In Re Kaiser - Elizabeth Warren Verified Statement by LegalInsurrection

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									                        IN THE UNITED STATES BANKRUPTCY COURT
                             FOR THE DISTRICT OF DELAWARE

In re:                                        Chapter 11

Kaiser Aluminum Corp., et al

                                              Case No:
Debtors.                                      02-10429 (JKF)
                                              (Jointly Administered)



         Pursuant to rule 2014(a) of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy

Rules"), Elizabeth Warren, being duly sworn, deposes and says:

                 I am a member of the bar of the States of Texas and New Jersey and I am the Leo

Gottlieb Professor of Law at the Harvard Law School. I maintain my office at Hauser 200,

Harvard Law School, Cambridge, MA 02138.

         2.        make this Statement pursuant to Bankruptcy Rule 2014 in support of the

Supplemental Application Pursuant to Federal Rule of Bankruptcy Procedure 2014(a) and

sections 327(a) And 103 of the Bankruptcy Code for the entry of an order, nunc pro tunc as of

February 25, 2002, authorizing the retention ofthe law firm of Caplin & Drysdale, Chartered

("Caplin & Drysdale"), as national counsel to the Official Committee of Asbestos Claimants

("Committee") and Professor Elizabeth Warren as special bankruptcy consultant to Caplin &
Drysdale ("Application"). The facts set forth in this Statement are personally known to me and,

if called as a witness, would testify thereto.

       3.      As set forth in my attached curriculum vitae, I have held academic teaching

appointments since 1978 and have published numerous articles and books in the field of

Bankruptcy Law      My experience in the bankruptcy field reaches across a broad range of topics

and issues, as follows:

       4.      I began work on mass tort bankruptcies in the early 1980s when I started teaching

mass tort bankruptcies in my bankruptcy classes and advanced seminars at the University of

Texas. In 1984, wrote the initial drafts of a chapter on mass tort bankruptcies for my casebook

with Professor Westbrook, The Law ofDebtors and Creditors (Little Brown 1985).           taught that

chapter and continued to research and update the materials contained in it for the next sixteen

years. The latest edition of the casebook, The Law ofDebtors and Creditors (41h edition Aspen

2001 ), includes sections dealing with mass tort bankruptcies, future claims, conflicts among

claimant classes, and a several other issues that arise with special force in asbestos bankruptcies.

               In the late 1980s and early 1990s, I helped design and implement judicial

education programs dealing with mass tort bankruptcies. I served for nine years on the Federal

Judicial Center's Bankruptcy Education Committee. Many of the Federal Judicial Center

programs in those years included a section on issues relevant to mass tort bankruptcies. There

was also at least one invitation-only program specifically developed to deal exclusively with

mass tort bankruptcies.   served on the planning committee for each of these programs.

attended many of the programs and spoke at several ofthem on a wide range oftopics, including

mass tort bankruptcies.

          6.        In the early 1990s, I worked as a member ofthe National Bankruptcy Conference

on its Code Review Project on the bankruptcy system. My specific assignment was to develop a

recommendation to Congress on how to deal with mass tort bankruptcies. I wrote several drafts

ofthat report, with the thoughtful advice and suggestions ofthe Mass Tort committee of the

NBC. I presented the report to the Conference, leading a discussion and modifying the

recommendations based on that discussion. Twice I returned to the Conference at its annual

meetings with modified versions. The Conference finally adopted the third report. That report

was published in the Conference's recommendations to Congress in The National Bankruptcy

Conference, REFORMING THE BANKRUPTCY CODE, Future Claims 281 (Final Report May 1

 994). The mass tort recommendations were revisited by the Conference after section 524(g)

was added to the Bankruptcy Code in 1994.           continued to lead discussions in the Conference

about the future claims issues. The National Bankruptcy Conference's second comprehensive

recommendation to Congress, REFORMING THE BANKRUPTCY CODE, Future Claims 33 (Final

Report May 1, 1997), included the future claims recommendations developed by my committee

and endorsed by the Conference.

