Financial Restructurings & Chapter 11 Cases
Financial restructurings are transactions (and sometimes also litigation matters) within a crisis scenario. August believes they require a highly specialized understanding of the legal and transactional nature of the Chapter 11 process, along with the comprehensive and empathetic crisis communications strategies that speak to all constituents. One without the other is not enough.
The August team recognizes that one of the most challenging aspects of communicating effectively during a financial restructuring is managing uncertainty and concerns during the lead-up to the Chapter 11 filing. We have extensive expertise in finding the right balance between providing assurance and maintaining credibility during this dynamic pre-filing period when the path forward is unclear.
We also appreciate the importance of ensuring that there is a precise and comprehensive plan for communicating with all stakeholders on the day of the restructuring or Chapter 11 filing announcement to maintain control of the narrative as much as possible. At the same time, we are mindful that although this announcement is a significant milestone, it is not the finish line. The best communications strategies leave flexibility for unexpected turns of events, which requires support from experts with an appreciation for obstacles on the path toward a Chapter 11 restructuring.
The August team has advised on dozens of in-court and out-of-court restructurings, including many of the largest, most complex, and highest profile Chapter 11 cases in history. We combine this depth of expertise with a thorough approach to ensure we are asking the right questions and gathering all relevant information to develop and implement communications strategies that are comprehensive and precisely tailored to each situation.
For more information, please contact Steven Goldberg at 323.892.5562 / Steven.Goldberg@AugustCo.com.