Jennifer Marines is partner in the Business Restructuring & Insolvency Group and co-chair of the firm’s finance department. Ms. Marines has experience representing chapter 11 debtors, creditors, investors, and other parties in interest in all aspects of complex corporate restructurings, including chapter 11 cases, out-of-court restructurings, and distressed acquisitions.
Ms. Marines' practice includes advising senior management and boards of directors of financially troubled companies with respect to restructuring and business operations in chapter 11; advising official committees of creditors with respect to restructuring strategies; negotiating and structuring financings and other commercial transactions; and advising clients seeking to purchase businesses and related assets out of chapter 11 proceedings.
Ms. Marines is recommended by Legal 500 US and was recognized as a “Next Generation Lawyer” for 2017 and 2018 in the area of corporate restructuring. She has been named a Bankruptcy Rising Star for 2016 and 2017 by Law360, as well as an Outstanding Young Restructuring Lawyer for 2016, 2017, 2018, and 2019 by Turnarounds & Workouts. Most recently, the American Bankruptcy Institute honored Ms. Marines as one of their 2018 “40 Under 40,” a list recognizing emerging leaders in insolvency practice.
Ms. Marines is a member of the New York City Bar’s Bankruptcy & Corporate Reorganization Committee and chairs the Women in Law subcommittee. She is also a member of the International Insolvency Institute’s NextGen Leadership Program; a board member of the Women in Law Empowerment Forum; a member of the Turnaround Management Association NextGen Committee; and a member of the steering committee of the Zaretsky Roundtable Program.
Ms. Marines served as a law clerk to the Honorable Robert D. Drain, United States Bankruptcy Judge for the Southern District of New York. She earned her J.D. cum laude from Brooklyn Law School.
In re Real Industry, Inc.(Bankr. D. Del.) Counsel to Real Industry, Inc., Real Alloy Recycling, Inc., and their affiliated debtors in their chapter 11 cases. Real Industry is a holding company with approximately one billion dollars in tax attributes. Real Alloy, a subsidiary of Real Industry, is a large-scale recycler of aluminum with operations throughout the United States, Canada, Mexico, and Europe. The debtors collectively filed for chapter 11 to restructure approximately $400 million in funded debt obligations and approximately $75 million in other obligations. In May 2018, Real Industry’s chapter 11 plan, which preserved its tax attributes, went effective and Real Alloy closed a sale of all its assets and operations, preserving 2,000 jobs and critical business relationships.
In re Armstrong Energy, Inc., et al.(Bankr. E.D. Mo.) Counsel to the official committee of unsecured creditors of leading coal producer Armstrong Energy, Inc. Armstrong Energy had over $410 million in prepetition obligations at the time of its filing. The case concluded with a plan of reorganization supported by the official committee that is expected to provide a significant recovery for general unsecured creditors.
In re Sungevity, Inc., et al.(Bankr. D. Del.) Counsel to Sungevity, Inc. and its affiliates in their chapter 11 cases. Prior to its 363 sale, Sungevity was one of the largest private residential solar installation companies in the United States. Sungevity filed for chapter 11 with approximately $185 million in prepetition debt, including funded debt, trade debt, and potential employee related claims.
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 Peabody Energy, Inc., et al.(Bankr. E.D. Mo.) Counsel to the official committee of unsecured creditors of Peabody Energy, the world’s largest privately owned coal producer, and 153 of its subsidiaries, which collectively held $10.1 billion in prepetition debt.
In re SunEdison, Inc., et al.(Bankr. S.D.N.Y.) Special counsel to the official committee of unsecured creditors in the chapter 11 cases of SunEdison, the world’s largest renewable energy developer.
In re Walter Energy Inc., et al.(Bankr. N.D. Ala.) Counsel to the official committee of unsecured creditors of Walter Energy, Inc. and its affiliates. Walter, a major producer of metallurgical coal, struggled as a result of the precipitous fall in the price of metallurgical coal in recent years and eventually was forced to seek bankruptcy protection in July 2015 in an effort to restructure its more than $3.1 billion in debt.
In re HOVENSA LLC(Bankr. D.V.I.) Counsel to HOVENSA LLC, once owner of one of the ten largest oil refineries in the world, in its chapter 11 case. At the time of its bankruptcy filing, HOVENSA had approximately $2 billion of prepetition indebtedness, exclusive of significant legacy liabilities primarily in the form of environmental obligations, pension obligations, and retiree benefits.
In re Patriot Coal Corporation, et al.(Bankr. E.D. Va.) Counsel to the official committee of unsecured creditors in the chapter 11 cases of Patriot Coal Corporation, a leading producer and marketer of metallurgical and thermal coal in the eastern U.S. with approximately 2,900 active employees at the time of filing, approximately $791 million in prepetition funded debt, and significant legacy liabilities (primarily in the form of retiree benefits, pension obligations, and environmental obligations).
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 Residential Capital, LLC, et al.(Bankr. S.D.N.Y.) Acted as counsel to Residential Capital and its affiliates, comprising one of the largest residential real estate finance companies at the time of its chapter 11 filing, with assets and liabilities each in excess of $15 billion. The debtors’ business was comprised primarily of loan servicing and origination. 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.
Ms. Marines is recommended by Legal 500 US and was recognized as a “Next Generation Lawyer” for 2017 and 2018 in the area of corporate restructuring. She has been named a Bankruptcy Rising Star for 2016 and 2017 by Law360, as well as an Outstanding Young Restructuring Lawyer for 2016, 2017, and 2018 by Turnarounds & Workouts. Most recently, the American Bankruptcy Institute honored Ms. Marines as one of their 2018 “40 Under 40,” a list recognizing emerging leaders in insolvency practice.
American Bankruptcy Institute 2018Named to “40 Under 40” List
Legal 500 US 2017 & 2018 “Next Generation Lawyer”
Turnarounds & Workouts 2016, 2017, 2018 & 2019Outstanding Young Restructuring Lawyer
Law 360 2016 & 2017Rising Star of Bankruptcy Bar
©1996-2019 Morrison & Foerster LLP. All rights reserved.