Joseph Smolinsky Joins Weil Gotshal's Preeminent Business Finance & Restructuring Practice

Appointment Complements Firm's Leading Position in Debtor Restructuring Cases


NEW YORK, April 1, 2009 (GLOBE NEWSWIRE) -- The international law firm Weil, Gotshal & Manges LLP announced today that Joseph Smolinsky will join the firm as a Partner in its Business Finance & Restructuring practice in the New York office.

"We are very pleased to have Joseph join us," Weil Gotshal Chairman Stephen Dannhauser stated. "His vast experience, particularly in the representation of creditors, further rounds out our industry-leading restructuring department."

Mr. Smolinsky has over 20 years experience in bankruptcy law. Prior to joining Weil Gotshal, he was a partner at Chadbourne & Parke LLP, where he advised corporations, borrowers, lenders, investors and creditors on Chapter 11 restructuring cases. Mr. Smolinsky has been involved in a number of recent high profile cases, including TOUSA, Refco, Calpine and Mirant. He started his legal career as a judicial clerk for the Honorable Conrad B. Duberstein, Chief United States Bankruptcy Judge for the Eastern District of New York.

"Joseph's expertise in complex and high profile Chapter 11 reorganizations and his involvement in structured finance transactions make him an ideal fit for our team," said Marcia Goldstein, Chair of Weil Gotshal's Business, Finance & Restructuring practice.

Mr. Smolinsky is recognized in Chambers USA: The World's Leading Lawyers for Business 2009 in the field of Bankruptcy/Restructuring. A recognized authority in the bankruptcy arena, he has spoken at various conferences and seminars and authored numerous articles.

Weil Gotshal's preeminent global Business Finance & Restructuring Department is consistently recognized as the leading practice by Chambers & Partners and other highly regarded legal publications. The largest and most innovative business reorganization practice in the U.S., Weil Gotshal is called upon by a wide range of constituencies to resolve the most complex cases. Serving the full spectrum of clients -- debtors, creditors, equity holders, and potential purchasers of troubled companies or their assets -- the Department has had preeminent roles in most major debt restructurings, both in the United States and Europe. The firm has handled the largest bankruptcy and restructuring cases in history, including Lehman Brothers, Washington Mutual, WorldCom, and Enron.

About Weil, Gotshal & Manges

Weil, Gotshal & Manges (www.weil.com), an international law firm of over 1,300 lawyers, including approximately 300 partners, is headquartered in New York, with offices in Austin, Beijing, Boston, Budapest, Dallas, Dubai, Frankfurt, Hong Kong, Houston, London, Miami, Munich, Paris, Prague, Providence, Shanghai, Silicon Valley, Warsaw, Washington, D.C. and Wilmington.

The Weil, Gotshal & Manges LLP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4964


            

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