                    In 1993 and 1994 when Congress was considering amending the Bankruptcy

Code to deal with mass tort bankruptcies, I provided assistance to various Congressional staff

people.        tried to help them understand the issues involved and to evaluate the various statutory

proposals as they arose.

          8.        In 1994, Congress established the National Bankruptcy Review Commission. At

the time the Commission was formed, mass tort bankruptcies were chief among the items on its

agenda. Congress had recently passed 11 U.S.C. § 524(g) dealing with mass tort problems

exclusively in the asbestos industry, but several people in Congress hoped that the Commission

would develop a more comprehensive approach to replace that section. In 1995, Congressman

Mike Synar was appointed to lead the Commission. When Congressman Synar asked me to be

the Adviser to the Commission, he specifically asked if I would develop proposals and write a

report for the Commission on mass tort bankruptcies. I agreed. When the Commission formed

working groups, I assisted the mass tort group, supervised the research on the subject, developed

an agenda to consider mass tort issues, prepared a number of position papers, invited witnesses

and participants to Commission meetings, and helped craft a proposal that was ultimately

adopted unanimously by the Commissioners. That report is now published as part of the


COMMISSION, Treatment ofMass Future Claims in Bankruptcy 2            1 (October 20, 1997).

       9.      In the past few years, I have continued my academic research on mass tort

bankruptcies. I gave an address, for example, in 1999 at the Manhattan Institute on the

connection between bankruptcy and mass tort reform. The Institute asked for permission to

publish those remarks. In 1993, I organized and moderated a conference that brought together

academics, judges, and practitioners at the University of Pennsylvania on the subject of mass

torts and bankruptcy In 1995, I spoke at the Federal Reserve Bank in Philadelphia about mass

tort bankruptcies. From 1995 through 2000, I have taught the subject of mass tort bankruptcies

at Harvard's Practicing Law Institute as part of the course on Business Bankruptcy. I have

taught the issues related to mass tort bankruptcies in my advanced Chapter 1 seminars at the

University ofTexas, the University ofPennsylvania and the University of Texas. At Harvard

Law School I have supervised senior honors theses and master's theses on mass torts in

bankruptcy. Each time I have spoken or supervised a student, have reviewed the published

cases and scholarly literature on mass tort bankruptcies.

        10.    Moreover, every year since 1983, I have given a lecture at the University of Texas

n the annual bankruptcy program. My topic, shared with Professor Jay Westbrook, has always

been, "Recent Developments." To prepare for this, I read the even-numbered volumes of the

bankruptcy reporter that have been published during the year while Professor Westbrook reads

the odd-number volumes. We both write squibs on interesting cases, and then write on four or

five topics each in greater detail. Those longer pieces become the basis for an oral presentation

as well. In several of those years, I have spoken on one or another topics related to mass tort

bankruptcies. Both the squibs and the extended discussions are published each year by the CLE

program sponsors.

               In addition to these academic and legislative activities, have consulted with a

number of companies on mass tort issues. I served in an advisory capacity to Dow Chemical, the

parent company ofDow Coming, in the early days of the Dow Coming bankruptcy I have

assisted the Johns Manville 'rust and the National Gypsum Trust in appellate litigation. I have

been an expert witness on behalf of the National Gypsum Trust and the Fuller Austin trust.

These trusts were formed as part ofthe confirmation of a plan of reorganization in mass tort

asbestos bankruptcies. I have assisted in the preparation for petitions for certiorari to the United

States Supreme Court in two cases involving future claims, one in an environmental context and

one in an employee liability context. I have argued a case on behalf of Fairchild Aviation, an

airplane manufacturer facing future claims liability. I have filed an amicus brief in future claims

litigation involving Piper Aircraft.

