PROMINENT RESTRUCTURING ATTORNEY JOINS MILBANK

Arrival of Craig Price further strengthens firm’s financial restructuring group

Milbank, Tweed, Hadley &McCloy LLP is pleased to announce that Craig M. Price has joined the firm as a Special Counsel in the Financial Restructuring Group. With more than 15 years of experience, Mr. Price has developed a formidable reputation on a broad range of complex restructuring and bankruptcy matters.

Mr. Price is a leading restructuring practitioner representing debtors, lenders, funds and borrowers in all aspects of financial restructuring, including chapter 11 cases and out-of-court restructurings. He also has significant experience representing banks, hedge funds and other financial institutions with respect to their distressed assets. Notable cases handled by Mr. Price include the chapter 11 cases of Lehman Brothers, American Airlines and MF Global.

“We are thrilled to welcome Craig to our team,” said Dennis Dunne, Practice Group Leader of Milbank’s Global Financial Restructuring Group and member of the Executive Committee. “As the current economic cycle continues to have periods of volatility, it is important for us to maintain our strong presence in the distressed arena. His stellar credentials complement our financial restructuring bench as well as our litigation capabilities.”

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Milbank’s Financial Restructuring Group is recognized as a market leader globally by Chambers, Legal 500 and Turnaround & Workouts. The firm is also consistently ranked as a leading firm on The American Lawyer’s “Bankruptcy Corporate Scorecard.”

“Milbank is recognized worldwide for its demonstrated leadership in Chapter 11 cases and corporate restructurings across a wide variety of industries. Milbank’s broad platform and strong culture coupled with its practice strength in financial restructuring make this an exciting opportunity for me,” said Mr. Price.

Mr. Price joins Milbank from Chapman and Cutler in New York. He received his law degree from Cornell Law School in 1999, where he was awarded the ABI Award for Excellence in Bankruptcy Law, and his B.A. from Vassar College in 1994.

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