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LAUNCH FIRM’S BUSINESS REORGANIZATION, BANKRUPTCY AND INSOLVENCY PRACTICE
CHICAGO, November 21, 2008 – Nationally recognized bankruptcy lawyers Neal Wolf and Jerry Munitz have joined the Chicago-based law firm Butler Rubin Saltarelli & Boyd LLP and will launch a Business Reorganization, Bankruptcy and Insolvency (BBRI) practice at the firm.
Earlier in their careers, Wolf and Munitz worked together at Winston & Strawn and will reunite their practice at Butler Rubin. Most recently Wolf was a partner at Katten Muchin and Munitz was of counsel at Goldberg Kohn.
“It is an honor to have attorneys of Neal’s and Jerry's caliber join our team. Both are nationally recognized as leaders in the field. In addition to adding a practice that we expect to be in demand, the BRBI practice will provide opportunities to grow and enhance our existing practice areas,” said named-partner Jim Rubin.
The move adds practice depth to Butler Rubin’s boutique law firm approach, allowing the firm to offer clients five specific areas of legal practice -- reinsurance, antitrust, products liability/mass tort, bankruptcy and complex business litigation.
Wolf will join Butler Rubin as a partner. He focuses his practice in the areas of bankruptcy, business reorganizations, workouts, and commercial litigation. His diverse insolvency and bankruptcy practice has involved the representation of secured and unsecured creditors, creditors’ committees, debtors, trustees, lessors, and purchasers of stock or assets of insolvent entities. He has represented VMS Realty in its $9 billion out of court workout and HA-LO Industries, Inc. in its Chapter 11 case. His creditors committee representations have included UNR Industries, Inc., the first of the asbestos disease driven bankruptcy cases. He represented an unofficial committee of thousands of claimants in the Chapter 11case involving pharmaceutical giant A.H. Robins, a case impelled by claims arising from the sale of the birth control device known as the Dalkon Shield. A graduate of Princeton University (1970), he received his law degree from the University of Chicago Law School in 1974.
Munitz serves as of counsel to the firm. His practice is focused exclusively on commercial insolvency law. He has represented financial institutions holding fully secured, undersecured and unsecured claims in out-of-court restructurings and chapter 11 cases. In addition, he has represented lessors of real and personal property, defendants in voidable transfer actions, and parties desiring to acquire the assets of financially distressed businesses. He formerly had extensive experience as debtor's counsel in such major chapter 11 cases as North American Car Corporation, AM International Inc., Pettibone Corporation, Kroh Brothers Inc. and the Kassuba entities. He and Wolf previously teamed up in the VMS and UNR cases. He is a graduate of the University of Michigan (1955), and received his law degree from the University of Chicago Law School in 1960.
Formed in 1980, Chicago-based Butler Rubin has established itself as a well-known litigation boutique assisting clients nationally and internationally in the core practice areas of reinsurance and commercial litigation, including antitrust, competition law and opt-out antitrust litigation; business reorganization, bankruptcy and insolvency; and products liability and mass tort matters.
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