Paul Aronzon Named to Southwestern Board
Paul S. Aronzon '79, was elected to Southwestern's Board of Trustees at the Board's Spring 2011 meeting in May. One of the most prominent bankruptcy experts in the country, Aronzon is a partner and Co-Practice Group Leader of the Financial Restructuring Group of Milbank, Tweed, Hadley & McCloy LLP.
"Paul Aronzon brings tremendous insight and perspective to the Board as a highly respected leader in the legal and business communities and as an active alumnus," noted Dean Bryant Garth. "We are delighted that he has agreed to take a more formal role in the advancement of the law school as a trustee during this very exciting time in Southwestern's history." The law school is celebrating the 100th anniversary of its founding this year.
Over the past three decades, Mr. Aronzon has specialized in representing debtors and creditors in reorganization cases and out-of-court workouts across a wide array of industries, including aerospace/defense, agriculture, airline, apparel, automotive, cable and broadcasting, chemical, commercial real estate, construction, energy, entertainment, financial services, food and restaurant, gaming, healthcare, housing development, manufacturing, mining and timber, oil and gas, pharmaceutical, publishing, retail, shipping, and telecommunications.
Mr. Aronzon also represents private equity funds, hedge funds and other financial institutions acquiring control positions in financially distressed companies and advises boards of directors of public companies on corporate governance and fiduciary duty matters in the restructuring context. In one of his most high profile cases, Mr. Aronzon and a Milbank team represent Lehman Bros. Official Unsecured Creditors Committee in the Chapter 11 bankruptcy cases involving over $600 billion in assets and significantly more in liabilities. He was also recently lead Bankruptcy counsel in the largest (over $9 billion in total invested capital) ever casino company Chapter 11 bankruptcy case, filed by Station Casinos, Inc. and its affiliates. Additionally, he represented the Palms Casino in its recent out of court restructuring transaction. He has handled cases involving companies such as Lyondell Chemical; MGM; Pacific Gas & Electric; Trump Casino Holdings, LLC; Nextel International; LIVE Entertainment, Inc.; Southern California Edison; U.S. Airways; Delta Air Lines, Inc.; Northwest Airlines Corp.; United Artists Theatre Circuit; Edwards Theatres Circuit; and Regal Cinemas, to name a few.
Mr. Aronzon frequently lectures and writes on bankruptcy topics and is the co-author of several chapters of the Advanced Chapter 11 Bankruptcy Practice Manual and various articles for journals. He is often recognized as one of the most influential business lawyers in California and the nation by the Daily Journal, Super Lawyers Magazine, California Lawyer, LawDragon's Leading Lawyers in America, and Chambers, among numerous other entities.
A member of the California and New York State and District of Columbia bars, Mr. Aronzon is a 1976 cum laude graduate of California State University, Northridge, and received his law degree from Southwestern in 1979.