Gregory Pesce, ’11, Named in Bloomberg Law's "They've Got Next: The 40 Under 40"
They’ve Got Next: The 40 Under 40 - Greg Pesce of White & Case
Gregory Pesce
Age: 38
Law Firm: White & Case
Practice Area: Bankruptcy & Restructuring
Title: Partner
Location: New York
Law School: University of Chicago Law School
Please describe two of your most substantial, recent wins in practice.
In the Celsius Network crypto bankruptcy, I represent the Official Creditors’ Committee, the fiduciary for 600,000 users who used the exchange pre-bankruptcy. Our representation has been novel. We created one of the first court-approved official twitter handles for the committee to communicate with our massive constituency.
We have sought to simplify the bankruptcy process for our constituents, such as getting court approval to file the first-ever class action on behalf of account users to preserve claims for fraud and malfeasance against the former management. Finally, we spearheaded a creditor-driven auction process to find the sponsor that will fund Celsius’ s reorganization, which will generate billions of dollars of value for Celsius’s account users.
Last year, I concluded a six-plus year representation of the lead creditors of a Peruvian fishery business that filed for bankruptcy in New York. Early on, the court appointed a trustee to oversee the bankruptcy. The trustee’s marketing process didn’t result in a sale after years, so I helped creditors take control of their own destiny by filing their own creditor restructuring plan that wrested control of the bankruptcy and cleared the way for creditors to reorganize the company with $150 million of funding provided by creditors.
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