Lawrence A. Larose is a partner in the firm's corporate department, a senior member of the firm's restructuring and insolvency group, and Chair of the group's municipal and insurance restructuring team.
Mr. Larose assists corporate clients with sophisticated in-court and out-of-court restructurings, including mergers and acquisitions and other financial transactions. Much of his experience involves counseling major financial institutions, including investment banks, commercial banks, financial guarantors, and insurance companies.
Mr. Larose represents major creditors in literally every major municipal restructuring in recent memory, both in and out of court. These include the currently pending Chapter 9 cases of Vallejo, CA; Stockton, CA; San Bernardino, CA; and Jefferson County, AL. In addition, Mr. Larose represents major creditors in currently pending out of court restructurings of municipal debt issued by Harrisburg, PA; Scranton, PA; Woonsocket, RI; and Detroit. MI.
Among his most prominent cases, Mr. Larose was the lead counsel in the recent restructuring of MBIA Insurance Corp., the largest financial guaranty insurer in the world, and represented parties in the restructuring of Syncora Guarantee, Inc. and Financial Guaranty Insurance Company. Mr. Larose was also lead corporate counsel in the Confederation Life Insurance Company and Mutual Benefit Life Insurance Company cases, the two largest life insurance industry restructurings in U.S. history. He also was chief restructuring counsel to Foster Wheeler Ltd., one of the nation’s largest out-of-court restructurings.
Mr. Larose has written extensively on the unique legal issues faced in municipal restructurings, including unique issues under Chapter 9 of the Bankruptcy Code, and is a frequent commentator in the press on these issues.
Mr. Larose is a member of the American Bar Association, The Association of the Bar of the City of New York, the New York State Bar Association, and the New York County Lawyers Association.
Mr. Larose received a B.A., summa cum laude, in 1980 from Tufts University and a J.D., magna cum laude, in 1983 from Georgetown University Law Center, where he was a member of the Georgetown Law Journal.