Kathleen E. Schaaf

Senior Of Counsel

New York, (212) 336-4065

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Education

Trinity University (B.A., 1970)
;
St. John's University School of Law (J.D., 1977)

Practices

Business Restructuring + Insolvency

Insurance Litigation

Litigation

Bar Admissions

New York

Kathleen E. Schaaf is Senior Of Counsel in the Business Restructuring & Insolvency Group of the New York office of Morrison & Foerster LLP.

Ms. Schaaf’s practice is concentrated on insurance and reinsurance matters, including insolvency and regulatory issues. She regularly advises clients on reinsurance matters and represents them in reinsurance arbitrations. She has extensive experience working with clients in connection with UK solvent and insolvent schemes of arrangements and has represented solvent insurers in Chapter 15 recognition proceedings. Ms. Schaaf has been actively involved in proceedings related to the liquidation of a major property and casualty insurer. She also regularly counsels bankruptcy clients on insurance issues, particularly insurance insolvency and other regulatory issues.

Prior to joining to Morrison & Foerster, Ms. Schaaf was Senior Of Counsel in Lovells's New York office and a partner at Rosenman & Colin. Previously, she was a senior litigation consultant in the general counsel's office of a large property and casualty insurer, and an associate with a prominent international law firm.

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.

MF Global Holdings Ltd.

(Bankr. S.D.N.Y.) Counsel to Louis J. Freeh, former Federal Judge and former Director of the Federal Bureau of Investigation, as Chapter 11 Trustee for MF Global in its Chapter 11 bankruptcy proceeding. With $41 billion in assets at the time of filing, MF Global was the largest bankruptcy filing of 2011 and the eighth-largest in U.S. history. This case involves a wind-down of an extremely complex global operation and the realization of value from various entities in the MF Global Group, many of which are in their own administration or liquidation proceedings domestically and internationally.