Sheppard Mullin Adds Prominent Bankruptcy Partner Lawrence Larose in New York

New York Continues Expansion With Veteran Municipality Insolvencies
and Workouts Practitioner

NEW YORK–(BUSINESS WIRE)–Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that
Lawrence A. Larose has joined the firm’s New York office as a partner in
the Finance and Bankruptcy practice group and as the leader of the
firm’s Municipal Restructuring Team. Larose joins from Norton Rose
Fulbright.

Larry brings decades of experience and an unmatched skillset
representing creditors in some of the largest municipal bankruptcies in
the country,” said Guy Halgren, chairman of Sheppard Mullin. “We are
making very strategic moves to build and further diversify our presence
in New York, and Larry’s arrival underscores that effort.”

We’ve seen municipal insolvencies and workouts on a gradual upward
trend in the last several years, and we expect this to continue as
municipalities increasingly need to restructure their bond debt,” said
Edward H. Tillinghast, III, partner and leader of the firm’s Finance and
Bankruptcy practice. “Larry’s deep experience in this area will be a
significant asset to our Finance and Bankruptcy practice in New York and
firmwide.”

Larose has represented major creditors in every major municipal
restructuring in recent memory, both in-court and out-of-court,
including the Chapter 9 cases of Detroit, Michigan, Jefferson County,
Alabama and Stockton, California, which are among the largest municipal
bankruptcies in US history. He also represented the City of San Juan,
Puerto Rico, contesting the Government Development Bank for Puerto
Rico’s restructuring proposals, and he is currently representing holders
of bonds issued by Puerto Rico. Additionally, he has represented major
creditors in out-of-court restructurings of municipal debt issued by
Harrisburg, Pennsylvania; Scranton, Pennsylvania; Woonsocket, Rhode
Island; Atlantic City, New Jersey; and Hartford, Connecticut.

In addition to his prominent municipal restructuring practice, Larose
represents corporate clients in sophisticated in-court and out-of-court
restructurings, including mergers and acquisitions and other financial
transactions. Much of his experience involves advising major financial
institutions, including investment banks, commercial banks, financial
guarantors and insurance companies. Among his most noteworthy cases,
Larose was lead counsel in the restructuring of MBIA Insurance Corp.,
the largest financial guaranty insurer in the world, and he represented
parties in the restructuring of Ambac Assurance Corp., Syncora
Guarantee, Inc. and Financial Guaranty Insurance Company.

Larose earned his J.D., magna cum laude, from Georgetown
University Law Center and his B.A., summa cum laude, from Tufts
University. Larose is consistently named a “Leading Lawyer” by Legal
500 U.S.
for his work in the municipal banking area, and in 2018, he
was inducted into the Legal 500 U.S. Hall of Fame for municipal
bankruptcy.

Sheppard Mullin has more than 100 attorneys based in its New York
office. In 2018, the New York office welcomed nearly 20 attorneys,
including a seven-attorney Real Estate group led by Peter Koffler. The
firm’s Finance and Bankruptcy practice includes more than 60 attorneys
firmwide.

About Sheppard Mullin’s Finance and Bankruptcy Practice

The firm’s Finance and Bankruptcy practice has been a key element of the
firm’s practice since its founding more than 80 years ago. Sheppard
Mullin has the resources to respond to the time sensitivity of financial
crises and the depth to provide whatever size team is required. As part
of a large, broad based commercial law firm, we are able to draw on all
of the resources necessary to solve the multidisciplinary problems
presented by business insolvencies, including telecommunications, real
estate, entertainment, intellectual property, tax, labor, securities,
and mergers and acquisitions.

About Sheppard, Mullin, Richter & Hampton LLP

Sheppard Mullin is a full-service Global 100 firm with more than 850
attorneys in 15 offices located in the United States, Europe and Asia.
Since 1927, industry-leading companies have turned to Sheppard Mullin to
handle corporate and technology matters, high-stakes litigation and
complex financial transactions. In the U.S., the firm’s clients include
more than half of the Fortune 100. For more information, please visit www.sheppardmullin.com.

Contacts

KARA EYER
(312) 499-0533

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