        12.    In addition, I am working with Caplin & Drysdale as a consultant in Chapter 11

proceedings involving the Babcock & Wilcox Company, Pittsburgh Coming Corporation, Owens

Coming Corporation, Armstrong World Industries, Inc., W.R. Grace & Company, G-1 Holdings,

Inc., United States Gypsum Corporation, Federal-Mogul Global, Inc. and North American

Refractories Company.

       13      Based on all of the above. I am unaware ofhaving any connection with Kaiser

Aluminum Corporation. et al., their creditors, the United States Trustee, or any other party, or

their respective attorneys or accountants.

       14.     Further, as stated in the Application,   will not be a member, associate or of

counsel to the firm of Caplin & Drysdale. Harvard Law School expressly prohibits faculty

members from forming such relationships. The law school policy is unambiguous: 'Faculty

members should not be partners in law firms or be held out as 'of counsel'... Harvard Law

School, Faculty Manual2001-2002 (August 1, 2001). I believe this policy is fairly standard in

law schools throughout the country, although it is not strictly enforced at all schools. It is,

however, strictly enforced at Harvard Law School.

       15        do not share any compensation with Harvard Law School or Harvard University

that I receive when I consult. Neither Harvard Law School nor Harvard University have any

financial interest of any kind in my employment. Harvard University understands that faculty

members may participate in a broad range of outside activities, and it specifically acknowledges

the benefits that consulting and advising may produce. See Appendix A, Harvard Law School

Guidelines for Reporting. The university also understands that faculty will be compensated for

such work. It asks for no part of the compensation received, but instead imposes a limit on the

amount of time that faculty members may spend in such consulting activities. See Appendix A.

       16.     In addition, Harvard University limits the time each faculty member spends on

outside activities to twenty percent of a faculty member's total professional effort. See Appendix

A. The University requires that each faculty member report annually the time spent on outside

activities. Outside activities requiring reporting include litigation and litigation related   activitie~

advising, consulting, counseling, lectures and conferences, and commissioned research While

-Iarvard University has extensive rules governing the reporting of outside activities, it asks for no

information of any kind about the identity of those with whom a faculty member consults or on

whose behalf such work is undertaken. Reporting forms have only the time spent and the type 01

activity; there is no space available to report the identities of any ofthe involved parties. I have

made no disclosures to Harvard University or Harvard Law School about my outside activities

other than the time spent, and I expect to make no such disclosures in the future.

        17.    I am an employee ofHarvard University; my compensation is fixed by Harvard

Jaw School.     do not share in any way in the proceeds or receipts of Harvard University or

Harvard Law School. I do not represent Harvard University or Harvard Law School as counsel

With the exception of a few private donors whom I know personally and what I occasionally read

in the newspapers, do not know who donates to Harvard University or Harvard Law School. I

do not know what companies are included within Harvard University's investment portfolio.

have no information to suggest that Kaiser Aluminum Corporation or any of its affiliates is one

of Harvard University's donors or in Harvard University's investment portfolio.

        18.    Subject to the Court's approval, my hourly rate in this case will be $675. My

customary billing rate is $700. I have been working, writing, teaching, lecturing, and consulting

in the bankruptcy field for twenty-two years. My fee is commensurate with other professionals

of similar experience.   do not share in partnership profits. I sharply limit the time I spend on

paid consultation, spending the remainder of my time either on my university work or on

uncompensated writing, research, lecturing and various pro bono activities.
        19.    I will maintain strict billing records to account for time spend in the service of the

Committee in these proceedings. When I undertake any work at the request of Caplin &

Drysdale, I will ask for the name of the committee on whose behalf will be working, and I will

keep records accordingly that will distinguish such time and work from any other case or matter

upon which I work, including but not limited to the other asbestos-related bankruptcies on which

I am working with Caplin & Drysdale. To facilitate the administrative process and to minimize

the my administrative time, in light of my limited role, Caplin & Drysdale will incorporate my

time entries in its billing statement and will bill for my services as part of the Caplin &

Drysdale's monthly and quarterly fee applications.

