peer recognition and professional achievement.

Nine attorneys from the Los Angeles office have been named "Super Lawyers" in their fields in a recent special edition of Los Angeles magazine.

Andrew Caine - Bankruptcy

Ira Kharasch - Bankruptcy

Sam Maizel - Bankruptcy

Robert Orgel - Bankruptcy

Richard Pachulski - Bankruptcy

Hamid Rafatjoo - Bankruptcy

Jeremey Richards - Bankruptcy

James Stang - Bankruptcy

Dean Ziehl - Business Litigation and Bankruptcy

The firm is proud to announce that Debra Grassgreen has been invited to become a fellow of the American College of Bankruptcy. She will be inducted in March 2008 in Washington DC.

Six partners from Pachulski Stang Ziehl & Jones LLP have been selected for the 2008 edition of Best Lawyers in America.

In the cover story in the October 2007 issue of the California Lawyer magazine, author Ron Donoho interviews James Stang at length about PSZJ's involvement in the chapter 11 case of the Catholic Diocese of San Diego. As lead counsel to the creditors' committee in the case, Mr. Stang was instrumental in negotiating a global settlement in the case that, at almost $200 million, is more than double the diocese's final offer.

James I. Stang, Robert Orgel, Hamid Rafatjoo and Gillian N. Brown represented the Official Committee of Unsecured Creditors in the chapter 11 case of The Roman Catholic Bishop of San Diego. Through intensive litigation during the six months of the bankruptcy, the Committee thwarted the Diocese's strategy to force survivors of clergy sexual abuse to accept below average settlements. On September 7, 2007, the Diocese announced a settlement for 144 survivors and its intention to dismiss its chapter 11 case. The settlement represents the highest average per survivor settlement for any group settlement of claims against a Catholic diocese in the United States. Pachulski Stang Ziehl & Jones has represented more committees in Catholic diocese chapter 11 cases than any other firm in the country; representations include committees in the chapter 11 cases of the Diocese of Spokane and the Diocese of Davenport.

Henry C. Kevane and John D. Fiero, partners in the San Francisco office of Pachulski Stang Ziehl & Jones LLP, have been named in the 2007 edition of Northern California Super Lawyers as two of Northern California's top bankruptcy and creditor/debtor rights attorneys. The publication is published annually by Law & Politics and San Francisco Magazine.

Irvine-based subprime lender People's Choice Home Loan has selected attorneys Jeremy Richards and Jeffrey Dulberg of Pachulski Stang Ziehl & Jones LLP as their chapter 11 counsel.

As a wave of customer defaults swept through the subprime mortgage lending industry in late 2006, reports of lenders seeking refuge from margin calls and buyback requirements placed on the warehouse lines and repossession agreement fundamental to their operations exploded. Without the confidence of the equity markets behind them, subprime mortgage lenders have been painted into a corner amid rising interest rates and customer turmoil.

Sam Maizel is a contributing Author to the recently published second edition of Business Workouts Manual (Thomson/West). The manual offers authoritative analysis and practical guidance from the nation's leading authorities on all aspects of the business workout. The text includes full coverage of the process of developing a strategy, general workout analysis, working with other creditors, and consensus development. Sam, a nationally recognized expert in restructuring healthcare industry entities, contributed Chapter 31, "Workout Issues in the Healthcare Industry."

On October 1, 2006, Malhar Pagay became the chair of the Bankruptcy Law Section of the Beverly Hills Bar Association, a nationally recognized, 75-year old, major metropolitan bar association based in Beverly Hills, California. With over 3,600 members, it is the largest voluntary bar association in California that is not a county bar association.

The following Pachulski Stang Ziehl Young Jones & Weintraub attorneys have been recognized in the 2006 edition of Southern California Super Lawyers -- Rising Stars:

Bankruptcy -- Jeffrey Pomerantz and Malhar Pagay.

General Litigation -- Gillian Brown.

The publication is published annually by Law & Politics and Los Angeles Magazine.

The Youth Mentoring Connection is a Los Angeles-based not-for-profit organization that provides mentoring and counseling to at risk inner city youth. On February 21, 2006, the YMC awarded Richard M. Pachulski its Humanitarian of the Year Award at a gala dinner held at the Beverly Hills Hotel.

Five attorneys from the Los Angeles office have been named "Super Lawyers" in their fields in a recent special edition of Los Angeles magazine.

Pivotal issue regarding ownership of assets is determined in Roman Catholic Diocese of Spokane bankruptcy case.

Richard Pachulski, Jim Stang and Rob Orgel were selected for inclusion in the 2005 edition of Southern California Super Lawyers as three of Southern California's top bankruptcy and workout attorneys. The publication is published annually by Law & Politics and Los Angeles Magazine .

General Media, Inc. was listed in Turnarounds & Workouts as one of the ten most successful restructurings in 2004. "Penthouse publisher General Media reorganized through full payment plan to creditors as Penthouse Media Group, preserving and enhancing value of estate and global brand." Rob Feinstein, managing partner of the New York office of Pachulski, Stang, Ziehl, Young & Weintraub, represented the renowned publisher of Penthouse Magazine in its chapter 11 case. General Media is also engaged in internet, entertainment, and trademark licensing businesses.

Today, after many twists and turns, the Debtors' Fourth Amended Plan of Reorganization was confirmed in General Media, exactly one year to the day from the petition date. Whereas unsecured creditors and Penthouse founder Bob Guccione were threatened with extinction at the beginning of the case, unsecured creditors will receive cash and notes representing full payment of their claims, and Guccione will get a ten-year agreement and be paid $500,000 per year whether or not he works in his twilight years.

Samuel R. Maizel has been appointed as examiner in bankruptcy cases pending in Spokane WA.

With broke companies nationwide seekings its services, Los Angeles-based Pachulski, Stang, Ziehl, Young, Jones & Weintraub has turned a bankruptcy niche into a money-making machine.

Who says bigger is better? Four bankruptcy partners at Pachulski, Stang, Ziehl, Young, Jones & Weintraub are letting the Enrons and Kmarts of the world pass them by. Led by partner Thomsen Young, these lawyers created a firm within their firm to ensure Pachulski Stang keeps a lock on the middle market.