Anthony Princi

Partner

New York, (212) 468-8030

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Education

Fordham University (B.S., 1979)
;
Fordham University School of Law (J.D., 1982)

Practices

Business Restructuring + Insolvency

Bar Admissions

New York
England & Wales

“…excellent communication and understanding of the commercial and economic impacts of various legal outcomes…”
(Chambers USA 2013)

"...very strong creditor lawyer and a tough negotiator..."
(Legal 500 US 2012)

Anthony Princi is a partner in Morrison & Foerster's Business Restructuring & Insolvency Group. His practice is concentrated in debt capital markets and restructuring, and he has extensive experience in representing corporate debtors and secured and unsecured creditors' committees in cross-border bankruptcy proceedings and out-of-court restructurings. Mr. Princi regularly represents "special situations" investors in private debt and equity transactions. Mr. Princi also has extensive trial experience in securities and commercial litigation.

Mr. Princi is listed as a leading lawyer for Bankruptcy & Restructuring in Chambers USA 2013 where he is acclaimed for his “excellent communication and understanding of the commercial and economic impacts of various legal outcomes.” Mr. Princi is also recommended by The Legal 500 US for restructuring and bankruptcy, where he is noted as a “very strong creditor lawyer and tough negotiator.” He received his B.S. summa cum laude from Fordham University in 1979 and his J.D. from Fordham University School of Law in 1982.

Residential Capital, LLC

(Bankr. S.D.N.Y.) Counsel to Residential Capital, one of the largest residential real estate finance companies with assets and liabilities each in excess of $15 billion, whose business is comprised primarily of loan servicing and origination, and its subsidiary companies, in their pending chapter 11 cases. Residential Capital was the largest bankruptcy filing of 2012 and the case represents the first time ever that a mortgage servicer was able to successfully continue servicing and originating mortgages in bankruptcy and be sold as a going concern.

PMI Group, Inc.

(Bankr. D. Del.) Representation of the Official Committee of Unsecured Creditors of mortgage insurer PMI Group, Inc. in its Chapter 11 bankruptcy.

In re Ambac Financial Group, Inc.

(Bankr. S.D.N.Y.) Representation of the Official Committee of Unsecured Creditors in one of the largest Chapter 11 cases filed in 2010.

FGIC Corp.

(Bankr. S.D.N.Y.) Representation of the Official Committee of Unsecured Creditors of FGIC Corporation in its Chapter 11 bankruptcy case. FGIC had guarantied more than $300 billion of municipal and structured finance debt before the 2007 credit crisis.

Alfinsa Bienes Tangibles S.A.

Representation of the administrators of Alfinsa, on the sale by Alfinsa to Spectrum Group International (SGI) of 47% of the shares of SGI and 20% of the shares of an SGI subsidiary. Total consideration was approximately €51 million. Alfinsa was a Madrid-based investment house and stamp trading company closed by Spanish authorities following allegations that it engaged in a Ponzi scheme by trading worthless stamps. Listing over 4.2 billion in assets at the time of its 2006 bankruptcy filing, it represents one of the largest bankruptcies in Spanish history. SGI is a publicly-traded Fortune 500 trading and collectibles company based in the United States.