Key Experience

  • Assists in high-end insolvency matters in a wide range of industries.
  • More than 25 years’ experience in corporate restructurings, with a particular focus on creditors’ rights.


Lisa Beckerman advises on corporate restructurings and creditors’ rights, working with clients across the country in a broad range of industries, including manufacturing, airlines, media, energy and real estate. She assists both in Chapter 11 cases and out-of-court restructurings.

Representative Work

  • Advised Media News Group in a successful acquisition of the storied Boston Herald for approximately US$12 million through a Section 363 sale.
  • Advising FirstEnergy Solutions Corp. (FES) in its US$5 billion debt restructuring, which is among the largest and most complex filings of 2018. Lisa was part of a team that devised a multipronged operational and balance-sheet restructuring strategy in an effort to save plants and more than 3,000 jobs. To date, FES has secured big wins over contract counterparties on rejecting costly power purchase agreements and has developed a massive public affairs operation aimed at delivering regulatory support for the fleet. It has also secured a comprehensive US$1 billion-plus global settlement with parent FirstEnergy Corp. less than five months into the Chapter 11 cases, eliminating the threat of years of protracted litigation, and it sold certain noncore assets.
  • Advising the debtor-in-possession lenders and first lien lenders in Mission Coal’s Chapter 11 cases, where the debtors are trying to sell all of its assets, either through a Section 363 sale or a plan of reorganization within a short period.
  • Counseled the ad hoc senior secured lenders of Jack Cooper Holdings Corp. in its out-of-court restructuring exchange transaction that resulted in the retirement of US$492.2 million of the company’s outstanding debt.
  • Advised the ad hoc noteholders of Stone Energy Corporation. During the company’s restructuring, the team successfully argued that the company’s assets should be open to additional bidders. The assets ultimately sold for US$527 million, US$167 million more than originally contemplated by Stone. This case involved significant plan confirmation litigation relating to objections by various licensors of the debtor’s seismic data. Although these claims were potentially in the hundreds of millions of dollars, the team successfully negotiated a settlement that resolved all seismic objections for an aggregate payment of US$3.3 million.


Public Service and Affiliations