Michael Richman, chair of the firm's national bankruptcy practice, was featured in both the Am Law Litigation Daily and Am Law Daily on June 15, 2009, in stories about how GM bondholders selected Patton Boggs over White & Case to represent their opposition to General Motors' plan to emerge out of bankruptcy.
Richmantold reporters that he's already trying to differentiate his strategy from the way his competition handled the Chrysler bankruptcy plan. "We don't want to delay or prevent the transfer of assets from 'old GM' to 'new GM,'"
Richman said. "Our issue is not with that reorganization plan, it's with the effort by the parties who put the plan together to dictate the capital structure and ownership of the company outside of a bankruptcy plan."