Mr. Wasserman is Chair of the firm’s Distressed Debt and Claims Trading practice group, and a member of the firm's Management Committee. He has extensive experience in the areas of distressed debt and claims trading, mergers and acquisitions, private and public securities offerings, including initial public offerings (representing both issuers and underwriters), SEC reporting matters and venture capital transactions. Mr. Wasserman also advises his clients, both small private companies and large public institutions, in general corporate matters.
His clients have included various hedge funds in their distressed bank debt trading activities as well as the New York and London distressed bank trading desks of several major investment banks.
Recent Transactions
• Represented an issuer in the sale of (i) US$ 350 million of senior notes under a "fall away" mortgage structure; (ii) an aggregate of US$ 200 million of stated value of trust preferred securities; (iii) a total of US$ 330 million stated value of monthly income preferred securities; and (iv) in the establishment of US$ 725 million of secured and unsecured medium term note programs.
• Represented an electric utility holding company and its subsidiaries in the auction sale of 4100 MW of fossil and hydroelectric generating stations consisting of 26 stations and future development sites in New Jersey, Pennsylvania and Maryland for US$ 1.7 billion, including the related power purchase, interconnection and ancillary agreements.
• Represented private equity fund in investment into publicly traded book publisher.
• Represented publicly traded beverage company in acquisition of key competitor.
• Represented publicly traded pharmaceutical company in a going private transaction.
Publications
• Co-Author, "Recent New York Decision Provides Clarity on the Application of Champerty Law to Secondary Market Transactions," Brown Rudnick Alert, October 2009
Bar Admissions & Memberships
• Admitted, New York Bar
• Member, American Bar Association
• Member, The Loan Syndications and Trading Association's Legal Advisory Committee and Trade Practices and Forms Committee