        20.    It is anticipated that I will provide very limited services in this Bankruptcy Case.

In general, my billable hours will not exceed ten hours per month and usually will be

significantly less. I will work with Caplin & Drysdale as a consultant in this bankruptcy case

providing advice and guidance to the Committee through the Caplin & Drysdale firm, as well as

to the other asbestos-related bankruptcy cases in which Caplin & Drysdale is counsel to the

committees representing asbestos personal injury claimants. Generally, wilJ focus my efforts in

assisting Caplin & Drysdale with respect to the Plan of Reorganization process. I may, however,

be consulted by Caplin & Drysdale on other technical issues that may arise in the course of the

case.   will not be involved in the day-to-day administration of the case.

        21.    In accordance with section 504 of the Bankruptcy Code and rule 2016(b) of the

Bankruptcy Rules, no division of compensation has been or will be made by Caplin & Drysdale

and me.

        22.      have not entered into any agreements, express or implied, with any other party in

interest, including the Debtors, attorneys for the Debtors, any creditor, or any attorney for such

party in interest for compensation to be paid from the assets of the estate rendered in connection

with this case in excess of the compensation allowed by law

       WHEREFORE, respectfully request that this Court enter the order filed concurrently

herewith authorizing the employment nunc pro tunc effective as of February 25, 2002, of Caplin

& Drysdale as national counsel to the Committee and Professor Elizabeth Warren as special

bankruptcy consultant to Caplin & Drysdale.

                                                         Elizabeth Warren

SWORN to and subscribed before me

August 2001

                              ELIZABETH WARREN
                              Leo Gottlieb Professor of Law
                                  Harvard Law School

Academic Appointments

      Harvard Law School. 1995-present: Lc.o Gottlieb Professor ofLaw; 1992-93: Robert
      Braucher Visiting Professor of Commercial Law.

      The University of Pennsylvania Law School. 1990-1995: William A Schnader Professor
      of Commercial Law; 1987-1990: Professor of Law.

      The University of Texas School of Law. 1986-87: Jay H. Brown Centennial Fellow in
      Law; 1983-1987: Professor ofLaw. 1985-86: Conoco Faculty Fellow in Law; 1981-82:
      Visiting Associate Professor of Law.

      The University of Texas at Austin. 1983-87: Research Associate, Population Research

      The University of Houston Law Center. 1981-83: Associate Professor of Law; 1978-80:
      Assistant Professor of Law; 1980-81: Associate Dean for Academic Affairs.

      The University of Michigan. 1985: Visiting Professor of Law

      Rutgers School of Law (Newark). 1977-78: Lecturer in Law

Teaching Fields

      Contracts, Secured Lending~ Bankruptcy, Payment Systems, Commercial Paper,
      Regulated Industries, Corporations, Partnerships, Banking Regulation.


      J.D. Rutgers-Newark, 1976
      B.S. University ofHouston, 1970
Pu blicatioos

       BANKRUPTCY AND REVISED ARTTCI.E 9 (Aspen      Law & Business 2001)

       (With Sullivan and Westbrook) THe FRAGILE MIDDLE CLASS: AMERICANS IN DEBT
       (Yale University Press 2000).

       (With Westbrook) THE LAW OF DEBTORS AND CREDITORS (Little, Brown &Co. 1986).
       AND CREDITORS (Little, Brown & Co. 2d cd. 1991, 2"d ed. 1991, Aspen 3rd ed. 1996, 4 1
       ed. 2001 ).

       Brown & Co. 1986, 2"4 ed. 1991, Aspen 3fd ed. 1996, 4 1h ed. 2001 ).

       (With LoPucki) SECURED TRANSACTIONS: A SYSTEMS APPROACH (Little, Brown & Co.
       1995, Aspen 2d. Ed. 1998, 3d ed. 2000).

       (Little, Brown & Co. 1995, Aspen 2d. ed. 1998, 3d. ed. 1998, 3d. ed. 2000).

