Loehmann's Going Out of Business - DOC by bpn93372

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									Alex G. Smith
Alliance Management

Mr. Smith joined Alliance Management in 2003 and has completed consulting
engagements in multiple industries, including: healthcare, information technology,
business services, transportation, diversified manufacturing, d istribution & wholesale,
agriculture and retail.

Prior to Alliance Management, Mr. Smith served in various capacities including financial
management, business and market development, and strategic planning in the medical,
software, and internet technology industries. During his career, Mr. Smith has also
performed interim CFO duties for start- up technology companies and step-out/break-out
business ventures in large corporations. While assisting these companies in their efforts
to raise funds (series A and B), Mr. Smith also helped to establish capital structures,
corporate governance and relationships with secured and unsecured creditors.

During 2006, Mr. Smith performed the following roles in the Retail Sector:

      Restructuring and Financial Advisor to Bachrach Clothing, Inc., an equity-
       sponsored, U.S. based retailer of men’s clothing. He assisted the Company
       through a successful Chapter 11 Bankruptcy Filing in the Northern District of
       Illinois. The Company was sold through the Chapter 11 363 sale process. The
       company continues to operate multi store locations throughout the United States.
      Financial Advisor to a Retail Asset Based Lending Syndicate, with a $55 million
       credit facility to a distressed multi store merchandising operation located in the
       Midwest. While the loan was severely impaired the Company was successfully
       sold and the lending syndicate was repaid in full.
      Financial Advisor to a California based jewelry store chain. Following a
       business assessment and complete financial review, the Company was able to
       obtain a waiver of default and revised loan covenants from its senior lender.

Mr. Smith currently serves on the Board of Directors of the Colorado Chapter of the
Turnaround Management Association. He holds a Bachelor of Science degree in
International Business and a minor in Spanish from Trinity University in San Antonio,
Texas and an M.B.A., with honors, from the University of Chicago Graduate School of
Business.
James H. Culle n
Alliance Management

Mr. Cullen has a 20 year track record as serving as a CRO, CEO, CFO and Restructuring
Adviser to companies and financial institutions undergoing transition and reorganization.
He also worked in corporate finance and investment banking for a number of financial
institutions and served as a manger of a $200 million portfolio of distressed debt and
equity investments. His experience includes managing, operating and refinancing
distressed corporations through crisis situations, litigation, financial restructuring, debt
placements and equity financings in the US, Europe, Asia and Australia.

During 2006, Mr. Cullen held the following roles in the Retail Sector:

      Chief Restructuring Officer and Investment Banker to Overland Trading, a
       national shoe retailer, and led the Company through a success ful Chapter 11
       Bankruptcy filing in the District of Missouri. The Company was ultimately sold
       through the 363 sale process to a California public company, Big Dog Holdings.
       The majority of stores continue to operate throughout the US.
      Chief Restructuring Adviser and Investment Banker to Bachrach Clothing,
       Inc., an equity-sponsored, U.S. based retailer of men’s clothing. He led the
       Company through a successful Chapter 11 Bankruptcy Filing in the Northern
       District of Illinois. The Company was sold through the Chapter 11 363 sale
       process. The company continues to operate multi store locations throughout the
       US.
      Chief Financial Advisor to a Retail Asset Based Lending Syndicate, with a $55
       million credit facility to a distressed multi store merchandising operation located
       in the Midwest. While the loan was severely impaired the Company was
       successfully sold and the lending syndicate was repaid in full.

   A native of Ireland, Mr. Cullen graduated in Finance, with Honors from Trinity
   College Dublin, Ireland. Mr. Cullen is member of the Upper Midwest Chapter of the
   Turnaround Management Association and has served on the Board of several
   companies on behalf of financial institutions.
Peter J. Roberts
Shaw Gussis Fishman Glantz Wolfson & Towbin LLC

Pete Roberts is a Member of the Chicago law firm of Shaw Gussis Fishman Glantz
Wolfson & Towbin LLC. He concentrates his practice in bankruptcy, reorganization and
creditors’ rights.

