Walper to Join Plainfield Asset Management.GREENWICH, Conn. -- Plainfield Asset Management LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control announced today that Thomas B. Walper, a partner of the law firm Munger, Tolles & Olson LLP LLP - Lower Layer Protocol and the sixteen year head of its bankruptcy and restructuring group, will be joining Plainfield effective August 1, 2007. Mr. Walper will be a Managing Director and Head of Corporate Restructuring for Plainfield.
Mr. Walper has played a significant role in many of the country's largest recent chapter 11 cases and restructurings, including Refco, Calpine, Pacific Gas & Electric, Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. , Kmart, United Airlines, Southern Pacific Funding, California Power Exchange and Coho Energy. He has also been lead bankruptcy counsel for Berkshire Hathaway Inc., over the past several years representing them in connection with the Enron, FINOVA Group, Fruit of the Loom Fruit of the Loom is an American company which manufactures clothing, particularly underwear. The company's world headquarters are based in Bowling Green, Kentucky. One manufacturing facility still remains in Jamestown, Kentucky, and several other facilities are located across the , Oakwood Homes, and USG Corporation bankruptcy cases.
Mr. Walper has twice (1999 and 2002) been recognized by Turnaround and Workouts magazine as one of the country's top 12 bankruptcy lawyers. He received a B.S. in 1976 and an M.B.A. in 1977 from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission and a J.D. in 1980 from Loyola Law School Loyola Law School is the law school of Loyola Marymount University, a private Jesuit school in Los Angeles, California. Loyola was established in 1920. Like Loyola University Chicago School of Law and Loyola University New Orleans College of Law (separate and unaffiliated in Los Angeles. He was a partner in the bankruptcy practice of Stroock & Stroock & Lavan prior to joining Munger Tolles & Olson in 1991.
Max Holmes, Plainfield's Founder and Chief Investment Officer, commented, "We view bankruptcies and restructurings as one of our core competencies. We are privileged to have someone with Tom's reputation and depth of experience as our Head of Corporate Restructuring, and as the cycle changes, we expect to be active."
"After many years in the practice of law, I could not resist the challenge of bringing my experience to bear at an investment firm of this caliber," said Mr. Walper.
Based in Greenwich, Connecticut, Plainfield Asset Management is an investment advisor Investment Advisor
1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission.
2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and registered with the Securities and Exchange Commission. Plainfield manages in excess of $3 billion of investment capital for institutions and high net worth individuals based in the United States and abroad. The firm was founded in February 2005.