       (With LoPucki, Keating, Mann) COMMERCIAL LAW : A SYSTEMS APPROACH (Little,
       Brown & Co. 1998).

       APPROACH (Little Brown & Co. 1998).


       BUSINESS BANKRUPTCY (Federal Judicial Center 1993).

       (With Sullivan and Westbrook) AS WE FORGIVE OUR D EBTORS: CONSUMER CREDIT AND
       BANKRUPTCY IN AMERICA (Oxford University Press     1989).

       Book Chapters

       Evaluate the Present and Shape the Furure, in THE DEVELOPMENT OF BANKRUPTCY &
       (Matthew Bender 1995).

       (With Sullivan and Westbrook) Bankruptcy and the Family, in FAMIUES AND LAW (L.
       Macintyre, M . Sussman eds. Haworth Press 1995).


REASONS FOR THEIR FAILURES (Small Business Administration) (September 1998).

Academic Journs.Js

(With Sullivan and Westbrook) '1Une Prosperite PrecaireSur les situations flnancieres
critiques dans la classe moyenne," 138 Actes de la Recherche en Sciences Sociales 19·
33 (Juin 2001) (abstracts in French, English, German, and Spanish).

(With Jacoby and Sullivan) Rethinking the Debates over Health. Care Financing:
Rvidencefrom the BanJ...ruptcy Courts, 76 NEw YoRK UNlVF.RSlTY LAW REVIEW 375
(2001 ).

(With Jacoby and Sullivan) Medical Problems and Bankruptcy Filings, NoRTON

(With Westbrook) Financial Characteristics ofBusinesses in Banlrruptcy, 73 AMERICAN

The Changing Politics ofAmerican Bankrupu.y Reform, 37 OSGOODE HALL LAW
JouRNAL 189 (Symposium Spring/Summer 1999).

(With Sullivan) The Changing Demographics of Bankruptcy, NORTON BANKRUPTCY
LAW ADVISOR   1 (October 1999).

(With Sullivan) More Women in Banln·uptcy, American Banl'1Uptcy Institute Joumal
(July 30, 1999).

(With Sullivan) Women in Bankruptcy, American Banlcruptcy Institute .Toumal (July 13,

(With Westbrook) The Business Ban/..:ruptcy Project: The Work in Progress, 72

The BanJ..Tuptcy Crisis, 731NDIANA LAW JOURNAL 1079 (Harris (1998).

(With Sullivan and Westbrook) From Golden Years to Bankrupt Years, NORTON

Al/aking Policy with Impe1fecl Information: The Article 9 Full Priority Debates, 82
CORNELL LAW REVIEW      101(1998).

A Principled Approach to Consumer Ban/...7uptcy, 71 AMERICAN BANKRUPTCY LAW
JOURNAL483 (1997).

Academic Journals, cont.

      (With Sullivan and Westbrook) America's Banlo·uptcy Dichotomy: A Study of
      Alleged Ahuse and Local Legal Culture, 20 JOURNAL OF CONSUMER POLICY 223 (Ian
      Ramsey, ed., Great Britain).

      A Basic Bankruptcy Conceptfor Consumer Banlrruptcy, 51 CONSUMER FINANCE LAW
      QUARTERLY REPORT 3 (Winter 1997).

      An Article 9 Set Aside for Unsecured Creditors, 51 CONSUMER FINANCE LAW
      QUARTERLY REPORT 323 (Fall 1997).

      Article 9 Set Aside for Unsecured Creditors, UCC BUU.F.'T'TN (1 October 1996).

      (With Sullivan and Westbrook) Bankruptcy and the Family, 21 MARRIAGE & FAMILY
      REVIEW 193 (1995).

      (With Westbrook) Searching for Reorganization Realities, 72 WASHINGTON UNIVERSITY
      LAW QUARTERLY 3001 (1994) (symposium issue).

      (With Sullivan and Westbrook) The Persistence ofLocal Legal Culture: Twenty Years of
      Evidettcefrom the Bankruptcy Courts, 17 HARVARD JOURNAL OP LAW & PUBLIC POLICY
       801 (1994).

