Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

LEADING MUNICIPAL RESTRUCTURING ATTORNEY MARK KAUFMAN – CO-CHAIR OF MCKENNA’S MUNICIPAL REFORM PRACTICE – RELOCATES TO SAN FRANCISCO

Kaufman recognized for helping city of Harrisburg reorganize from brink of bankruptcy; will lead McKenna’s municipal distressed and insolvency practice on West Coast

With many California cities continuing to show signs of fiscal distress, McKenna Long & Aldridge has relocated litigation partner Mark Kaufman, co-chair of the firms’ Municipal Reform & Innovation practice, to its San Francisco office from the Atlanta office. His practice focuses on advising financially distressed cities and towns – as well as tax-exempt bondholders, bond insurers and other public finance stakeholders – on issues and strategies stemming from fiscally challenged municipal credits.

One of the country’s leading municipal restructuring lawyers, Mr. Kaufman was recently honored by the Turnaround Atlas Awards as winner of the Out-of-Court Restructuring of the Year Award for Middle Markets. He was also selected as Mid-Market Restructuring Lawyer of the Year and listed as one of the top 100 restructuring and turnaround professionals in the world.

Mark Kaufman
Mark Kaufman

Some of that recognition reflected Mr. Kaufman’s role as lead counsel advising the Governor-appointed Receiver of the City of Harrisburg, PA in concluding a complex financial restructuring without resorting to Chapter 9 bankruptcy filing. Mr. Kaufman was able to successfully work with a broad group of bondholders and other creditors in developing an out-of-court plan of reorganization for the Pennsylvania state capital in restructuring more than $400 million in debt. His contributions weren’t lost on local constituents – an article in Harrisburg’s daily newspaper last December commented, “In the extraordinarily complex world of bankruptcy law, Kaufman is one of the best.”

Mr. Kaufman will lead McKenna’s work in municipal restructuring matters in California at a time when local governments across the state are facing a gauntlet of challenges, from underfunded public pension plans to a shrinking tax base and nagging high unemployment. Three California cities have filed Chapter 9 bankruptcies in the last several years – San Bernadino, Stockton and Vallejo – and a fourth, Mammoth Lakes, had its case dismissed. Frequent news reports have identified numerous other cities throughout the state that could face default on public debt – including Oakland, San Jose, Fresno and Compton.

“California represents the largest collection of municipal governments of any state in the country – and it’s no secret that many of those cities have remained under severe fiscal stress since the recession,” said Charley Maher, who recently was named managing partner for McKenna’s San Francisco office.

“Having Mark Kaufman resident in our office, with his deep knowledge of distressed public debt, and coming off his tremendous success in helping bring Harrisburg back from the brink, is a huge asset for our West Coast insolvency group,” Mr. Maher added. “Mark’s breadth of knowledge on municipal reform and restructuring complements our existing litigation, transaction and financial practices throughout the state.”

Mr. Kaufman commented: “California is unique laboratory for municipal reform – the state has enormous wealth and marketplace vitality, and is home to many of the country’s most profitable and innovative companies. But it’s also straining in many areas from job loss, corporate exodus, poor fiscal management and other problems that have squeezed many municipalities. I’m looking forward to working with local governments as well as investors and other key participants in the state’s tax-exempt arena in finding the best solutions to fiscal problems.”

He previously served as President of the Bankruptcy Section of the Atlanta Bar Association and is a former chair of Georgia’s Bankruptcy Bench and Bar Conference, as well as the Southeastern Bankruptcy Law Institute.

He earned his J.D. from Harvard Law School (1973) and his B.S. from Cornell University (1969).
McKenna’s San Francisco office, located in the city’s financial district, has more than 40 attorneys experienced in a wide range of practices, including real estate finance, business litigation, insurance coverage, product liability and toxic torts, environmental and energy law, intellectual property, unfair trade practices, product regulation and other areas.