Michael Akselrad is an associate in the Restructuring Department of Weil’s New York office. Michael received his J.D. from New York University School of Law and his undergraduate degree in Economics at Hamilton College. Michael is a regular contributor to the Weil Restructuring Blog.
Michael has been a member of teams representing various parties in a number of in-court restructurings and other matters, including:
Company-side Experience:
- Exide Holdings, Inc. and its affiliated debtors, a global lead-acid batteries manufacturing company, in their chapter 11 cases. In just 5 months, Exide completed two going concern sale and separation transactions for its U.S. and European/Rest of World businesses (including the negotiation of long-term commercial arrangements among them) and also accomplished a first of its kind global settlement with the Department of Justice and more than 10 state regulators to resolve hundreds of millions of dollars of Exide’s historical environmental liabilities at more than 20 dormant locations.
- Skillsoft Corporation, and its affiliates, a global leader in corporate learning, in their prepackaged chapter 11 cases with liabilities in excess of $2 billion.
- EP Energy Corporation and its affiliated debtors, a public oil and natural gas exploration and production company, in their chapter 11 cases involving approximately $4.9 billion in funded debt obligations.
- Lehman Brothers Holdings Inc. and its affiliates, the fourth largest investment bank in the world, in prosecuting the largest chapter 11 cases in history.
Creditor/Other Experience:
- The Kroger Co., as prepetition secured lender in the chapter 11 cases of Lucky’s Market Parent Company, LLC, a natural and organic grocery retailer with locations across eleven states.