In over sixteen years of practice, Mr. Roberts has represented and advised debtors,
trustees, financial institutions, trade creditors, landlords, equipment lessors, and creditors’
committees in a variety of insolvency contexts and in virtually all aspects of bankruptcy.
Illustrating his experience, Mr. Roberts represented Bachrach Clothing, Inc., a
national clothing retailer, in its recently filed chapter 11 bankruptcy and the
subsequent going concern auction sale of its assets; and he also recently represented
a public ly traded jewelry retailer in an out- of- court workout of trade debt exceeding
$40 million. Mr. Roberts also represented ABC-NACO Inc., a publicly traded
Chicago-based railroad parts manufacturer, in the chapter 11 auction sale of its
assets and the subsequent wind down of its affairs, and he represented Florsheim
Group Inc., a national shoe retailer, in its chapter 11 case and related disputes with
landlords and attorneys general over subsequent store closing sales. Mr. Roberts
was also part of the appellate team representing Capital Factors, Inc. in the
affirmance of its successful challenge to the payment of critical vendors in the
Kmart bankruptcy.

Mr. Roberts is a graduate of the Duke University School of Law, receiving his J.D.
degree in 1990. He is also a cum laude graduate of Boston College, receiving his
A.B. in history in 1987.

Mr. Roberts is a member of the Turnaround Management Association, the American
Bankruptcy Institute and the Lawyers Club of Chicago. He can be reached by phone at
(312) 276-1322 or by e- mail at proberts@shawgussis.com.
Cathy Hers hcopf, Partner
Cooley Godward Kronish LLP

Cathy Hers hcopf is a partner in the Firm's Bankruptcy and Restructuring practice. She
joined Kronish Lieb Weiner & Hellman LLP in 1998, which was merged into Cooley
Godward Kronish LLP in 2006. She is resident in the New York office.

Cathy Hershcopf concentrates on debtor and creditor’s rights in Chapter 11 bankruptcy
proceedings and out of court restructurings and workouts, with a focus on representing
buyers and sellers of real estate, inventory, intellectual property and other assets in
distressed situations, debtors in technology industries, and committees of unsecured
creditors in retail cases nationwide.

During the past several years, Ms. Hershcopf has represented official committees of
unsecured creditors in some of the most significant retail Chapter 11 bankruptcy
proceedings throughout the country. Highlights of Ms. Herschopf’s creditor committee
representations include:

      Montgomery Ward — Ms. Hershcopf coordinated the sale of more than $500
       million of real estate through a designation rights agreement with Kimco Realty,
       led a campaign to negatively solicit a liquidation plan proposed by GE Capital,
       and assisted in settling the Committee’s lawsuit against GE Capital for more than
       $80 million, which achieved a distribution to unsecured creditors in excess of
       600% of the projected liquidation value of the largest retail liquidation in the
       country.
      Footstar, Inc. — Ms. Hershcopf assisted in the sale of the retail business to Foot
       Locker for $225 million, setting the stage for a successful reorganization which
       will pay unsecured creditors 100% of their claims, plus interest.
      Bob’s Stores — Ms. Hershcopf assisted in creating a three-day competitive
       auction for substantially all of the retailer’s assets resulting in a distribution to
       unsecured creditors in excess of 90% on their claims.
      New Weathervane — Ms. Hershcopf found a buyer to purchase substantially all
       of the noninventory assets of this New England retailer to a Canadian purchaser
       despite going out of business sales, thus obtaining a distribution and other benefits
       for unsecured creditors in a case where secured creditors were not paid in full.
      Archibald Candy Corporation — Ms. Hershcopf assisted in the sale of the Fanny
       May and Fanny Farmer assets in the U.S. and Laura Second assets in Canada,
       successfully litigated the estate’s right to retain $2.1 million of lease proceeds and
       negotiated a distribution for unsecured creditors in a case where secured creditors
       were not paid in full.

