SOURCE: MorrisAnderson

MorrisAnderson

April 29, 2010 07:00 ET

Former U.S. Trustee Kelly Beaudin Stapleton Joins MorrisAnderson as Managing Director in Its New York Office

CHICAGO, IL--(Marketwire - April 29, 2010) -  MorrisAnderson today announced it has appointed Kelly Stapleton as a Managing Director in its New York office. MorrisAnderson is a leading financial and operational advisory firm, offering interim management and financial restructuring services to distressed and underperforming businesses across all industries in the middle market.

As a Managing Director in the New York office, Stapleton will be an integral part of the leadership team and responsible for growing the firm's East Coast presence. She will also provide financial and business counsel to MorrisAnderson's debtor-based clients, building upon her extensive experience with bankruptcy and creditors' rights. Stapleton joins MorrisAnderson from a New York boutique financial-advisory firm where she represented creditors and debtors in reorganizations, liquidations, section 363 sales and fraud investigations. Serving as a financial advisor, she has worked on notable cases such as Meadocraft, Value City, Trinsum, Archway Cookies and Comfort Co. (Sleep Innovations).

"Kelly brings invaluable insight into the bankruptcy and restructuring process and the critical issues facing distressed companies, creditors and lenders in a wide range of industries," said Domenic Aversa, Principal and Manager of the New York City office. "MorrisAnderson's long-standing success stems from its deep operational experience; however, Kelly's legal and creditor experience adds a new dimension to our skill set that will be vital to the national growth of our firm."

With more than 15 years of professional experience, Stapleton previously served as U.S. Trustee for Region 3. Appointed by the U.S. Attorney General, Stapleton managed the bankruptcy system for Delaware, Pennsylvania and New Jersey and oversaw all bankruptcies filed in these states. During her tenure, she also was responsible for oversight on hundreds of significant corporate restructurings, including Dura Automotive, New Century Financial, W.R. Grace & Co., Sharper Image, Owens Corning, Linens N Things and Buffets, Inc. Stapleton also spent 10 years practicing law in the private sector, and began her career prosecuting cases as an assistant district attorney in Philadelphia.

Stapleton holds a bachelor's degree from the University of California, Los Angeles and a J.D. from Georgetown University Law Center. She is active in the American Bankruptcy Institute (ABI) where she co-chairs the Business Writing Competition and is the Education Director of the Ethics Committee. Stapleton is also involved with the Pennsylvania Bar Association, serving on its Executive Council and previously co-chairing its Women in the Profession committee.

Stapleton's appointment follows MorrisAnderson's recent hiring of Kevin Flanagan as Managing Director of the Milwaukee office and Terry Bartz as Managing Director of the Minneapolis office.

"This infusion of dynamic, experienced talent is central to our goal of expanding MorrisAnderson's core capabilities in the middle market to meet the changing needs of businesses, and in particular, creditors," said Dan Dooley, Principal and COO of MorrisAnderson. "All of our offices will benefit from the addition of proven leaders with unique experience that can diversify our offerings to a wide range of clients."

As part of MorrisAnderson's growth strategy, the firm's New York, Atlanta, Cleveland and Chicago offices are actively recruiting professionals with financial advisory experience to augment its existing operational advisory work.

About MorrisAnderson
Now celebrating its 30th anniversary, Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, St. Louis, Charlotte, N.C. and Minneapolis. The firm's service offerings include performance improvement, financial advisory, interim management, turnarounds, workouts, litigation support and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on involvement for companies with $50 million to $500 million in annual sales. 

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