Jay M. Goffman ā Partner at Skadden, Arps, Slate, Meagher & Flom
Executive Bio
Mr. Jay M. Goffman is a Partner at Skadden, Arps, Slate, Meagher & Flom, L.L.P. Mr. Goffman represents major corporations, financial institutions, creditor committees, bank groups, bondholders, equity holders, investment funds and investors in all types of business ventures, transactions, investments and restructurings related to troubled company situations ' including Chapter 11 cases, out-of-court workouts, exchange offers, tender offers and prepackaged restructurings and acquisitions ' throughout the United States and the world. Turnarounds & Workouts selected Mr. Goffman as one of the top 10 bankruptcy lawyers in the country in its first annual survey in 1997, highlighting his innovative out-of-court restructuring for Evergreen International Aviation. His work for Evergreen had been profiled in The Wall Street Journal at that same time. In every subsequent year, Mr. Goffman has been selected as one of the leading restructuring lawyers in the country by various corporate restructuring organizations. Mr. Goffman's restructuring practice is a virtual 'who's who' of the past two decades. In addition, Mr. Goffman has represented numerous debtors, creditors and investors in numerous non-prepackaged restructurings, including serving as debtor's counsel in the Chapter 11 case of Olympia & York World Financial Center Finance Corporation. In his early years of practice, Mr. Goffman practiced at Burns Summit Rovins & Feldesman and at Weil, Gotshal & Manges LLP. He serves as a Director at American Bankruptcy Institute, Inc. Mr. Goffman has published a variety of articles and lectured on numerous restructuring topics, including Prepacks, restructuring in the utility industry, lender liability, corporate governance, fiduciary duties of board of directors, 'zone of insolvency' issues, loan documentation and basic bankruptcy analysis. He assisted the National Bankruptcy Review Commission with respect to potential legislative amendments regarding Prepacks and shortly thereafter co-chaired a committee of premier bankruptcy lawyers addressing potential bankruptcy legislation. Mr. Goffman is also a member of several professional organizations and for a decade was a director of The Partnership for the Homeless, a charitable organization in the New York City area.