Media Placements
| ■ | Daily Bankruptcy Review, Sep 04, 2008, "U.S. Trustee Taps James S. Feltman to Investigate HDTV Maker" – The article announces the engagement of Mesirow Financial Consulting restructuring professional James S. Feltman as independent investigator in the bankruptcy of Syntax-Brillian Corp, a maker of HDTVs. U.S. Trustee Roberta A. DeAngelis, who is responsible for ensuring that participants in the case are in compliance with the U.S. Bankruptcy Code, named Feltman after concerns were raised about a decline in the value of Syntax-Brillian's assets in the months leading up to the bankruptcy filing. The piece cites Feltman's experience serving as independent investigator in bankruptcy cases and providing other financial advisory services across a myriad of industries, including aviation, retain, manufacturing and real estate. |
| ■ | Bankruptcy Insider, Jun 02, 2008, "Dire Stats" – The Deal's Bankruptcy Insider ranked Mesirow Financial Consulting number one among "Top Creditor Investment Banks" with 20 active cases as of May 28th. In the "Top Creditor Investment Banker" listing, Mesirow Financial Consulting's James S. Feltman, senior managing director, ranked third, Leon Szlezinger, senior managing director, ranked fifth and Larry H. Lattig , executive vice president and senior managing director was ranked sixth. |
| ■ | The Distressed Debt Report, May 27, 2008, "Cramming Up: Sub Lenders Seen Pursuing More Aggressive Bankruptcy Strategies" – The article discusses "cramming up" strategies, and is explained as "when junior debt holders in a bankrupt company take out the senior noteholders and take over the majority of the equity." Randall G. Kominsky, managing director, Mesirow Financial Consulting, was quoted in the piece, stating, "It's not like the old days when creditors committees sit with the senior lenders and the debtors." He added, "Now you have many more at the table. Competing agendas among numerous players makes it more difficult to achieve a cramming-up strategy." |
| ■ | Bankruptcy Insider, May 05, 2008, "Hottest Investment Bankers" – Mesirow Financial Consulting was ranked second as "Hottest Investment Bankers" and fourth among "Top Debtor Investment Banks." Thomas J. Allison, executive vice president and senior managing director, Mesirow Financial Consulting, was ranked third and James S. Feltman, senior managing director, Mesirow Financial Consulting, was ranked fourth among "Top Debtor Investment Bankers." |
| ■ | Crain's Chicago Business, May 05, 2008, "Bumpy Ride Ahead for United" – The article discusses United Airlines options moving forward amidst economic challenges facing the industry. James S. Feltman, senior managing director, Mesirow Financial Consulting, was quoted as saying, "a number of legacy carriers will see their cash positions erode to the point they're bankruptcy candidates in 2009." He added, "I don't think United is the first candidate. I don't think there is a first candidate." |
| ■ | Euromoney's Global Insolvency & Restructuring Review, May 01, 2008, "Financial advisory services in the US" – The article, authored by Stephen B. Darr, senior managing director, Mesirow Financial Consulting, provides an overview of the services provided by financial advisors to financially distressed companies in the United States. |
| ■ | MarketWatch, Apr 28, 2008, "Continental Unlikely to Slow Airline Mergers; Analysis: Look Forward to Capacity Reductions and Trimming of Carrier Fleets" – The article discusses the likely options that airlines are considering in the face of the Delta and Northwest Airlines merger, in addition to other daunting market conditions. Commentary from James S. Feltman, senior managing director, Mesirow Financial Consulting, is included in the piece, where he states that if the current economic slump takes a turn for the worse and oil prices continue to climb, airlines without partners next year may find themselves with even more dire financials. |
| ■ | The Wall Street Journal, Apr 22, 2008, "Delta Chief's Fancy Footwork: How CEO Anderson Overcame Obstacles to Northwest Deal" – The article discusses the role Richard Anderson, chief executive of Delta Air Lines Inc., played in the impending merger between Delta and Northwest Airlines. James S. Feltman, senior managing director, Mesirow Financial Consulting, who advised the creditor committee for Delta, is quoted in the piece. |
| ■ | Business Travel World, Apr 16, 2008, "CO-UA Next to Tie the Knot, Says Expert: United and Continental ? Next to Merge?" – The article discusses the likelihood and complications surrounding a potential merger between Continental and United Airlines, in response to the impending Delta Air Lines and Northwest Airlines merger. James S. Feltman, senior managing director, Mesirow Financial Consulting, who advised the creditor committee for Delta, is quoted as saying that Continental and United present "two likely partners" if the merger between Delta and Northwestern is approved. |
