Marshall S. Huebner
Co-head of Restructuring. Widely recognized leader in the field. Named a 2023 “Dealmaker of the Year” by NYLJ and the 2022 “Debtor Counsel of the Year” by The Deal.
Marshall has played a key role in many of the most complex restructurings of the last 35 years. “Marshall is brilliant at bankruptcy strategy” and his “combination of towering intellect and passion for his client’s cause is unparalleled,” clients tell Chambers. “He out-thinks and out-works everyone else in a bankruptcy.” Marshall was lead counsel to the U.S. Treasury and the Federal Reserve in the $182 billion rescue of AIG, and lead counsel to companies including Delta, Ford, Purdue, Lehman Brothers Europe, Spirit Airlines and Arch Resources in their landmark restructurings. His dozens of lead lender and creditor roles include SVB, FTX, Hertz, Enron, Lyondell, American Airlines, Azul, Kodak, Polaroid and Toys “R” Us.
Marshall has testified before Congress and lectured at many preeminent law schools and HBS.
He has received top rankings and awards from sources including Chambers, Law360, The Deal and the American Lawyer. He is a member of the National Bankruptcy Conference and the American College of Bankruptcy.
Experience
- Lead counsel to Purdue Pharma in connection with its chapter 11 restructuring effectuating a comprehensive resolution of more than $40 trillion of asserted claims. The proposed settlement will convert Purdue into a public benefit company for the exclusive benefit of victims
- Lead counsel to Spirit Airlines in its comprehensive capitalization effectuated through pre-negotiated chapter 11 proceedings
- Lead counsel to the creditors, and now owners, of Silicon Valley Bank Financial Group in and after its chapter 11 proceedings
- Lead counsel to the administrative agent under Hertz Corporation’s $10.9 billion asset backed vehicle-financing structure in Hertz’s chapter 11 restructuring
- Lead counsel to the Federal Reserve Bank of New York and the U.S. Department of the Treasury with respect to their $182 billion in multiple financings and 79.9% equity stake in the American International Group; AIG had over $1 trillion in assets, and the Federal Reserve and Treasury AIG financings remain the largest ever extended to a corporate borrower
- Lead U.S. counsel to Lehman Brothers International (Europe) and its U.K. affiliates, including in connection with the settlement of tens of billions of dollars of claims against Lehman’s U.S. entities
- Lead restructuring counsel to Delta Air Lines, assisting Delta in, among other things, a $2.45 billion debtor-in-possession loan for LATAM Airlines, successfully defending against a $10 billion hostile takeover attempt, and expeditiously emerging from Delta’s own Chapter 11 with one of the largest equity capitalizations on record
- Counsel to Ford in connection with its $10 billion balance sheet restructuring and related matters
- Lead counsel to Citibank in Lyondell, including advising on the then-largest DIP financing ($8.5 billion) in U.S. history and successfully resolving $23 billion in fraudulent transfer claims
- Lead counsel to Arch Coal, James River Coal, Patriot Coal, Bonanza Creek Energy, Magnetation, Frontier Airlines, Pinnacle Airlines, Pernix Therapeutics and The Star Tribune Company in their chapter 11 proceedings
- Lead counsel to the prepetition and/or DIP agents in dozens of cases including Bed Bath & Beyond, Toys “R” Us, Enron, Kodak, American Airlines, Polaroid, Republic Airways, Federal Mogul and Loral Space and Communications
Insights
News
Recognition
New York Law Journal – “Dealmaker of the Year,” 2023
American Lawyer – “Litigator of the Week,” 2023
Chambers Global and USA – Bankruptcy/Restructuring, Band 1
Legal 500 U.S. – Restructuring (including Bankruptcy): Corporate, Hall of Fame
IFLR1000 – Restructuring and Insolvency, United States, Market Leader
Law360 – “Bankruptcy MVP of the Year,” 2022
The Deal Awards – “Debtor Counsel of the Year – Lawyer,” 2022
Lexology Index (formerly Who’s Who Legal) – Restructuring & Insolvency, Thought Leader
Euromoney Expert Guide – “Best of the Best USA” and “Best of the Best Global” Top 30 Restructuring and Insolvency
Global M&A Network – “Top 100 Restructuring & Turnaround Professional”
Turnarounds & Workouts – “Outstanding Restructuring Lawyer,” 2019 and 2021
Lawdragon – 500 Leading U.S. Bankruptcy and Restructuring Lawyers, 2023
National Law Journal – “Energy & Environmental Trailblazer,” 2017
American Lawyer – “Dealmaker of the Year,” 2007 and 2009
Education
- Ford Foundation Fellowship
- Senior Editor, Yale Law Journal
- Fulbright scholar
- Rotary Scholar
Clerkships
Qualifications and admissions
- State of New York
- U.S. Court of Appeals, Second Circuit
- U.S. Court of Appeals, Sixth Circuit
- U.S. District Court, E.D. Michigan
- U.S. District Court, E.D. New York
- U.S. District Court, S.D. New York
- U.S. District Court, W.D. Michigan
- U.S. Supreme Court