Sullivan & Worcester LLP Announces Acquisition of National Bankruptcy Group

Five Experienced Bankruptcy and Restructuring Attorneys Join Firm
S&W Press Release, March 15, 2010

Boston, MA – March 15, 2010 – Sullivan & Worcester LLP today announced that a five-member team led by Partners Richard Hiersteiner and Jeanne P. Darcey has joined the firm's Bankruptcy, Reorganization & Creditors’ Rights Group. These experienced lawyers will continue to serve their domestic and international clients, and help the firm address the increasing demand for services arising in the area of business bankruptcy, defaulted public debt, and out-of-court restructurings.

According to data released in early March by the Administrative Office of the U.S. Courts, business bankruptcy filings in 2009 were up 40 percent from 2008.

"With bankruptcy- and insolvency-related issues still clearly on the rise, this is a strategically important area for the firm,” said William J. Curry, Sullivan & Worcester’s co-managing partner. “The extensive national experience that Dick, Jeanne and their colleagues bring to Sullivan & Worcester adds new depth to, and complements, our firm's ability to provide comprehensive legal counsel to new and existing clients who are facing these difficult situations.”

Sullivan & Worcester’s new bankruptcy lawyers include:

Richard Hiersteiner, Partner
Dick Hiersteiner has over 30-years experience representing secured and unsecured creditors, lessors and lessees, holders of public and private debt and indenture trustees in all aspects of workouts, bankruptcy and reorganization and purchasers and sellers of distressed assets, including purchasers of assets out of bankruptcy. He also advises clients with respect to bankruptcy implications for commercial and financial transactions and structuring and litigation strategies. He was most recently a partner with Edwards Angell Palmer & Dodge LLP’s Restructuring & Insolvency Department.

He is also experienced in representing institutional investors in net-lease financing, leveraged leases of equipment, real estate mortgage financing, and secondary mortgage market transactions and financial derivatives. He received his J.D. from Harvard Law School and is a magna cum laude graduate of Williams College.

Jeanne P. Darcey, Partner
Jeanne Darcey has over 25-years experience representing debtors, secured and unsecured creditors, indenture trustees, and bondholders across the capital structure in workouts, out-of-court restructurings, liquidations, and Chapter 11 proceedings. She frequently advises clients concerning bankruptcy issues in structuring transactions, bankruptcy litigation and other strategies involving defaulted securities.

A former co-chair of Edwards Angell Palmer & Dodge LLP’s Restructuring & Insolvency Department, she is a frequent lecturer on bankruptcy issues. In October 2009, she spoke at the National Conference of Bankruptcy Judges on employee issues in bankruptcy. She received her J.D. from Suffolk University Law School and is a magna cum laude graduate of Boston College.

Amy A. Zuccarello, Associate
Amy practices in the areas of business restructuring, workouts and bankruptcy. Her experience includes the representation of creditors, including indenture trustees, lenders and landlords in complex debt restructurings and insolvency matters. Amy has extensive transactional experience in commercial aircraft transactions, including restructurings, aircraft sales and leases, and both public and private asset securitizations. She received her J.D., cum laude, from Boston College Law School and is a summa cum laude graduate of Boston University.

Judy A. Groves, Associate
Judy focuses her practice in the areas of bankruptcy and reorganizations, representing both secured and unsecured lenders as well as Chapter 11 debtors. She is also a qualified English Chartered Accountant and practiced for several years in the United Kingdom, where she lectured extensively on accounting and finance issues. She also served as a law clerk to the Honorable Carol J. Kenner of the U.S. Bankruptcy Court in Boston. Judy received her J.D., cum laude, from Boston College Law School and is a cum laude graduate of the University of Southampton in the United Kingdom.

Charlotte Bodell, Associate
Charlotte advises clients in the areas of bankruptcy, reorganization, workouts and finance. She received her J.D. from Suffolk University Law School and her B.S. from Northeastern University.

About Sullivan & Worcester LLP
Sullivan & Worcester LLP is a leading corporate law firm providing counsel to domestic and international clients ranging from Fortune 500 companies to emerging businesses. With more than 185 lawyers in Boston, New York and Washington, D.C., the firm offers services in a wide range of areas, including corporate finance, securities, litigation, mergers and acquisitions, tax, real estate, private equity and venture capital, bankruptcy, regulatory law, and employment and benefits. Sullivan & Worcester is also recognized for its representation of REITs and its deep expertise in mutual fund law. For more information please visit www.sandw.com.

Contact:
Leah Schloss
617-338-2448
lschloss@sandw.com