Glenn E. Siegel

Partner

Glenn E. Siegel has decades of experience handling high-level bankruptcies and counseling major stakeholders and clients on all sides of bankruptcy and restructuring matters. In the Chapter 11 bankruptcy of automotive parts maker Delphi Corp., he counseled the largest debtor-in-possession lender in its acquisition of Delphi. In the Chapter 11 bankruptcy of Residential Capital, he counseled the largest residential mortgage-backed securities (RMBS) trustees to achieve a settlement of billions of dollars in claims. Glenn is the former co-head of the firm’s restructuring and bankruptcy practice.

Extended Profile

Glenn represents shareholders, bondholders, indenture trustees, creditor committees, secured creditors, debtors, and other participants in bankruptcy and workout matters. He frequently lectures on issues pertaining to public debt holders, including claims trading, second lien loans, and subordination. He also frequently authors and co-authors articles on bankruptcy-related topics and developments.

Prior to joining Morgan Lewis, Glenn was a partner in the bankruptcy practice of another international law firm.

selected representations

Committee counsel in the Delaware Chapter 11 restructuring of Corp Banking Group, a Chilean financial holding company.
Counsel to Second Lien Lender Group in La Paloma Co. Generating LLC in connection with litigation regarding scope of rights under intercreditor agreement for a gas generated power plant in California.
Counsel to Administrative Agent for Ultimates Facility in Relativity Fashion, LLC in connection with the Chapter 11 Bankruptcy of the third largest mini-major film production company.
Counsel to Administrative Agent for First Lien Facility and DIP Facility in Cal-Dive International, Inc. in connection with the liquidation of this marine contractor formerly providing manned diving, pipe burial services to the offshore oil and natural gas industry.
Counsel to the Indenture Trustee for the Senior Unsecured Notes of Seadrill Ltd. In the Chapter 11 Restructuring of this world leader in offshore deepwater drilling.
Counsel to the Indenture Trustee for the Senior Secured Bonds of Avaya, Inc. in connection with the Chapter 11 Restructuring of this global provider of contact center, unified communicating and networking products and services.
Counsel to Indenture Trustee of Berry Petroleum, LLC’s Senior Unsecured Notes in connection with the Chapter 11 Bankruptcy of Linn Energy LLC, an independent oil and gas limited partnership.
Counsel to the Indenture Trustee and bondholders with respect to the Arco notes and Equistar notes in the Chapter 11 case of Lyondell Chemical, the third largest Chemical Company in the world.
Counsel to certain senior secured noteholders in connection with the out-of-court financial restructuring of a wireless communication services company in Ohio and Indiana.
Indenture trustee of American Airlines in its Chapter 11 case.
Debtor’s counsel in the prenegotiated Chapter 11 case of a large logging and wood manufacturer.
Committee counsel in the ad hoc noteholders committee’s litigation over the change of control provisions in the applicable indenture of natural gas and crude oil company Petro Hawk.
Counsel to a creditor of the defaulted indebtedness of Argentina.

Education

New York University School of Law, 1984, LL.M. (Corporate Law)
Boston University School of Law, 1982, J.D.
Brooklyn College, 1979, B.A.

Admissions

New York
Massachusetts
New Jersey
Supreme Court of the United States
US Court of Appeals for the Second Circuit
US Court of Appeals for the Sixth Circuit
US District Court for the Northern District of New York
US District Court for the Eastern District of New York
US District Court for the Southern District of New York
US District Court for the District of New Jersey
Supreme Court of New Jersey
State of New York Court of Appeals

Awards and Affiliations

Recognized, Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, New York, NY, The Best Lawyers in America (2022–2024)

Lawyer of the Year, Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, New York, The Best Lawyers in America (2020)

Recommended, Finance: Restructuring (including bankruptcy): corporate, The Legal 500 US (2019)

Listed, The Legal 500 United States for Corporate Restructuring (2014–2016)

Member, Law360 Bankruptcy Editorial Advisory Board (2015)

Member, 2014 Law360 Bankruptcy Editorial Advisory Board

Member, New York City Bankruptcy Assistance Project’s Steering Committee

Member, American Bar Association’s Business Reorganization Section and Committee on Trust Indentures

Member, United Jewish Appeal Federation’s Bankruptcy and Reorganization Planning Committee

Member, American Bankruptcy Institute’s Plan Procedure and Structure Advisory Committee

Former Chair, American Bankruptcy Institute’s Committee on Public Companies and Claims Trading (1993–2007)

Former Co-Chair, Annual ABI-New York City Bankruptcy Conference (2008–2012)