      (With Sullivan and Westbrook) Consumer Debtors Ten Years Later: A Financial
      Comparison ofConswner Bankrupts 1981-91,68 AMERICAN BANKRUPTCY LAW
      JOURNAL 121 (1994).

      Further Reconsideration: A Comment on Baird's Article 9 Reconsidered, 80 VIRGINIA
      LAW REVIEW 2301 (1994) (symposiwn issue).

      Banknlptcy Policymaking in an Imperfect World, 92 MICHIGAN LAW REVIEW 336 (1992).

       (With Sullivan and Westbrook) Baby Boomers and the Bankruptcy Boom, NORTON
       BANKRUPTCY LAW ADVISOR l(April1993).

       171e Untenable Case For Repeal of Chapter 11, 102 YALE LAW JOURNAL 437 (1992).

       Why Have a Federal Bankruptcy System?, 77 CORNELl.. LAW REVIEW 2401 (1992).

       A T1zeory ofAbsolute Priority, 1991 NEW YORK UNIVERSITY ANNUAL SURVEY OF
       AMERICAN LAW 9.

A endemic Journals~ cont.

Absolute Priority, New Value, and 17zeories of Bankruptcy, 1990 N.C.B.J. 1125 (1990).

(With Sultivan and Westbrook) Laws, Atfodels, and Real People, 13 LAW AND SOCIA
INQUIRY 661 (1988).

Legal Realism: Commenta1y, 1988 NEW YORK UNIVERSITY ANNUAL SURVEY OF
AMERICAN LAW 49 (1988).

Bankruptcy Policy, 54 UNIVERSITY 01~ CHICAGO LAW REVIEW 775 (J 987); reprinted in
eds. Cambridge University Press (1994) and reprinted in Company Law (S. \Vheeler, ed.
Dartmouth Publishing United Kingdom 1993).

(With Sullivan and Westbrook) The Role ofEmpirical Data in Formulating a National
Bankruptcy Policy, 50 LAW AND CONTEMPORARY PROBLEMS 195 (1987).

(With Sullivru1 and Westbrook) Folklore and FacLs: A Prelimina1y Report from The
Consumer Bankruptcy Project, 60 AMERlCAN BANKRUPTCY LAW JOURNAL 293 ( 1986).

(With Sullivan and Westbrook) Rejoinder: Limiting Access co Banb·uptcy Discharge,

Reducing Bankruptcy Protection for Consumers: A Response, 72 GEORGETO'WN LAW
JoURNAL 1333 (1984).

(With Sullivan and Westbrook) Limiting Access to Bankruptcy Discharge: An Analysis of
the Creditors' Data, 1983 WISCONSIN LAW REVIEW 1091.

Formal and Operative Rules Under Common Law and Code, 32 UCLA LAW REVIEW
898 (1983).

Trade Usage and Parties in the Trade: An Economic RatioHale for an Inflexible Rule, 42

Regulated Industries' Automatic Cost of Service Adjustme11t Clauses: Do They I11crease
or Decrease Cost to the Consumer?, 55 NOTRE DAME LAWYP.R 333 (1980).

Tax Accounting in Regulated Industries: Limitations on Rate Base Exclusions, 31
Academic Journals, cont.

Busing-Supreme Courr Restricts Equity Powers of District Courts to Order Jnterschool
Busing, 28 RUTGERS LAW REVIEW 1225 (1975)(STUDENT WORK).

Other Publications

Anti-Women Bankruptcy Bill May Be Veto-Proof, 'Women's Enews (December 14, 2000)

Commentary: Don't Link Bankruptcy, Domestic Violence Bills, Women's Enews
(October 4, 2000)

"Homeowners in Banlauptcy: The Hidden Costs of Predatory Lending," testimony before
the Predatory Lending Joint Task Force of the Department of Housing and Urban
Development, May 25, 2000.

