Strategies for Addressing Compensation and Benefits Issues in Chapter 11 Bankruptcies

Tuesday, October 6, 2015 | 6 pm – 8 pm

Kenneth J. Laverriere Shearman & Sterling, LLP

Program Co-Chair
Kenneth J. Laverriere
Shearman & Sterling, LLP

Program Co-Chair Thomas R. Slome, Meyer, Suozzi, English & Klein, P.C.

Program Co-Chair
Thomas R. Slome
Meyer, Suozzi, English & Klein, P.C.

  • Senior practitioners from the fields of bankruptcy, compensation and benefits will discuss current legal developments and strategies for addressing compensation and benefit issues that frequently arise in Chapter 11 reorganizations.

    The program will address:

    • The structuring and implementation of employee retention programs and severance arrangements and compliance with Federal and state WARN statutes.

    • Issues related to retirement benefit obligations, including multiemployer plan withdrawal liability, restructuring of retiree health obligations, and strategies for negotiating with Pension Benefit Guaranty Corporation and for addressing liabilities related to ongoing and terminated pension plans.

    • The interaction between ERISA and the Bankruptcy Code with respect to fiduciary liability claims and the joint and several liability of non-bankruptcy affiliates of the debtor

    Who Should Attend: The program is ideally suited for attorneys, financial advisers and investment managers who want to gain a deeper understanding of the compensation and benefit issues associated with corporate reorganizations (both in and out of court) and the strategies for addressing compensation and benefits claims.  


    Live Program:
    $199 Member/$299 Nonmember
    Small Law Firms: $99 Member/$199 Nonmember

    Please call 212-382-6663 for the Small Law Firm rate. 

  • Richard J. Corbi
    Law Clerk to the Honorable Alan S. Trust United States Bankruptcy Court

    Robert C. Fleder
    Paul, Weiss, Rifkind, Wharton & Garrison LLP

    Marjorie M. Glover
    Chadbourne & Parke LLP

    Daniel C. Hagen
    Jones Day

    Karen L. Morris
    Pension Benefit Guaranty Corporation

    Wayne Owen
    Pension Benefit Guranty Corporation

    Brian M. Resnick
    Davis Polk & Wardwell LLP

  • 6:00 pm – 6:05 pm Program Co-Chairs
    Kenneth J. Laverriere and Thomas R. Slome
    6:05 pm – 7:00 pm

    Executive and Non-Excutive Compensation and Benefit Issues
    (other than pensions)

    • When and how compensation issues arise
    • KEIPs, KERPs and other executive arrangements
    • WARN and severance claims
    • Issues under Sections 1113 and 1114 of the Bankruptcy Code
    • Structuring for post-emergence
    • Golden Parachute claims
    • Litigation issues to be aware of when either seeking compensation or objecting to compensation packages
    • Practice pointers and takeaways

    Moderator: Richard J. Corbi

    Panelists: Marjorie M. Glover and Daniel C. Hagen

    7:00 pm – 8:00 pm

    Pensions and PBGC Involvement

    • PBGC’s role in Bankruptcies
    • Plan Terminations in and outside bankruptcy
    • Types of Claims (PBGC and MEPPs)
    • Recent legal developments
    • Unfiled affiliates ( foreign subsidiaries and parents, PE sponsor exposure)

    Moderator: Brian M. Resnick

    Panelists: Robert C. Fleder, Karen L. Morris and Wayne Owen

  • CLE Credit
    NY: 2.0 professional practice
    NJ: 2.3 general
    CA: 2.0 general
    PA: 1.5 general

  • Save on DVDs & CDs
    *DVDs: $199 Member/$299 Nonmember
    *DVDs for Small Law Firms: $99 Member/$199 Nonmember
    *CDs: $149 Member/$229 Nonmember
    *CDs for Small Law Firms: $79 Member/$149 Nonmember
    *Materials Only (no CLE credit):$99 Member/$129 Nonmember
    * New York residents will be charged the New York sales tax for all audio visual purchases.

  • Can’t make it to the program in person? Now you can attend this program from your office or home. Register and view by clicking on the Casemaker logo below:

    Casemaker

  • Sponsoring Association Committees:
    Bankruptcy & Corporate Reorganization, Thomas R. Slome, Chair
    Employee Benefits & Executive Compensation, Sarah Downie, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Ann Rappleye, Director of Programs, City Bar Center for CLE | (212) 382-6606 | ARappleye@nycbar.org or