Morrison & Foerster adds Peck to business restructuring & insolvency

By Tali Rackner

Norfolk, Va., Feb. 19 - Morrison & Foerster announced that judge James M. Peck will join the firm as co-chair of its global business restructuring and insolvency group, effective March 3, according to a press release.

During his tenure as a U.S. bankruptcy judge for the Southern District of New York, Peck presided over the Chapter 11 and SIPA cases of Lehman Brothers and its affiliates, which collectively held about $600 billion of assets at the time of filing, constituting the largest bankruptcy filing in U.S. history.

Peck also presided over the Chapter 11 cases of Iridium, Quebecor, Charter Communications, Extended Stay Hotels and ION Media and the Chapter 15 case of Japan Airlines.

He also brokered settlements in cases involving American Airlines, Syms/Filenes, MF Global, General Motors Nova Scotia noteholders, Residential Capital and Excel Maritime.

"As a result of the increasing multinational nature of businesses and globalization of capital, in the last six years we have seen the most complex cross-border and domestic bankruptcy and insolvency matters in history," Morrison & Foerster chair Larren M. Nashelsky said in the release.

"Judge Peck's experiences presiding over some of these matters, including the Lehman Brothers Chapter 11 case, in addition to his experience acting as a mediator in others, such as Residential Capital and MF Global, will add a wealth of expertise to our practice."

Morrison & Foerster is a New York-based law firm.

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