Hon. James M. Peck is global co-chair of Morrison & Foerster’s Business Restructuring & Insolvency Group and is based in the firm’s New York office.
Before joining Morrison & Foerster, former Judge Peck served as a United States Bankruptcy Judge for the Southern District of New York from 2006 to 2014. During his judicial service, former Judge Peck presided over the chapter 11 and SIPA cases of Lehman Brothers and its affiliates and a number of other major chapter 11 and chapter 15 cases.
As a judge, he has written multiple legal decisions that have helped to define the impact of the safe harbors on qualified financial contracts.
Former Judge Peck has extensive experience as a mediator of sophisticated commercial disputes. As mediator, he has brokered settlements in a number of high-profile cases, including American Airlines, Syms/Filenes, MF Global, General Motors, Residential Capital, Excel Maritime, Toisa Limited, and Mesabi Metallics.
Former Judge Peck belongs to a great many professional organizations and over the years has served in a variety of leadership roles. By invitation, he is a fellow of the American College of Bankruptcy and a member of the Panel of Recognized International Market Experts in Finance. From June 2016 to June 2017, he served as president of the International Insolvency Institute and remains active on its Executive Committee. Former Judge Peck served on the National Conference of Bankruptcy Judges Board of Governors and was judicial chair of the American Bankruptcy Institute's annual New York City Bankruptcy Conference.
Former Judge Peck was co-chair of the ABI's Advisory Committee on the Safe Harbors. He is a member of the Advisory Committee of the Asian Business Law Institute and is listed as a qualified member of mediation panels maintained by INSOL International, the Singapore Mediation Center, and the Singapore International Mediation Center and has been named to the Panel of Arbitrators for Financial Services Disputes of the Hong Kong International Arbitration Center.
Former Judge Peck has been retained on a number of occasions to furnish expert witness statements for submission to the High Court in London in relation to issues of New York law, comity, and the recognition of main and non-main insolvency proceedings. He is also a frequent speaker worldwide on insolvency issues, and has participated as keynote speaker and panel chair across the globe in conferences presented by numerous international organizations and law schools. These include INSOL International, the International Bar Association, INSOL Europe, and the National Conference of Bankruptcy Judges. He has authored articles published in the American Bankruptcy Institute Journal and International Insolvency and Restructuring Report and is an editor of a recently published book titled "The Art of the Ad Hoc."
Before his judicial appointment, former Judge Peck was in private practice for over 35 years, concentrating for much of that time on bankruptcy law, business reorganization, and creditors’ rights. He was a partner in the reorganization and finance section of Duane Morris LLP and co-head of the business reorganization department of Schulte Roth & Zabel LLP. He is recommended by Legal 500 US in the area of corporate restructuring.
In re Pacific Drilling S.A.(Bankr. S.D.N.Y.) Mediator in the chapter 11 cases of multinational offshore drilling operator Pacific Drilling S.A.
In re Toisa Limited(Bankr. S.D.N.Y.) Mediator in the chapter 11 cases of international shipping fleet owner and operator Toisa Limited.
In re Essar Steel Minnesota LLC(Bankr. D. Del.) Mediator in the chapter 11 cases of iron ore producer Mesabi Metallics Company LLC (f/k/a Essar Steel Minnesota LLC).
In re Maxus Energy Corporation (Bankr. D. Del). Counsel to Maxus Energy Corporation and four affiliated debtors in their chapter 11 cases, which addressed over $12 billion in claims, predominantly in connection with environmental liability relating to the country's largest superfund site—the Passaic River and related bodies of water. The Maxus chapter 11 cases concluded in July 2017 following confirmation of an innovative chapter 11 plan supported by over 99% of creditors.
In re Energy Future Holdings Corp., et al.(Bankr. D. Del.) Counsel to the official committee of TCEH unsecured creditors in the chapter 11 cases of Texas power company Energy Future Holdings Corp. and its affiliates, which filed for bankruptcy in April 2014. This is the 10th largest bankruptcy in U.S. history with the debtors holding approximately $40 billion in debt.
In re Maxus Energy Corporation(Bankr. D. Del.) Counsel to Maxus Energy Corporation and four affiliated debtors in their chapter 11 cases, which addressed over $12 billion in claims, predominantly in connection with environmental liability relating to the country's largest superfund site—the Passaic River and related bodies of water. The Maxus chapter 11 cases concluded in July 2017 following confirmation of an innovative chapter 11 plan supported by over 99% of creditors.
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