Marc A. Levinson is a partner in the Restructuring Group. Mr. Levinson is nationally recognized for his capabilities in complex reorganizations and restructurings, out-of-court workouts and other insolvency matters. In 2009, Mr. Levinson was named one of The American Lawyer's "Dealmakers of the Year" for his role in the bankruptcy case of the largest California city ever to seek Chapter 9 relief. He also was ranked this year by Chambers USA as one of the top restructuring lawyers in California. A sample of notable recent engagements includes the following.
- City of Vallejo, California. Mr. Levinson is the lead insolvency lawyer on the Orrick team that filed a Chapter 9 case for this city of more than 120,000 residents in May 2008, making it the largest California city to seek bankruptcy relief. The case has generated cutting edge legal issues, as well as litigation over a number of hotly-contested factual issues, including those relating to the city's insolvency and its eligibility to be a Chapter 9 debtor.
- Official Committee of Equity Security Holder of USA Capital Diversified Trust Deed Fund LLC. Mr. Levinson led an Orrick team in representing the interests of approximately 1,300 investors whose cumulative investment exceeds US$150 million. The Diversified case is one of five companion Chapter 11 cases pending in Las Vegas. The total investment in the Chapter 11 debtors approximates US$1 billion. The joint plan of reorganization went effective on March 12, 2007, and Orrick now represents the revested Diversified Fund.
- Oxford Automotive and Polymer Group. Mr. Levinson was the lead bankruptcy partner in Orrick’s representation of a multibillion dollar distressed debt fund that acquired a controlling interest in the publicly-traded notes of two 1934 Act reporting companies. Through confirmation of consensual Chapter 11 plans (Oxford in Detroit and Polymer Group in Columbia, SC), the client acquired majority interests in the post-reorganization companies, each with a balance sheet de-levered by hundreds of millions of dollars.
- Colo.com. Mr. Levinson represented the creditors’ committee in this San Francisco Chapter 11 case of a failed colocation facility empire. During the case, which concluded with a confirmed plan of liquidation, more than 20 locations, including real estate leases and personal property, were sold as a going concern to one buyer; additional leases and equipment were sold to other buyers.
- Tri Valley Growers. This California cooperative was among the largest canners and processors of fruit in the world. In Tri Valley’s Chapter 11 case, Mr. Levinson represented a publicly-traded insurance company owed in excess of US$120 million of term debt secured by various canneries and the equipment located there. The matter was resolved consensually when Orrick’s client purchased the California operation (including assets not in its collateral package) obtaining full credit for its debt.
- IRM Corporation. Mr. Levinson headed a team of Orrick lawyers in the representation of 22 affiliated companies in Chapter 11 cases filed in Sacramento. The confirmed joint plan of reorganization resulted in the restructuring of approximately US$165 million of senior secured institutional debt and the creation of more than US$100 million in equity for investors. The reorganization plan, which was consensual among all constituencies, was the largest ever confirmed in the Sacramento bankruptcy court.
Mr. Levinson frequently lectures on bankruptcy, insolvency and corporate reorganization topics. He has spoken to numerous bar associations as well as to in-house counsel and business people at large corporations such as Wells Fargo Bank, Mitsubishi Electric America, and Lend Lease. Mr. Levinson has served as a guest lecturer at the U.C. Davis School of Law, the Pacific McGeorge School of Law, the University of Washington School of Law and the University of Southern California Law Center.
Prior to joining Orrick, Mr. Levinson was a partner at Sidley & Austin in Los Angeles from 1980 to 1990. He was an associate and partner at Shutan & Trost in Los Angeles from 1975 to 1980.