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Manny Grillo is a partner in Goodwin Procter’s Financial Institutions Group and chairs its Financial Restructuring Practice. He is also a member of the firm’s Debt Finance Practice and co-leader of its Municipal Bankruptcy Group. Mr. Grillo represents secured and unsecured creditors, Chapter 11 debtors and borrowers, as well as both sellers and purchasers in distressed mergers and acquisitions. His practice encompasses both out-of-court debt restructurings and the reorganization and liquidation of financially distressed businesses under Chapter 11 of the Bankruptcy Code.

Mr. Grillo regularly advises banks, hedge funds, sponsors and other financial institutions regarding insolvency and restructuring matters in complex financings and securitizations. He negotiates distressed financing transactions including debtor in possession loans on behalf of both lenders and borrowers and litigates contested confirmation and financing matters as well as avoidance actions and lender liability claims.[[Read More Delimiter]]

Mr. Grillo is a member of the firm’s Opinion Committee and co-leads the New York office’s Neighborhood Business Initiative, through which Goodwin attorneys provide pro bono legal services for micro-entrepreneurs to foster community development in underserved areas of New York City. He has also been a member of its Associate Review Committee and its Committee on Racial and Ethnic Diversity.

Mr. Grillo has represented creditors, debtors and borrowers across a variety of industries:

Financial Services

  • A troubled cooperative bank in the restructuring of more than $500 million of its debt
  • An investment fund holding debt secured by life settlement assets in a troubled hedge fund’s Chapter 11 cases
  • An ad-hoc committee of second lien creditors in the restructuring of more than $500 million of secured debt of one of the largest independent futures brokerage and clearing firms

Real Estate

  • The DIP Lender and successful bidder in the section 363 sale for Grubb & Ellis one of the nation’s largest real estate brokerage firms
  • The controlling mezzanine lender in its successful foreclosure on a portfolio of hospitality assets with a value in excess $1.5 billion
  • The sponsor of a portfolio of hospitality assets concentrated in the southeastern United States in the successful restructuring of $600 million of debt
  • Mezzanine and mortgage lenders for both commercial and multifamily residential properties and lenders to Native American gaming facilities

Other Matters

  • A top wireless device service and distribution company and its parent with revenues that exceeded $2 billion prior to bankruptcy in their Chapter 11 cases, the sale of their assets and confirmation of their Chapter 11 plan
  • Junior capital lenders to troubled borrowers in prepackaged bankruptcy cases and periodically in their exercise of remedies
  • Individual creditors and ad hoc groups of creditors in some of the country’s largest bankruptcy cases, including Lehman Brothers Holdings Inc., Northwest Airlines, Delphi Corporation and Silicon Graphics, Inc.
  • The DIP Lenders in in the NextWave Telecom cases in which he negotiated the unique DIP loan equity kicker that provided the DIP lender with a premium payable in reorganized NextWave securities at confirmation after NextWave’s litigation with the FCC in the United States Supreme Court

Prior to joining Goodwin Procter, Mr. Grillo was a partner at Torys LLP in New York City. Before that, he was a partner at Salans/Christy & Viener. He began his career as an Honors Program Attorney in the Office of the United States Trustee for the Southern District of New York of the U.S. Department of Justice.


Professional Activities

Mr. Grillo is a member of the American Bankruptcy Institute and the Turnaround Management Association.

Media

Mr. Grillo has been the keynote speaker for a number of years at the annual DebtWireInvestors Summit.  In addition, he has commented on municipal bankruptcies for Reuters, the Wall Street Journal, US News and World Report and American City & County. He is also a contributor to Goodwin’s MuniBK blog.  His other publications include:

  • “Disaggregating Assets from Liabilities to Maximize Value,” New York Law Journal (March 7, 2011)
  • “Bankruptcy Blues: Changes to the US Bankruptcy Reform Act Will Affect Troubled Portfolio Companies and their Debtholders,” Private Equity Manager (July  2005)
  • “President Bush Signs S. 256 Enacting Bankruptcy Reform Legislation,” Pratt’s Journal of Bankruptcy Law (June 2005)
  • “From First Dibs to the Last in Line,” National Law Journal  (August 18, 2003)
  • “Application of Bankruptcy Laws to Limited Liability Companies,” New York Limited Liability Companies and Partnerships, West’s New York Practice Series (2002)

In addition, he has been a speaker or presenter for the Wharton Restructuring and Distressed Investing Conference, the Practising Law Institute and the Business News Network (f/k/a Report on Business television network) in Canada.

President Bush Signs S.256 Enacting Bankruptcy Reform Legislation
Pratt’s Guide to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
June 1, 2005

Consumer and Individual Bankruptcy
Pratt’s Guide to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
June 1, 2005