Biography

Jessica has received several awards and recognitions for her work. She was recently named “Rising Star” for Restructuring and Insolvency in the U.S. by IFLR1000 for 2022. In 2021, Jessica was recognized for her accomplishments leading the landmark chapter 11 restructuring of PG&E Corporation, named “Mega Company Turnaround/Transaction of the Year” by Turnaround Management Association. In 2020, Jessica was named a “Rising Star” in Bankruptcy by Law360. In 2019, Jessica was the recipient of several awards, including being named one of the American Bankruptcy Institute’s 40 Under 40 honorees, Turnarounds & Workouts’ Outstanding Young Restructuring Lawyers and named an “Emerging Leader” by The M&A Advisor.
Jessica actively lectures on various topics relating to restructuring, including for organizations such as PLI, the American Bar Association, the American Bankruptcy Institute, the Association of Insolvency and Restructuring Advisors, and the New York City Bar Association. She is the co-editor of the Weil Restructuring Review and regularly publishes articles on various restructuring-related topics, including with Westlaw’s Practical Law Company and the Journal of Bankruptcy Law. Currently, Jessica serves on the Bankruptcy & Corporate Reorganization Committee for the New York City Bar Association.
Jessica serves on the Firm’s task force focused on the cryptocurrency industry and has previously served on the Firm’s task force focused on Dodd-Frank financial legislation and as a co-chair of the Bankruptcy and Restructuring Committee of the Asian American Bar Association of New York. She practices pro bono in the areas of immigration, family law and criminal appeals, and has successfully argued before the New York State Appellate Division to uphold an order of protection and was part of a team that successfully overturned a death penalty conviction for a mentally impaired defendant after 19 years. She has been recognized for her pro bono contributions by Sanctuary for Families Center for Battered Women’s Legal Services as a recipient of its 2012 Pro Bono Achievement Award. Jessica earned her J.D. from Boston College Law School, where she served as a legal writing teaching assistant and articles editor of the Third World Law Journal and was awarded the inaugural Commitment to Change Award. She obtained her B.A. from New York University, where she graduated magna cum laude and was awarded the Albert Gallatin Scholarship and Founder’s Day Award.
Representative Experience
Company-side Experience:
- Talen Energy Supply, LLC, a power generation and infrastructure company in North America, in its chapter 11 cases with approximately $5 billion in funded debt obligations.
- PG&E Corporation and Pacific Gas and Electric Company, one of the largest combined natural gas and electric energy companies in the United States and the largest utility company in the State of California, in their chapter 11 cases. PG&E has approximately 16,000,000 customers, 24,000 employees and estimated liabilities (including contingent and disputed liabilities) in excess of $50 billion.
- Sears Holdings Corporation, one of the largest retailers in the world in connection with their chapter 11 cases, which represent one of the largest retail chapter 11 cases in history.
- Fieldwood Energy LLC, one of the largest independent offshore oil and gas exploration and production companies in the U.S., in connection with its chapter 11 cases in 2020 and its prepackaged chapter 11 restructuring in 2018.
- Westinghouse Electric Company LLC, a globally recognized nuclear power company, in its unprecedented chapter 11 cases involving liabilities in excess of $9 billion.
- Claire’s Stores, Inc., one of the nation’s largest retailers with more than 4,000 owned and franchised locations globally, in its prearranged chapter 11 cases restructuring more than $2 billion in funded debt.
- Catalina Marketing Corporation, a digital media marketing company, in its chapter 11 cases with liabilities in excess of $1.8 billion.
- Basic Energy Services, Inc., one of the nation’s largest oilfield services companies, in their prepackaged chapter 11 cases to restructure $1.1 billion in funded debt obligations.
- Paragon Offshore plc, an offshore drilling services company, in its chapter 11 cases with liabilities in excess of $2.5 billion.
- Essar Steel Algoma Inc., one of the largest integrated steel manufacturers in North America and is a portfolio company of the multi-billion dollar Essar Group Fund Limited, in the restructuring and refinancing of its $1.2 billion capital structure.
- Endeavour International Corporation, Texas-based exploration and production company focused in the Gulf of Mexico and the North Sea, in its sale of its North Sea assets to its existing lenders in connection with a structured dismissal of its chapter 11 cases.
- Extended Stay Inc., the largest owner of mid-priced extended stay hotels, and its debtor affiliates in one of the largest chapter 11 cases in the commercial mortgage-backed securities (“CMBS”) market.
- AES Eastern Energy LP and certain of its affiliates, coal-fired power plants in their chapter 11 cases.
- NTK Holdings and its affiliates, Nortek, in an approximately $1.3 B pre-packaged chapter 11 debt-for-equity recapitalization.
- Hawkeye Renewables LLC, a subsidiary of Hawkeye Energy Holdings LLC, an Iowa –based producer of ethanol and distillers grains, in its pre-packaged chapter 11 bankruptcy case.
