Media Mentions
2011
“Deal Between Central Falls Receiver and Unions Could Benefit Bondholders”
Debtwire.com, October 20, 2011
Nathan Coco said he doubted that any challenge to the Central Falls, Rhode Island Chapter 9 bankruptcy filing would be successful. “It’s true they [filers] are required to be insolvent, but that’s relatively easy to prove in Central Falls, where it’s been reported they have $80 million of unfunded pension liability,” Mr. Coco said. He added that in situations involving “something as dire as bankruptcy,” one would expect the financial problems “would be severe enough … [to] certainly satisfy” the conditions for filing.
2010
“SK Hand Case to Shift to Chapter 7”
Deal Pipeline, December 28, 2010
Nathan Coco and Eric Orsic were named as counsel to Ideal Industries, which in August 2010 purchased the assets of SK Hand Tool Corp. SK had filed for Chapter 11 bankruptcy and was subsequently moved to Chapter 7 liquidation.
Nathan F. Coco, Eric Orsic, Corporate, Restructuring & Insolvency
2009
Nathan Coco was quoted on June 30 by Law360 in an article regarding credit default swaps that are now taking heat for adding new layers of complexity to bankruptcy proceedings and out-of-court restructurings. Mr. Coco told Law360 that while it was certainly possible that credit default swaps were changing the incentive structure for some parties, it was impossible to gauge just how big an impact the derivative transactions were having compared with a range of other common complicating factors. “There are always in restructuring situations creditors who have different interests, different motivations, who are taking different strategies in an effort to collect more. It’s part of the process,” said Mr. Coco. He continued, “If you were to get rid of credit default swaps tomorrow, you wouldn’t see a world in which all creditors hold hands with debtors and sing kumbaya.”
Nathan F. Coco, Corporate, Restructuring & Insolvency
2007
Nathan Coco was mentioned in a May 5 article published by the Daily Deal regarding CPI Corp.’s offer of $100 million in order to acquire Portrait Corp. of America Inc. Mr. Coco represents CPI. This story was also reported in AFX News.
