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    Arent Fox LLP Wins M&A Advisor’s 2011 Turnaround Award for Reorganization Work on Behalf of The Walking Company

    March 18, 2011

    Bankruptcy Practice Group Earns “Chapter 11 Reorganization of the Year” Award

    M&A Advisor Turnaround Awards Winner

    Arent Fox LLP was named a winner of The M&A Advisor’s 2011 Turnaround Award for the firm’s work on behalf of The Walking Company in helping the national footwear retail chain successfully emerge from bankruptcy. Arent Fox earned top honors in the “Chapter 11 Reorganization of the Year” (Lower Middle Market) awards category.

    The 2011 Turnaround Awards honored deal-teams, deal-makers, and firms whose activities set the standard for the industry. An independent body of expert judges that span the M&A industry determined the ultimate recipients of the award. Winners were revealed at the invitation only gala, hosting the top restructuring, turnaround and distressed investing professionals from around the word.

    “The award winners represent the best of the turnaround, restructuring and distressed investing industry in 2011 and earned these honors by standing out in a group of very impressive finalists,” said Roger Aguinaldo, CEO of The M&A Advisor. “Arent Fox should take great pride in their award.”

    Arent Fox’s successful restructuring of The Walking Company was previously recognized by The Daily Journal – California’s leading legal publication – as one of 2010’s “innovations.”

    The Walking Company’s successful reorganization was led by an Arent Fox team including Aram Ordubegian, Douglas Flahaut, Andy Kong, and Katie Lane. Joseph Rieser provided invaluable tax advice related to the restructuring, and the team was also supported by Arent Fox’s corporate practice group.

    Arent Fox’s victory was announced at the 2011 Annual Distressed Investing Summit and Turnaround Awards Gala at The Colony Hotel in Palm Beach, Florida, where the top distressed investing, restructuring and turnaround M&A professionals and firms, were honored for their 2011 accomplishments. Bloomberg Television anchor Carol Massar served as master of ceremonies of the gala. Ms. Massar is the anchor of Bloomberg Television’s closing bell program, Street Smart, which airs daily from 3:00-5:00 pm EST.

    Since 1998, The M&A Advisor has been the preeminent organization facilitating connections and recognizing achievement among top performers of the M&A, turnaround and financing industries.