Ball, Corinne

Current Employment Position(s)

Partner

Lawyer Overview

Corinne Ball has 30 years of experience in business finance and restructuring, with a focus on complex corporate reorganizations and distressed acquisitions, both court-supervised and extra judicial, including matters involving multijurisdictional and cross-border enterprises. She is co-head of the New York Office's Business Restructuring & Reorganization Practice and leader of the Firm's global restructuring practice.

Corinne led a team of attorneys representing Chrysler LLC in connection with its successful chapter 11 reorganization, which won the Investment Dealers' Digest Deal of the Year award for 2009. She also led a team of attorneys in the successful restructuring of Dana Corp., which emerged from bankruptcy in 2008, and has orchestrated many other complex reorganizations involving companies such as Axcelis Technologies, Kaiser Aluminum, Oceans Casino Cruise Lines, Tarragon, and The Williams Communications Companies. In addition, she has counseled lenders and bondholders in the ABFS, Comdisco, Excite@Home, Exide SA, GST Communications, Iridium, Loews, NorthPoint Communications, Telergy, VARIG Airlines, and Worldcom restructurings, among others. Corinne also has advised on loans, acquisitions, and workouts involving professional sports franchises, including the Charlotte Bobcats, the Detroit Redwings, the Minnesota Wilds, the New Jersey Devils, and the Phoenix Coyotes.

Corinne leads the Firm's distressed M&A efforts and is the featured "Distress M&A" columnist for the New York Law Journal.

Corinne won the Turnaround Management Association's "International Turnaround Company of the Year" Award and was named "Dealmaker of the Year" by The American Lawyer and one of "The Decade's Most Influential Lawyers" by The National Law Journal. She is a director of the American College of Bankruptcy and the American Bankruptcy Institute.

Areas of Practice

• Business Restructuring & Reorganization
• Credit Crisis
• Chapter 11 Debtor Representations
• Official Unsecured Creditors' Committees
• Secured Lender Groups
• Bondholder Committees
• Distressed Company Litigation
• Distressed Mergers & Acquisitions
• Global Restructuring Matters
• Other Significant Creditor Representations
• Out-of-Court Restructurings
• Restructuring-Related Lending & Finance
• Airlines & Aviation
• Automotive
• Financial Services
• Metals & Mining

Representative Cases

• American Airlines secures alliance with Japan Airlines and wins preliminary antitrust approval for joint venture with British Airways and Iberia , (2009)
• Axcelis Technologies in agreement to sell its interest in joint venture SEN Corporation to Sumitomo Heavy Industries , (2009)
• Chrysler sold to Fiat-led "New Chrysler" after historic court proceedings , (2009)
• Continental Airlines listed as creditor in Delta bankruptcy , (2009)
• Dana Corp sells interest in GETRAG for $205 million
• Dana Corporation obtains Global Settlement and creates VEBA trusts for retiree health care benefits , (2009)
• Dana Corporation successfully reorganizes in U.S. and U.K. in "Deal of the Year" , (2009)
• Financial Guaranty Insurance Company completes reinsurance transaction with MBIA Insurance , (2009)
• France Télécom S.A. acquires Equant for $6.4 billion , (2009)
• France Télécom S.A. acquires Equant for $715 million
• General Motors dissolves alliance with Fiat , (2009)
• Hagemeyer refinances existing debt
• Hagemeyer succeeds in cross-border restructuring , (2009)
• IBM Credit restructures loan to Applied Digital
• International Steel Group acquires Bethlehem Steel assets
• International Steel Group purchases assets of Weirton Steel and Georgetown Steel in their respective chapter 11 cases
• Kaiser Aluminum and twenty of its subsidiaries emerge successfully from chapter 11 protection , (2009)
• MBIA is creditor in subprime mortgage case , (2009)
• Merrill Lynch loans $290 million to Telergy
• Merrill Lynch on bondholder committee in Loews bankruptcy
• Metaldyne completes $65 million tender offer to purchase outstanding 10% Senior Notes and 11% Senior Subordinated Notes , (2009)
• Metaldyne files for bankruptcy protection
• Northpoint Communications bondholder committee appointed
• Oceans Casino Cruises restructures $36 million loan
• Promethean Asset Management invests $50 million in Excite @ Home
• Renaissance Technologies in transaction with European banks
• Textile manufacturer restructures $155 million debt , (2009)
• Tower Automotive retired employees reach settlement with company
• Williams Communications Group files for chapter 11 , (2009)
• Williams Communications signs $375 million exit credit agreement
• WL Ross acquires Safety Components International