Banh·uptcy Reform Targets the Little Guy, Star Ledger, Perspectives (February 2, 2000).

The New Women's Issue: BanJ.cruptcy Law, Christian Science Monitor (September 10,

Banlo"Upt? Pay Your Child Support First, New York Times A19 (April27, 1998).

"Bankruptcy Refonn," testimony before the Joint Hearing ofthe Subcommittee on
Administrative Oversight and the courts and the Subcommittee of the Commerc1a.l and
Adminlstrative Law, March 11, 1999.

In Serious Jeopardy: Lies v. Unadulterated Statistics Muddle Bankroptcy Reform,
Chicago Tribune 21 (March 19, 1998).

How I Write, 4 SCRIBES JOURNAL OF LEGAL WRITING 71 (Symposium Issue) (1994).


"Consumer Credit Industry," testimony before the House of Representatives Com.mittee
on Banking and Coinage, Subcorrunittee on Consumer Affairs, Hearings published in
Congressional Record and Committee Hearings Report, September 10, 1992.

Small Business and Big Trouble, 2 TURNAROUNDS AND WORKOUTS 3 (Survey of
Consumer Banlcruptcics Issue) (July 15, 1992).

     Other Publications, cont.

     Bankruptcy is a Better Altemative, (opinion piece) NATIONAL LAW JOURNAt (April 20,

     (With Sullivan and Westbrook) What We Really Said About Chapler 13, 5 NATIONAL

     "The Bankruptcy Code and Individual Debtors," testimony before the Sena.le Judiciary
     Committee, Subcommittee on Courts and Administrative Practices, Hearings published in
     Congressional Record and Committee Hearings Report, July, 1991.

     Book Review, The Law of Letters of Credit: Commercial and Standby Credits, 48 TEXAS
     BAR JOURNAL 216 (1985).

     LENDING OFFICERS MANUAL (Revision) (for Texas Bankers Association 1984).

     (With Sullivan and Westbrook) Ban!o-uptcy Judges and Banla·uptcy Lawyers, 79TH

     (With Sullivan and Westbrook) "Consumer Choices in Bankruptcy: Statutory Inte1:1tions
     and Statutory Consequences," listed as Funded Proposal #831 0193, National Science
     Foundation Archives (1983) (published grant application).

     (With Sullivan and Westbrook) American Consumer BanJ..ntptcy Law: 'ff'11o is Served?,
     781h Annual Meeting of the American Sociological Association (1983).

     Regulatory Lag Fallacy, 106 PUBLIC UTILITIES FORTNTGHTLY 15 (August 14, 1980).

Honors and Awards

     Champion of Consumer Rights Award, National Association of Consumer Bankruptcy
     Attorneys, April27, 2000

     Scholarship Award, American College of Consumer Financial Services Lawyers (for THE
     FRAGILE MIDDLE CLASS), March 24, 2000

      Outstanding Bankrupzcy Academics, Turnarounds & Workouts (July 1999, July 2000)

      Brown A·ward for Judicial Scholarship and Education, Federal Judicial Center ( 1998)

      CommendationjoJ· Service, American Banlauptcy Board of Certification (1998)

Honors and Awards, cont.

      Fifty Most lnflu.ential Women Attorneys, National Law Journal (March 30, 1998)

      Commendation/or Outstanding Public Service, American College of Bankruptcy (March
      14, 1998)

      The Alben A. Sacks-Paul A. Freund Award for Teaching Excellence, Harvard La.w
      School, .Tune 1997

      Top BanJ..:roptcy Lairyers, Inaugural List, Turnarounds & Workouts, 1997

      The Lindback Award for Distinguished Teaching, University of Pennsylvania, May, 1994

      Fellow, American College ofBankruptcy, elected 1993

      Finalist, Distinguished Scholarly Publication Award of the American Sociological
      Association, 1989-1992, for As We Forgive Our Debtors

      Silver Gavel Award (for THE FRAGTT..E MIDDLE CLAS~), American Bar Association, 1990.