Ms. Hershcopf also represented the creditors committees in retail Chapter 11 bankruptcy
proceedings of Crowley Milner, Filene’s Basement, Lamont’s Apparel, Liberty House,
Loehmann’s, Richman Gordman Stores, Stage Stores, Steinbach’s, Bedford Fair, C&R
Clothiers, Casual Male, Christophers, Clothestime, Kuppenheimers, Moe Ginsburg,
Today’s Man, Levitz, Cornell Trading, Bachrach, Nortstrom, Copelands, Athlete’s Foot,
Herman’s Sporting Goods, Jumbo Sports, Just for Feet, Pic N’ Pay, The Walking
Company and Sweet Factory. Highlights of Ms. Hershcopf’s recent employee committee
representations include:

      United Airlines ESOP Committee — Ms. Hershcopf represented the ESOP
       Committee and its members in all matters relating to UAL Chapter 11 case,
       including successfully convincing the Bankruptcy Court to stay a class action
       lawsuit brought against the ESOP Committee in District Court and ultimately
       obtaining releases on behalf of the ESOP Committee and its past and current
       members.
      Enron Employee Related Issues Committee — Ms. Hershcopf assisted in
       obtaining a $28.8 million severance package for 4,500 employees terminated by
       Enron one day after the bankruptcy was filed.

Highlights of Ms. Hershcopf’s recent debtor representations include:

      Metromedia Fiber Network, Inc., et al. — Ms. Hershcopf assisted the
       telecommunications and fiber network debtor in the sale of several stand alone
       businesses and excess real estate to fund the successful reorganization of the
       company and assist in restructuring approximately $5 billion in debt.
      Interliant, Inc., et al. — Ms. Hershcopf led this Internet service provider with
       revenues of approximately $160 million in the successful sale of its businesses as
       going concerns.

Highlights of Ms. Hershcopf’s recent real estate restructuring representations include:

      Saint Vincent’s Hospital – Ms. Hershcopf is the tort committee’s representative
       on a joint committee to redevelop the Greenwich Village campus.

Highlights of Ms. Hershcopf’s recent structured finance representations include:

      Carribean Property Group — Ms. Hershcopf issued the non consolidation
       opinions in connection with Carribean Property Group’s refinancing of the Ritz
       Carlton and Radisson hotels in Puerto Rico.

Ms. Hershcopf received her J.D., summa cum laude, in 1985 from New York Law
School, where she was a member of the Law Review, and graduated in 1975, summa cum
laude, from University of Massachusetts, where she was Commonwealth Scholar, with a
B.A. degree. Ms. Hershcopf regularly addresses creditor groups, real estate professionals,
distressed debt conferences and other groups regarding creditors’ rights and bankruptcy
and real estate matters. Ms. Hershcopf is an active member of the International Council
of Shopping Centers and participates in annual sessions with attorneys from around the
country regarding shopping center leasing and landlord and tenant issues related to retail
bankruptcies. Most recently, she spoke at the ICSC Law Conference on the effect that
changes in the bankruptcy law will have on retail cases.
Mark P. Naughton
Great American Group
Vice President, General Counsel

Years of Experience: Over 17 years representing debtors, trustees, secured creditors,
creditors’ committees, and unsecured creditors in bankruptcies, workouts, a nd related
litigation.

Responsibilities: Represented nationally recognized companies in the liquidation and/or
purchase of inventory and the disposition of leases in bankruptcy cases.

Other Accomplishments: Prior to joining Great American Group, Mark was a Partner at
Piper Rudnick, where he focused on retail bankruptcies, single asset bankruptcies,
adversary proceedings in bankruptcy court, out of court workouts, and sales of troubled
companies.

Education: Marquette University, Bachelor of Arts
Northwestern University, Juris Doctorate

								
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