West Practice Categories

Banking & Finance Law, Bankruptcy Law, Bankruptcy Litigation, Business & Commercial Law, Business & Trade, Business Organizations, Collections & Repossessions, Collections & Repossessions, Commercial Bankruptcy, Commercial Leasing, Consumer Bankruptcy, Creditors' Rights, Debt Discharge, Dissolution, Foreclosures, Garnishment, International Law, Litigation & Appeals, Mergers, Acquisitions & Divestitures, Reorganizations, Reorganizations & Restructuring, Securities Law, Workouts

Bar Admissions

• New York

Education

• George Washington University
• Williams College

Published Works

• Bankruptcy Judge Adopts Enterprise Approach to REITs, New York Law Journal, Corporate Update, 2009
• At The Wheel, The American Lawyer, 2009
• United Airlines Recharacterization ‘Victory’ Revisited, New York Law Journal, Corporate Update, 2009
• Dealmakers of the Year, The American Lawyer, 2009
• Clear Channel: A Sea Change In 363 Sales? New York Law Journal, 2009
• Advice for Corporate Directors, Mergers and Acquisitions 2010: Trends and Developments, Practising L. Institute, 2009
• Buyer’s Dream Turns Into Nightmare for Everyone, New York Law Journal, Corporate Update, 2008
• Bank Failures Create Attractive Opportunities, New York Law Journal Corporate Update, 2008
• Credit Crisis Enables Bold Strikes by Investors, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2008
• Unaddressed Issues Scuttle Delphi Bankruptcy Plan, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2008
• Jones Day Charts Dana Corporation's Path to Successful Emergence From Chapter 11, 2008
• Another One Falls: Shades of Drexel Burnham? Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2007
• Second Ruling Cites Markets In Determining Solvency, Distressed Mergers and Acquisitions, New York Law Journal, Corporate Update, 2007
• Q&A With Jones Day's Paul Leake and Corinne Ball, Bankruptcy Law360, 2007
• Teleglobe's' Implications For Attorney-Client Privilege, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2007
• Northwest Bankruptcy: Market Test of Plan Not Required, Distress Mergers & Acquisitions, New York Law Journal, Corporate Update, 2007
• Court Relies on Markets For Proof of Spin-off's Value, Distress Mergers & Acquisitions, New York Law Journal, Corporate Update, 2007
• Delphi and Pre-emptive Takeovers in Chapter 11, Distress Mergers & Acquisitions, New York Law Journal, Corporate Update, 2007
• 'Free and Clear' Protections Extend to Set-off Provisions, Distressed Mergers and Acquisitions, New York Law Journal, Corporate Update, 2006
• Duties of Subsidiary Directors Run to Subsidiary, Not Parent, Distressed Mergers and Acquisitions, New York Law Journal, Corporate Update, 2006
• Ruling in ‘Kaiser’ Clarifies Pension Plan Termination, Distressed Mergers and Acquisitions, New York Law Journal, Corporate Update, 2006
• Navigating Cross-Border Insolvency Proceedings, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2006
• 'Delphi' May Encourage Formation of Equity Panels, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2006
• Ruling Suggests 'Inattention' May Lead to Personal Liability, Distressed Mergers, The New York Law Journal, Corporate Update, 2005
• New British Pension Rules Require Early Consideration, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2005
• Secured Mezzanine/High Yield Debt: Loan to Own? Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2005
• Creditors' Claims Against Directors, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2005
• Section 1145: Theory Versus Practice, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2004
• Credit Bidding As an Effective Tool, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2004
• Section 363 Sales: Is It Ever Too Late to Bid? Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2004
• Pension Considerations In a Sale of Assets, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2004
• Turnaround Management: An Inherent Conflict? Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2004
• Fallen Angels, Spin-Offs And Tax Attributes, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2004
• Rethinking Auctions Under 'Revlon' And Bankruptcy Code §363, Distressed Mergers & Acquisitions, New York Law Journal, Corporate Update, 2004
• Bidding Procedures and Sale Orders: The Keys to Distress M&A, American Law Institute-American Bar Association Publication (SJ025 ALI-ABA 411), 2003
• Comparison of Chapter 11 of the U.S. Bankruptcy Code and the System of Administration in the UK, 2003
• How to Handle Corporate Distress Sale Transactions, ALI-ABA Business Law Course Materials Journal, 2003
• A Practical Guide to Distress M&A, The M&A Lawyer, 2003

Address

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New York, NY 10017-6702

Phones

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Faxes

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Websites

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