Education
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Columbia Law School, J.D., 1979
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Vassar College, A.B., 1975
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London School of Economics and Political Science, year abroad
Bar Admissions
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District of Columbia
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New York
Court Admissions
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U.S. Court of Appeals for the Federal, 3rd, 5th and 9th Circuits
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U.S. Court of Appeals for the District of Columbia Circuit
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U.S. District Court for the District of Arizona
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U.S. District Court for the District of Colorado
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U.S. District Court for the District of Connecticut
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U.S. District Court for the District of Columbia
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U.S. District Court for the Northern District of Illinois
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U.S. District Court for the Western District of Michigan
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U.S. District Courts for the Eastern and Southern Districts of New York
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U.S. Court of Appeals for the 2nd Circuit
Awards and Honors
- Who’s Who in America, American Law, and Finance and Business
- Recognized as a New York “Super Lawyer” annually since 2006
- Named one of 12 “Outstanding Restructuring Lawyers – 2004” by Turnarounds & Workouts
- Harlan Fiske Stone Scholar, Columbia University Law School
- David M. Berger Memorial Award, Columbia University Law School
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Michael P.
Richman
Partner
Bankruptcy and Restructuring
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1185 Avenue of the Americas
(between 46th and 47th Streets)
30th Floor
New York,
New York
10036
T:
646-557-5180
F:
646-557-5101
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A nationally-recognized bankruptcy lawyer, Michael P. Richman is the Chair of Patton Boggs’ Bankruptcy and Restructuring Practice Group. He focuses on the representation of Chapter 11 debtors and creditors’ committees, and also regularly advises and represents clients in virtually every aspect of financial distress and bankruptcy, including out-of-court restructurings, prosecution and defense of creditors’ rights litigation (including preference and fraudulent conveyance cases), individual and group secured and unsecured creditors, landlords, purchasers of assets under Bankruptcy Code section 363 and other parties in interest. Throughout his extensive career, Mr. Richman has appeared as counsel in state and federal courts, and bankruptcy courts in particular, in at least 20 states and territories.
Mr. Richman was a partner and former chair of the national Bankruptcy and Business Reorganizations Practice at Foley & Lardner LLP before joining Patton Boggs. He also served for many years as a bankruptcy partner at Mayer Brown LLP.
An active member of the American Bankruptcy Institute (ABI), Mr. Richman has served as director (1996-2008), chairman of the board (2006-07) and president (2004-05) of that organization, as well as a member of ABI’s management and executive committees. He is also the founder and a performing member of ABI’s house band, the Indubitable Equivalents, which regularly performs at bankruptcy conferences around the country.
Mr. Richman is a contributing editor to the American Bankruptcy Institute Journal and previously served as the managing editor of the Columbia Journal of Transnational Law while in law school. Mr. Richman is also a frequent speaker and lecturer on bankruptcy law and related topics.
Representative Matters:
- Lead counsel to the Unofficial Committee of Family and Dissident GM bondholders, the principal opponents to the fast-track section 363 sale of GM’s assets to the new GM engineered by the government.
- Served as national bankruptcy counsel to Ernst & Young LLP.
- Served as lead counsel to Chapter 11 debtors Proxymed and Diamond Glass, Inc. (Wilmington, DE).
- Lead counsel to prospective debtors in out-of-court restructuring of companies in broadcasting and leisure travel businesses.
- Served as lead counsel to official committees of unsecured creditors in Chapter 11 cases of Centrix Financial (Denver) and NewComm Telecommunications (San Juan, PR).
- Represented debtor in Chapter 11 case of Medifacts International (Wilmington, DE).
- Served as lead counsel to Best Buy in defense of $250 million avoidance action litigation brought by Creditors’ Committee of Musicland (New York).
- National bankruptcy counsel to the Center for Claims Resolution in various Chapter 11 asbestos cases, including Armstrong and W. R. Grace.
- Acted as special bankruptcy counsel to Huron Consulting in its retention as advisor in St. Vincent Hospitals’ Chapter 11 cases (New York).
- Represented Goldin Capital in the successful acquisition of a business in a contested section 363 auction in Chapter 11 case of Skin Nuvo (Reno, NV).
- Served as counsel to the state of Mississippi in a $5 billion tax claim against MCI/Worldcom (New York).
- Represented Textron Financial Corporation as secured creditor in the Chapter 11 cases of Leisure Industries (Reno, NV).
- Acted as co-counsel to Credit Suisse First Boston in contested plan confirmation hearings in the OSI Chapter 11 cases (St. Louis).
- Served as counsel to agent lenders, including Bank of Nova Scotia and Textron Financial Corporation, in significant out-of-court financial workouts and restructurings.
- Served as counsel to Bank of Montreal in adversary proceedings to determine status as secured or unsecured of more than $1 billion of debt in Loewen Chapter 11 cases (Wilmington, DE).
- Represented Umbro Worldwide in dispute with debtor licensee and co-licensee (New York).
- Served as counsel to GE Capital Corporation in Loews Cineplex Chapter 11 cases (New York).
Professional Affiliations:
Advisory Board Member, ABI Annual New York City Bankruptcy Conference
Advisory Board Member, Views from the Bench Program at Georgetown University Law Center
Advisory Board Member, VALCON Conference
American Bankruptcy Institute
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