Stephen Lerner is global chair of the Squire Patton Boggs Restructuring & Insolvency Practice Group. He has an extensive national and cross-border restructuring practice in which he represents debtors, distressed businesses, committees of unsecured creditors, secured and unsecured creditors, equity interest holders, boards of directors, indenture trustees and acquirers of troubled businesses in Chapter 11 reorganization cases, Chapter 15 cross-border cases, Chapter 9 municipal restructurings and out-of-court restructurings throughout the US, Europe, the United Arab Emirates, South America and India. Stephen recently served as the Court Appointed Examiner in the precedent-setting Purdue Pharma Chapter 11 case in the Southern District of New York. In July 2022, the Ferrellgas restructuring team led by Stephen was honored with the Turnaround of the Year (Large) Award by Global M&A Network. He served as lead restructuring advisor to Dana Gas PJSC, the largest independent gas company in the Middle East, in its US$700 million Islamic financing restructuring, which was awarded the Middle East Restructuring of the Year in 2019 by the International Financial Law Review. The firm’s US restructuring team led by Stephen was named 2020 USA Restructuring Firm of the Year – Middle Markets by Global M&A Network.
Stephen has led the representation of debtors or other leading parties in the Chapter 11 cases and/or out-of-court restructurings of AmFin Financial, Blackjewel LLC, Chrysler, EaglePicher, Energy & Exploration Partners, Enron, Ferrellgas, Hartshorne Mining Group, Lehman Brothers, Midway Gold, Optima Specialty Steel, Patriot Coal, Station Casinos, Veris Gold and WorldCom, among many others, and he represented the Court Appointed Expert in the City of Detroit’s historic Chapter 9 case. Stephen served as Examiner for Purdue Pharma, as special counsel to the State of New Jersey in the out-of-court restructuring of Atlantic City and as lead restructuring advisor to Dana Gas PJSC, the largest independent gas company in the Middle East, in its US$700 million Islamic financing restructuring.
Stephen also led Squire Patton Boggs’ representation of the American College of Bankruptcy in filing an amicus brief with the United States Supreme Court in the significant Stern related case of Executive Benefits Insurance Agency v. Peter H. Arkison, Trustee of the Estate of Bellingham Insurance Agency, Inc.
The US Restructuring & Insolvency team led by Stephen was named 2020 USA Restructuring Firm of the Year – Middle Markets by Global M&A Network.