Marc serves as Chair of Kaye Scholer’s Bankruptcy & Restructuring Department in Los Angeles. He has nearly 40 years of experience in bankruptcy law and corporate reorganization, with particular emphasis on the representation of bondholders, secured creditors, creditors’ committees, and debtors-in-possession. He currently represents the California State Controller in disputes with life insurance companies regarding escheat matters, the Controller and the California Department of Finance in the City of San Bernardino Chapter 9 proceeding, and LAX in connection with the American Airlines Chapter 11.
He recently concluded the representation of the Official Committee of Participant Creditors in the California Power Exchange Corporation Chapter 11 proceeding and currently represents the Reorganized California Power Exchange Corporation in various matters, including those pending in the Pacific Gas and Electric Company Chapter 11 proceedings, and matters before the Federal Energy Regulatory Commission. He also recently concluded the representation of the Official Committees of Unsecured Creditors of 25 Burger King restaurants and 70 Jack in the Box restaurants.
Marc has represented clients in a variety of areas, including state and city agencies, energy, aviation, real estate and entertainment. He has been involved in out-of-court acquisitions, and the purchase and sale of assets in chapter proceedings, including those resulting from plans of reorganization.
In 2014, Marc was chosen by California Lawyer magazine as a recipient of its prestigious California Lawyer Attorneys of the Year (CLAY) Award, for his representation of the State Controller’s Office in recovering billions of dollars in unpaid life insurance and annuity proceeds from insurance companies. Chambers USA 2014 ranks him as a leading practitioner in Bankruptcy & Restructuring and says, “[c]lients ‘feel comfortable that he knows how to bring about successful solutions.’” Marc has been recognized as a Leading Individual in Chambers USA: America’s Leading Lawyers for Business since 2006. He has been ranked for the past 20 years in Best Lawyers in America for Bankruptcy and Creditor Debtor Rights, and Insolvency and Reorganization. Additionally, Marc was named the 2006 Bankruptcy Lawyer of the Year by the Century City Bar Association.
He is a two term member of the Cornell University Council, is a Fellow in the American College of Bankruptcy, and a two term lawyer representative for the Ninth Circuit Judicial Conference. He has served as chair of the Executive Committee of the Commercial Law and Bankruptcy Section of the Los Angeles County Bar Association, and has served two terms as a member of the Insolvency Committee of the State Bar of California. For nearly 40 years, Marc has participated in several speaking engagements, given numerous lectures and written on bankruptcy issues. He has recently spoken on escheat issues, “Unclaimed Life Insurance, Audits, Settlements & Litigation” at the annual conference of the National Association of State Auditors, Comptrollers and Treasurers (NASACT) in August 2013 and “Effective Auditing & Collection of Unclaimed Life Insurance Proceeds,” for the National Association of State Treasurers in May 2012. His most recent publications address the ongoing state bankruptcy debate, “Chapter 9 Municipal Bankruptcy: Municipalities Facing Financial Crisis,” American Bankruptcy Institute Battleground West Program, March 4, 2011; the energy regulatory markets in California, “The Aftermath and Jurisdictional Quagmire Following California’s Energy Crisis,” Business Law News, Spring Edition, Issue 2, 2005; and “The Jurisdictional Quagmire Continues – Calpine’s Bankruptcy Proceedings,” Business Law News, Spring Edition, Issue 2, 2006.
Marc is actively involved with the Miracle Mile Civic Coalition and serves as the Chairman of the Model Adopt-A-Fire Station Program for the Los Angeles Fire Department. Marc is Chairman of the First-In Fire Foundation and has been named an Honorary Fire Chief by the LAFD. Marc is also a Major in the California State Military Reserve, JAG Corps, and serves as Deputy Counsel — Cyber Defense for the California Military Department.
- Kaye Scholer Advances in Chambers USA Rankings May 19, 2015
- Kaye Scholer, Debtwire Produce Influential Distressed Debt Market Report February 2015
- Distressed Debt Survey Reveals Significance of 2015 Market Developments February 10, 2015