Loeb & Loeb LLP is pleased to announce that the firm has received the M&A Advisor’s 2014 “Cross-Border Restructuring Deal of the Year” award for transactions valued between $100 million and $1 billion. The firm was recognized for its role as counsel for legendary designer George Marciano and his family trust in connection with Marciano’s Chapter 11 bankruptcy.
Loeb & Loeb partner Bernard (Barney) R. Given II represented Marciano – one of the founders and owners of the international Guess Jeans brand – and his trust in the Chapter 11 proceeding in the Central District of California, and served as co-counsel in the insolvency proceeding in Canada, handling litigation, mediation and disposition of claims and assets in both jurisdictions. He successfully reached a global settlement with creditors in the United States and Canada amounting to over $100 million in claims. The representation included the sale of the 84-carat Chloe Diamond, one of the most significant privately held diamonds in the world.
The award will be presented at the M&A Advisor’s 8th Annual Turnaround Awards Gala, which will take place at the Distressed Investing Summit in Palm Beach, Fla., on March 11. The annual Turnaround Awards recognize the accomplishments of professionals and firms in distressed investing, restructuring and turnaround deal making.
Loeb & Loeb’s Bankruptcy, Restructuring and Creditors' Rights Practice represents clients’ interests in all aspects of federal and state bankruptcy, insolvency and creditors’ rights laws. The firm’s clients include creditors and debtors, committees and trustees, and the buyers and sellers of assets distressed assets.