Montgomery McCracken Wins 2021 Large Company Turnaround/Transaction of the Year Award
October 19, 2021
Types : Press Releases
Montgomery McCracken is pleased to announce that it has been named a winner of the 2021 Large Company Turnaround/Transaction of the Year Award by the Turnaround Management Association (“TMA”) for our representation of the Official Committee of Unsecured Creditors in the Tuesday Morning Corp. bankruptcy. The Turnaround/Transaction Awards are chosen based on a rigorous peer-review process.
Tuesday Morning Corp. is a NASDAQ-listed retail chain of approximately 500 stores in 40 states.
The TMA Award, which recognized Edward L. Schnitzer, marks the third award that Montgomery McCracken’s Bankruptcy & Financial Restructuring Department has received for its representation in the Tuesday Morning Corp. Bankruptcy.
Schnitzer, along with Bankruptcy & Financial Restructuring attorneys David M. Banker and Gilbert R. Saydah, as counsel for the Official Committee of Unsecured Creditors, successfully secured confirmation of a plan of reorganization which paid all creditors 100% of what they are owed plus interest while preserving the on-going business as a trading partner for creditors and a myriad of jobs.
About the Turnaround Management Association
TMA is a diverse group of professionals in the turnaround, restructuring, and corporate health
space. Members include turnaround specialists, attorneys, accountants, advisors, liquidators, consultants, as well as academics, government employees, and members of the judiciary. Visit https://turnaround.org/ for more information.
About Montgomery McCracken
Montgomery McCracken is a full-service law firm with offices in Pennsylvania, New York, New Jersey and Delaware. The firm represents leading businesses, multinational corporations, nonprofit organizations, and individuals across a wide range of industries in bankruptcy and financial restructuring matters, complex litigation, intellectual property, corporate transactions, and challenging disputes. Follow the firm on Twitter at @MMWR_Law.
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