Fox Welcomes Paul J. Labov to Its Financial Restructuring and Bankruptcy Practice in New YorkFebruary 9, 2015 – Press Releases
Fox Rothschild LLP is pleased to welcome respected financial restructuring and bankruptcy partner Paul J. Labov to its New York office.
Labov represents a variety of stakeholders in chapter 11 bankruptcy proceedings, out of court restructurings and liquidations, including hedge funds, insurance companies, commercial banking institutions and trade creditors. In addition to transactional work - such as negotiating debtor-in-possession financing, claims trading and the purchase and sale of assets, Labov first chairs adversary proceedings and other litigation involving financial instruments in bankruptcy.
“We are excited to welcome Paul to our New York team,” said Yann Geron, a New York partner who serves as co-chair of the firm’s Financial Restructuring and Bankruptcy Practice. “His vast experience representing banking institutions, private equity and hedge funds and bondholders will be a valuable asset to our clients in New York and across the country.”
“We have welcomed several well-known partners to our national Financial Restructuring Practice recently,” said Brett A. Axelrod, who also serves as co-chair of Fox’s Financial Restructuring & Bankruptcy Department. “Paul joins Mette Kurth, who works in our Los Angeles office, and Jeffrey Cohen of our Denver office, to become a member of what Law360 ranked among ‘The 100 Law Firms With the Most Bankruptcy Partners.’”
Labov often counsels Fortune 100 companies in a variety of bankruptcy-related matters and represents Chapter 11 trustees, indenture trustees, lending institutions and debtors in all aspects of corporate debtors’ estates. He also represents state agencies in connection with Chapter 9 proceedings.
A sampling of Labov’s representative matters include:
- Represented a supplier of goods subject to product liability claims in excess of $150 million, which asserted contribution and indemnity claims against a Chapter 11 debtor-manufacturer, resulting in substantial reduction of liability to supplier.
- Represented a private equity fund in a matter involving the purchase of distressed debt in out-of-court workout and bankruptcy court proceedings.
- Assisted in litigation involving claims of fraud against several corporate entities by insiders, resulting in a settlement of more than $9 million.
Labov is involved with multiple legal organizations including the New York State Bar Association and the American Bankruptcy Institute.
He received his J.D. from Seton Hall University and his B.A. from George Washington University.
Prior to joining Fox Rothschild, Labov was a partner at Edwards Wildman Palmer LLP.