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Erez has played a prominent role in many of the largest and most complex chapter 11 restructurings across the country. Leading hedge funds and private equity firms rely on his extensive experience and business acumen to navigate through corporate reorganizations, liability management exercises and distressed investment opportunities. Known for his results-driven approach and strategic litigation prowess, Erez has guided official creditor committees, ad hoc groups of lenders and noteholders, and other clients to industry-acclaimed outcomes and in-court victories involving groundbreaking areas of the law.

The Legal 500 has named Erez among its nationally recommended lawyers in the area of bankruptcy and restructuring. Best Lawyers in America named Erez to its 2020 and 2021 editions as a nationally recommended lawyer in Bankruptcy and Creditor Debtor Rights and Insolvency and Reorganization Law.

Representative Matters

Some of Erez’s notable official creditors’ committee representations include the following: 

  • Aceto Corporation
  • Advanced Glassfiber Yarns I
  • Dayton Superior
  • EP Energy Corporation
  • Extraction Oil and Gas
  • Fieldwood Energy
  • Formica Corporation
  • Global Brands Group
  • K-V Pharmaceutical Company
  • LSC Communications
  • The McClatchy Company
  • Savient Pharmaceutical
  • Tropicana Entertainment Inc.

Other notable representations include:

  • Adelphia Communications Corporation (ad hoc committee of subordinated noteholders)
  • AES Eastern Energy, L.P. (ad hoc committee of holders of secured pass-through certificates)
  • American Gilsonite Company (DIP lenders and ad hoc committee of second lien noteholders)
  • AMF Bowling Worldwide, Inc. (ad hoc committee of first lien lenders)
  • Aquilex Holdings (ad hoc noteholder committee)
  • Brookstone I (DIP lenders and ad hoc noteholder committee)
  • Brookstone II (second lien notes indenture trustee)
  • Caesars Entertainment Operating Corporation (ad hoc committee of first lien lenders)
  • Calpine Corporation (ad hoc subordinated noteholder committee)
  • Caraustar Industries, Inc. (ad hoc noteholder committee)
  • Cenveo, Inc. (DIP lenders, ad hoc committee of first lien noteholders and exit lenders)
  • Chaparral Energy (ad hoc noteholder committee)
  • Deluxe Entertainment (DIP lenders, ad hoc committee of first lien lenders and exit lenders)
  • DynCorp International Inc. (ad hoc noteholder committee and new term loan lenders)
  • Eastman Kodak Company (FUJIFILM Corporation)
  • Enron (member of official creditors’ committee)
  • Fairpoint Communications (ad hoc noteholder committee)
  • FLYi (significant noteholder)
  • Great Atlantic & Pacific Tea Company II (majority PIK noteholder)
  • Harry & David (DIP lenders, ad hoc noteholder committee and backstop parties)
  • IAC/InterActiveCorp (ad hoc noteholder committee)
  • Industrias Unidas, S.A. de C.V. (significant trade creditor)
  • Interep (significant noteholder)
  • Interstate Bakeries I (substantial equity holder)
  • iPayment Holdings, Inc. (special committee of Board of Directors)
  • Keys Fitness (secured lender)
  • Lonestar Resources US Inc. (ad hoc noteholder committee)
  • Loral Space & Communications (largest noteholder)
  • Magnolia Energy (100% equity holder)
  • Memorial Production Partners LP (indenture trustee)
  • Mobile Energy (substantial noteholder)
  • Murray Metallurgical Coal Holdings (DIP lenders, takeback lenders)
  • Neenah Foundry (DIP lenders and ad hoc noteholder committee)
  • New Gulf Resources, LLC (DIP lenders and ad hoc noteholder committee)
  • NextWave Personal Communications, Inc. (substantial equity holder)
  • PG&E Corporation and Pacific Gas and Electric Company (DIP lender and exit lender)
  • Pliant I (ad hoc committee of first lien noteholders)
  • Seadrill Limited (ad hoc noteholder committee and commitment parties)
  • SFX Entertainment, Inc. (DIP lenders, foreign loan lenders and ad hoc noteholder committee)
  • Sonic Blue, Inc. (ad hoc noteholder committee)
  • Trump Entertainment Resorts (ad hoc committee of second lien noteholders and backstop parties)
  • Trump Entertainment Resorts (debtor)
  • Warren Resources, Inc. (ad hoc noteholder committee)

Honors & Awards

  • IFLR1000, 2020 “Deal of the Year: Banking and Finance” for Pacific Gas and Electric Company
  • Turnaround Management Association, 2020 Transaction of the Year: Large Company for Aceto Corporation
  • The Legal 500 United States
  • Best Lawyers in America

Speeches & Events

  • Speaker, “Attempted Hostile Takeovers in Bankruptcy: DBSD, Philadelphia Newspapers, MGM, Tribune,” 13th Annual New York City Bankruptcy Conference, American Bankruptcy Institute, May 6, 2011

Publications

  • Co-author, “District Court Affirms Momentive Ruling on Intercreditor Dispute,” Stroock Special Bulletin, December 17, 2018
  • Co-author, “Stroock Prevails in Subordination Dispute Over Post-Petition Interest,” Stroock Special Bulletin, September 9, 2013
  • Co-author, “Amended Bankruptcy Rule 2019 Goes into Effect,” Stroock Special Bulletin, December 7, 2011

Memberships

  • American Bankruptcy Institute
  • Turnaround Management Association

Admitted To Practice

New York

U.S. District Court, Southern District of New York; U.S. District Court, Eastern District of New York

Education

J.D., Benjamin N. Cardozo School of Law, Yeshiva University, 2000; Member, Cardozo Law Review

B.A., Yeshiva University, 1995