Ivan L. Kallick
Partner | Chair, Bankruptcy
Jeffrey A. Mannisto
Partner | Chair, Tax, Employee Benefits and Executive Compensation
Ellen R. Marshall
Partner | Financial Services Group
Manatt developed and executed a bankruptcy strategy for a regional bank which maintained value at the holding company level by causing the holding company to be put into Chapter 11 despite the fact that it was the subsidiary operating bank whose assets had been seized by regulators. The strategy aimed for a multimillion-dollar tax refund to be paid to the holding company. We also advised FirstFed on the tax aspects of the bankruptcy.