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On the Move
Ray Schrock is joining the Business Finance and Restructuring practice of Weil Gotshal & Manges LLP in New York. Formerly a partner in the restructuring group of Kirkland & Ellis LLP , he represented debtors, nondebtor parent companies, private equity and financial institutions as well as secured and unsecured creditors in restructuring matters. While at Kirkland, Schrock served as lead restructuring partner representing Ally Financial Inc. and Ally Bank and their subsidiaries in the Chapter 11 bankruptcy cases of Residential Capital LLC, the mortgage unit of Ally Financial Inc. He also was one of the lead restructuring partners in the Great Atlantic & Pacific Tea Company Chapter 11 cases filed in 2010, as well as the 2008 prearranged Chapter 11 case of Charter Communications, Inc. ' the fourth-largest cable operator in the United States ' in one of the largest prearranged Chapter 11 cases ever filed, with more than $20 billion in debt and $13 billion in assets.
Reznick Capital Markets Securities, LLC of Baltimore has announced the appointment of Jeffrey R. Manning, CTP , as a managing director. He will lead corporate recovery activities, primarily providing investment banking advice and services for companies operating at, near, or emerging from a restructuring process. Prior to joining Reznick, Manning was a managing director and group head of BDO Capital Advisors' special situations group, and prior to that position, he was CEO of FTI Capital Advisors, FTI's wholly owned investment bank.
Ballard Spahr LLP has elected Matthew G. Summers as a partner in the firm's Wilmington, DE, office. Summers represents secured creditors, landlords, debtors, equipment lessors, indenture trustees, manufacturers, mezzanine lenders, and other parties-in-interest in all aspects of bankruptcy cases and bankruptcy-related litigation, in Delaware and nationally. In addition to his bankruptcy practice, he represents lenders, special servicers, and receivers in commercial foreclosure and receivership proceedings in Delaware and Maryland.
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