Best of 2006 Southwest Bankruptcy Conference
Changing Roles in Commercial Cases: The Impact of Hedge Funds and Private Equity Funds on the Restructuring Landscape

Wednesday, February 7 at 3:00pm ET

Program Description:

This program will focus on new challenges as hedge funds, second lienholders and private equity funds become more prominent players in the process, as well as a discussion of the changes in the role of financial advisors. The program will also discuss the particular issues that are likely to arise with multiple levels of secured debt, how the new players are expected to act differently than typical banks and trade creditors, and how this will affect the process and the role of professionals.

Speaker Bios:

Peter M. Gilhuly is a partner at Latham & Watkins LLP in Los Angeles, where he is one of three partners on Latham & Watkins' Marketing Advisory Committee and is active in all aspects of the bankruptcy practice, representing debtors, creditors, creditors' committees and boards of directors. Most recently he has been of counsel to Comtel Investments LLC in the $82.1 million acquisition of VarTec Telecom and its subsidiaries out of bankruptcy in July 2005, IdeaSphere Inc. in its acquisition of the non-Ephedra assets of Metabolife International Inc. out of its chapter 11 case in November 2005, and EMI/Priority Records with respect to its claims against the rapper "Master P." Mr. Gilhuly has also represented Tivo Inc., Kendall Jackson, Network Appliance Inc. and TV Gateway LLC, among others. Mr. Gilhuly has been named in The Best Lawyers in America, The Best Lawyers: Bankruptcy and Creditor-Debtor Rights Law and as a "Super Lawyer" by Los Angeles Magazine. From 2002-06, Mr. Gilhuly served as the co-chair of ABI's Bankruptcy Battleground West Program.

Paul S. Aronzon is the executive vice president and head of the Restructuring Advisory Group at Imperial Capital in Los Angeles, where he has represented clients in some of the largest restructurings and corporate reorganizations in recent years, including EaglePicher Holdings Inc., Trump Casino Holdings LLC, Pacific Gas & Electric Co., Northwest Airlines and Delta Airlines, among others. Mr. Aronzon has represented domestic and international debtors, financial institutions, lender syndicates, public debt, committees of creditors and shareholders, and troubled companies and their assets. Prior to joining Imperial, he served as co-chair of the Financial Restructuring Group at Milbank, Tweed, Hadley & McCloy LLP. Mr. Aronzon is a fellow in the American College of Bankruptcy and a member of ABI. He received his B.A. from California State University Northridge and his J.D. from Southwestern University.

Susan M. Freeman is a partner in the Phoenix office of Lewis and Roca LLP, where she currently serves as the liquidating trustee of the Oregon Arena Corp. liquidating trust in Portland, Ore. Ms. Freeman has represented aircraft lessors in cases around the country, secured creditors including in the Crown Pacific cases, creditors' committees including in the MicroAge cases and debtors-in-possession including All Star Gas. She is also active in the field of civil appeals and has briefed more than 300 appeals in state and federal courts and served as a judge pro tem at the Arizona Court of Appeals. Ms. Freeman is a fellow and vice-president of the American College of Bankruptcy and a member of the American Law Institute, where she serves as an advisor for the Restatement of Law (Third) Restitution. She is the chair of the ABA Business Bankruptcy Committee's chapter 11 subcommittee, and has previously co-chaired the programs and publications subcommittee and chaired the subcommittee on professional ethics. Ms. Freeman has been a certified specialist in bankruptcy law since 1975 and has been included in The Best Lawyers in America since 1989, with listings in the categories of bankruptcy and appeals. She is also the author of Chapter 27 of Norton Bankruptcy Law & Practice on “Professional Responsibility in Bankruptcy Cases.” Ms. Freeman received her B.A. with distinction from Mount Holyoke College and her J.D. from New York University School of Law, where she was a Root-Tilden Scholar.

Eric D. Maloy is a senior vice president with Bank of America Business Capital in Dallas, where he is responsible for new business origination in Texas. Since joining Bank of America in 2002, Mr. Maloy has focused on delivering asset-based solutions and complementary banking and capital-markets products to large and middle-market companies in various stages of their economic life cycle – from heavy financial distress and bankruptcy to growth, acquisition and distribution financing. Prior to joining Bank of America, he worked as a public accountant with Ernst & Young. Mr. Maloy is a member of the Turnaround Management Association, Association for Corporate Growth and ABI. He received his B.A. from the University of Oklahoma and his M.B.A. from Southern Methodist University.

Steven R. Strom is a managing director with Jefferies & Co. Inc. in New York, where he handles the firm's Recapitalization and Restructuring Group. His transaction experience includes advising creditors, companies and buyers of assets in financial distress and chapter 11 situations. He has testified on valuation, asset sales, feasibility, projections and other plan issues in numerous cases. Prior to Jefferies, Mr. Strom was a managing director in the Restructuring Group at CIBC World Markets and Managing Director and co-head of the New York office of Chanin Capital Partners. He recently worked as financial advisor to confirm plans for bondholders in WCI Steel, Hollywood Casino Shreveport and Windsor Woodmont. Mr. Strom received his B.S. from Arizona State University, where he was awarded the Board of Regent's Academic Scholarship and the Financial Analyst Society Scholarship. He received his M.B.A. from the University of Michigan.