Dealmakers of the Year

The American Lawyer selected restructuring partners Marc Kieselstein and Chad Husnick as 2016 Dealmakers of the Year, recognizing their work on Energy Future Holdings Corporation’s (EFH) Chapter 11, one of the largest Chapter 11 cases ever. The electricity provider had listed liabilities in excess of $49 billion and assets worth $36 billion spread across three separate business units.

Marc and Chad successfully reconciled multitudinous claims arising from competing creditors’ interests during bankruptcy proceedings — in addition to negotiating for the separation of the TCEH unit from Energy Future without triggering a cash liability estimated at $6 billion — enabling EFH to emerge from Chapter 11 unfettered, according to the feature in The American Lawyer.

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