- Stone Barn Manhattan LLC, f/k/a Steve & Barry’s Manhattan LLC, a retailer of apparel and accessories with approximately 300 stores in 39 states, in its chapter 11 cases.
- Recycled Paper Greetings, a provider of greeting cards and gift-giving accessories, in its pre-packaged chapter 11 case and sale under its prepackaged chapter 11 plan to American Greetings.
Creditor/Sponsor/Other Representative Experience:
- Marathon Digital Holdings, a large, publicly-traded bitcoin mining company, as the largest unsecured creditor, customer and preferred equity investor in the chapter 11 cases of Compute North, LLC, a provider of bitcoin mining hosting services.
- Special Committee of the Board of Directors of TPC Group Inc., in connection with the chapter 11 cases of TPC Group Inc., a large producer and refiner of value-added products derived from petrochemical raw materials sold to chemical and petroleum based companies throughout North America.
- Special Litigation Committee of the Board of Directors of Rockall Energy Holdings LLC, in connection with the chapter 11 cases of Rockall Energy Holdings LLC, a Texas-based independent oil and gas exploration and production company.
- Softbank, as majority equity holder and DIP lender in the chapter 11 cases of Katerra Inc., a provider of new build, construction, and renovation services.
- Quest Diagnostics, in connection with its acquisition of substantially all the assets of True Health Diagnostics out of its chapter 11 cases.
- Brookfield, as one of the largest first lien creditors in the chapter 11 cases of Texas Competitive Electric Holdings Company LLC and its debtor affiliates.
- The Export-Import Bank of China, as the largest secured creditor in the Baha Mar Ltd. insolvency proceedings.
- Harbinger Capital Partners, as one of the largest unsecured creditors in the TerreStar Networks Inc. and TerreStar Corporation chapter 11 cases.
Firm News & Announcements, Awards and Recognition, Guides and Resources, Latest Thinking, Speaking Engagements
Firm News & Announcements
- Ten Weil Partners Named Leading U.S. Bankruptcy and Restructuring Leaders by Lawdragon in 2022 Firm Announcement — January 20, 2022
- Three Weil Partners Win 2021 TMA Turnaround and Transaction of the Year Awards Firm Announcement — September 14, 2021
- Fourteen Weil Partners Named Global Restructuring Leaders by Lawdragon in 2020 Firm Announcement — August 20, 2020
- Three Weil Partners Named Law360 Rising Stars in 2020 Firm Announcement — July 29, 2020
Awards and Recognition
- Jessica Liou Named 2020 Rising Star for Bankruptcy by Law360 Award Brief — Law360 2020
- Jessica Liou Named one of American Bankruptcy Institute’s “40 Under 40” honorees Award Brief — American Bankruptcy Institute 2019
- Jessica Liou named 2019 Emerging Leader by The M&A Advisor Award Brief — The M&A Advisor
Latest Thinking
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Winter Wears On: Celsius Court Rules That Certain Customer Deposits are Property of the Bankruptcy Estate
Blog Post — Weil Restructuring
— By
Ronit J. Berkovich,
Jessica Liou and
John Marinelli
— January 06, 2023
On January 4, 2022, Judge Martin Glenn of the Bankruptcy Court for the Southern District of New York ruled that customer deposits in Celsius’s Earn Program constituted property of the bankruptcy estate and not customer property. ...
-
Weil Wins Five 2019 Law360 Practice Group of the Year Awards
Blog Post — Weil Restructuring
— By
Ronit J. Berkovich and
Jessica Liou
— January 22, 2020
Weil has won five Law360 Practice Group of the Year awards for 2019. ...
Speaking Engagements
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Bankruptcy Law and Mass Tort Litigation
Speaker(s):
Jessica Liou
October 27, 2022 — Glen Cove, NY — Seventeenth Meeting of the American College of Business Court Judges
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Mass Tort Bankruptcies and Third-Party Releases – Navigating These Complex Issues
Speaker(s):
Jessica Liou
June 9, 2022 — Cleveland, OH — Annual Bankruptcy & Restructuring Conference, Association of Insolvency & Restructuring Advisors — In recent years, mass tort bankruptcies have evolved from asbestos tort cases to companies seeking to address potentially massive liability related to wildfires in California, the opioid crisis, or exposure to talc in baby powder. These companies have utilized the chapter 11 process to channel the enterprise-threatening litigation they face as well as manage the complex inter-creditor and intra-creditor issues. This panel, who has been involved in some of the largest mass tort cases in recent years like PG&E, Purdue, and Mallinckrodt, as learning objectives, will 1.) discuss their experience in large, complex mass tort cases, implementing mass tort bankruptcy strategies, and 2.) discuss the impact of recent case rulings related to third-party releases.