      Harvey Levitt Award for Excellence in Teaching, University ofPeJIDsylvania Schoo.! of
      Law, 1989, 1992

      L. Hart Wright Teaching Excellence Award, University of Michigan School of Law, 1986

      Frankel Publication Award for Outstanding Writing, 1982

      Outstanding Teacher Award, University ofHouston Law Center, 1981

Competitive Grants

             Robert Wood Johnson Foundation, Research Grant for Empirical Study entitled
             "Medical Bankruptcy: A Study of Financially Catastrophic lllness."

             Ford Foundation, Research Grant for Empirical Study entitled "Homeownership
             and Financial Distress: The Interplay of Tax, Real Estate and Bankruptcy Laws."

      1994- National Bankruptcy Conference, Research Grant for Empirical Study of
      1998 Business Bankruptcy.

Competitive Grants, cont.

      1993- National Conference ofBanlcruptcy Judges, Empirical Study of Business
      1998    Bankruptcy.

              Scholar in Residence, Rockefeller Foundation, Bellagio, Italy.

      1995- Small Business Administration, Research Grant for Empirical Study on Small
      1998 Business Failure.

              Moller Research Chair in Bankruptcy Law and Policy.

              Research Foundation, University ofPennsylvan1a.

              National Conference of Bankruptcy Judges, Empirical Study of Consumer

              P11blic Policy Research Initiative, University of Pennsylvania.

              Jolm M. Olin Foundation, Institute for Law and Economics, University of

              Policy Research Institute, Economic and Political Institutions Grant.

              American Bar Foundation, Meyer Research Grant.

              National Institute of Child Health and Human Development, HD #06160-15.

       1984- National Science Foundation, GrantNo. SES 8310173.
       1986 "Consumer Choices in Banl-ruptcy: Statutory Intentions and Statutory

       1985- Texas Bar Foundation, Grant for Research on Banlauptcy Demographics Grant.

              Policy Research Institute, Grant No. 30-3239-4850.

              M.D. Anderson Research Fellow.

       1979 Resem-ch Initiation Grant, University of Houston.

Selected Professional Activities

       Sec.ond Vice-President, Council of the American Law Institute; Executive Committee of
       Council, 1994-1995, 1998-present, Nominating Committee, 1995-present.

       United States Adviser, Transnational Insolvency Project, American. Law Institute, 1995-

       Reporter/Adviser to the National Bankruptcy Review Commission, 1995-1997.

       Federal Judicial Center Committee on Judicial Education, three tenns by the appointment
       of Chief Justice Rehnquist, 1990-1999.

       National Bankruptcy Conference, Executive Committee, 1993-1995.

       Editorial Advisory Board, Little, Brown and Company, Law School Division, 1990-

       Board of Trustees, American Bankruptcy Board of Certification, 1992-1996.

       Board of Editors, American Bankruptcy Law Journal, 1989-92.

       Chair, Legislation Committee, Debtor-Creditor Section, Association of American Law
       Schools, 1990-1993, Chair, Debtor-Creditor Section, 1989-90.

       Adviser, German Goverrunent Task Force on Banlauptcy Reform, 1993

       Eastern District of Pennsylvania Bankruptcy Conference, Secretary and Steering
       Committee, 1990-1992.

       Texas State Bar Advisory Commission on Legal Specialization, Charter Member, BoarC:
       ofDirectors, 1986-87.

       Proposal Reviewer, National Scie.nce Foundation, 1985-present.

       Professional Development Committee, American Association of aw Schools, 19 88-91

       Planning Committee, Association of American Law Schools Conference on Teaching
       Contract Law, 1989.

       Chair, Association of American Law School Commercial Law Workshop, May-June

       Chair, Commercial and Related Consumer Law Section, Association of American. Law
       Schools, 1983-84.

Ba.r Membe-rships

      New Jersey, Texas.


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