| ■ | Reuters, Apr 15, 2008, "Delta/Northwest Merger May Spark More Consolidation" – The article discusses the impact that the impending Delta Air Lines and Northwest Airlines merger could have on other carriers. James S. Feltman, senior managing director, Mesirow Financial Consulting, who advised the creditor committee for Delta, is quoted as stating, "There will be a great deal more pressure on United and Continental to look at a combination facing the threat of a large Delta/Northwest merger. It's almost compelling as opposed to desirable." |
| ■ | Pensions & Investments, Mar 31, 2008, "Changes in Accounting Rules Hurt Realty Values" – The article discusses recently enacted Financial Accounting Statement 157, which requires real estate investment managers to use a property's expected sale price, regardless if it falls lower than the book value. Timothy R. Croushore, managing director, Consulting, and James S. Wilson, senior managing director, Mesirow Financial Consulting, are both quoted in the piece. Wilson was noted as saying, "Under the new definition, investment managers would need to identify the principal or most advantageous market for the property, the investors in that market and how they would value the property." |
| ■ | Medill Reports Chicago, Mar 14, 2008, "Behind Enesco's Rescue, Corporate Turnaround Experts" – The article discusses the financial advisory services provided by Mesirow Financial Consulting, LLC for troubled Enesco Group, Inc. as well as Mesirow Financial's Corporate Investment Banking group's leadership in the subsequent §363 sale. The piece also mentions the firm's recent honor by the Turnaround Management Association Chicago/Midwest Chapter in receiving the "Large Transaction of the Year" award in recognition of the Enesco success. The entire article may be viewed online. |
| ■ | ELT - The Magazine of Equipment Leasing & Finance, Mar 01, 2008, "Mixed Signals: Asset Managers Are Upbeat - and Ready for a Recession..." – Lauren Hill, senior vice president, Mesirow Financial Consulting, contributed to the piece which discusses the threat of a recession amidst a strong global economy, and its impact on certain segments. While discussing alternative energy and solar energy equipment, she was quoted as stating, "There's a lot of leasing and interest in leasing in solar energy equipment, but if there's a secondary market out there, we haven't found it." |
| ■ | Financier Worldwide, Mar 01, 2008, "BAPCPA in its Third Year" – The article features a report on the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) and its impact on the bankruptcy industry since its inception. Larry H. Lattig, Executive Vice President, Senior Managing Director, Mesirow Financial Consulting, was quoted as saying, "BAPCPA is certainly a larger factor in retail cases than in any other due to the requirements of reclamation and administrative expense for vendors. For that reason, many retailers will be pushed to 363 sale alternatives." The complete article may be viewed in pdf format. |
| ■ | Turnarounds & Workouts, Mar 01, 2008, "People to Watch - 2008: Business Professionals Making Their Mark" – Ben Pickering, managing director, Mesirow Financial Consulting, was listed among "People to Watch: 2008" for his work as a financial advisor to numerous unsecured creditors' committees, including Delphi, Quebecor World, Fedders Corporation, Rockford Products, American Camshaft, SAI, and Weld Wheel, in addition to his extensive experience with multi-national and cross-border restructuring issues. |
| ■ | Bankruptcy Insider, Feb 18, 2008, "Hottest Investment Banks" – Mesirow Financial Consulting was ranked first among "Hottest Investment Banks," with seven new engagements over the past six months. The ranking is based on the number of bankruptcy-related engagements in new cases filed during the six months ended February 12, 2008. |
| ■ | Bankruptcy Law360, Jan 01, 2008, "Outlook For Bankruptcies In 2008" – The article discusses projections for bankruptcy filings in 2008, with particular attention paid to the sub-prime mortgage crisis' impact on the economy. James S. Feltman, senior managing director, Mesirow Financial Consulting, is quoted in the piece where he discusses the fallout potentially extending to the retail and consumer product areas. |
| ■ | ABI Journal, Dec 31, 2007, "No Good Deed Goes Unpunished" – The article discusses cases in which §4-210 has been integral in ruling whether or not security interests held by banks outweigh claims made by firms in Chapter 11 that would allow them to recover a transfer as a preference. One case cited was Feltman v. City National Bank of Florida, where James S. Feltman, senior managing director, Mesirow Financial Consulting, served as trustee. |
| ■ | Bankruptcy Insider, Oct 29, 2007, "Stephen C. Jones Joins Mesirow Financial" – Stephen C. Jones, executive vice president, senior managing director, Mesirow Financial Consulting announcement that he has joined the firm to lead its Valuation Services group. |
