SOURCE: Cooley Godward Kronish LLP

April 21, 2008 09:00 ET

Cooley Selected to Advise in Several Major Retail Bankruptcies

NEW YORK, NY--(Marketwire - April 21, 2008) - Cooley Godward Kronish announced today that the Firm's Bankruptcy and Restructuring group has been selected as committee counsel in several major retail insolvencies in recent months. Led by Partner Larry Gottlieb, the group is representing creditors' committees for retailers including The Sharper Image, CompUSA, Lillian Vernon, Harvey Electronics, The Domain Company, Wickes, Hancock Fabrics, Bombay Company, Princeton Ski Shops and Levitz Furniture in their bankruptcy proceedings.

"Cooley is a preeminent advisor to creditors in bankruptcy situations and we are pleased to be a go-to firm that creditors turn to for counsel in these proceedings," said Gottlieb. "Given the fact that in 2008, the number of retail bankruptcies and liquidations is expected to reach the highest levels since the 1991 recession, we anticipate a high level of activity for the remainder of the year."

Cooley is one of the top 10 U.S. legal advisors on bankruptcy and restructuring matters, according to leading business publication The Deal. The Firm represents secured lenders, official and unofficial creditors' committees, equity committees, employee and retiree committees, tort committees, investors in distressed situations, purchasers of assets, debtors and companies and governmental entities in the negotiation of complex reorganizations.

About Cooley Godward Kronish LLP

Cooley Godward Kronish's 650 attorneys have an entrepreneurial spirit and deep, substantive experience, and are committed to solving clients' most challenging legal matters. From small companies with big ideas to international enterprises with diverse legal needs, Cooley has the breadth of legal resources to enable companies of all sizes to seize opportunities in today's global marketplace. The Firm represents clients across a broad array of dynamic industry sectors, including technology, life sciences, real estate, financial services, retail and energy.

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