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Published on 1/5/2010 in the Prospect News Distressed Debt Daily.

Cadwalader promotes Friedman to partner in financial restructuring

By Susanna Moon

Chicago, Jan. 5 - Cadwalader, Wickersham & Taft LLP said it named Peter Friedman in financial restructuring as a partner of the firm in its Washington, D.C., office.

Friedman's practice focuses on representing major parties-in-interest in high stakes, complex financial restructurings, according to a company press release.

He was a senior member of Cadwalader's team in its successful representation of the presidential task force on the auto industry and the United States as secured lender and acquirer in the bankruptcy cases of General Motors and Chrysler. He was co-lead litigation counsel for the debtors in the Lyondell Chemical Co. case and its historic debtor-in-possession financing.

He also represented Northwest Airlines, Enron, WorldCom and other debtors in contested confirmation hearings and a wide variety of contested matters and adversary proceedings, and he represented the largest unsecured creditor in the Owens Corning bankruptcy and the official committee of equity security holders in the USG cases, according to a news release.

Friedman worked in the White House office of legislative affairs from 1994 to 1995 and was an aide to two counsels to the president. He was a law clerk from 1998 to 1999 to judge Joel M. Flaum of the U.S. Court of Appeals for the Seventh Circuit, and in 2000, served as acting legal adviser to the Cable Services Bureau of the Federal Communications Commission.

Friedman is a graduate of Northwestern University School of Law, and he received his undergraduate degree from Trinity College.


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