Morrison & Foerster has been recognized for its role advising the Official Committee of Unsecured Creditors (UCC) of Murray Energy Holdings, Co., in the company’s recent restructuring. The Murray Energy restructuring was named a “2021 Mega Turnaround/Transaction of the Year” by the Turnaround Management Association (TMA).
TMA also recognized Lorenzo Marinuzzi, co-chair of the firm’s Business Restructuring & Insolvency Group, for his role in leading the MoFo team on this matter.
Murray Energy Holdings Co. was the largest privately owned coal company in the United States. It entered bankruptcy with more than $8 billion in debt. Murray emerged successfully in the fall of 2020 after a year-long process that concluded with a hard-fought settlement among the key stakeholders — including the UCC.
The TMA Turnaround and Transaction Awards, among the most prestigious recognitions in the industry, will be presented at the TMA Annual Conference in Nashville, and online, in October 2021.
You can view the full list of winners on the TMA’s website.