King & Spalding Expands Its Financial Restructuring Group in New York

NEW YORK, NY--(Marketwire - June 1, 2009) - King & Spalding, a leading international law firm, announced today that Michael C. Rupe has joined the firm's financial restructuring group as a partner in New York. Rupe concentrates his national practice in corporate bankruptcies, workouts and restructurings.

"We are excited that Mike has joined our team," said Paul K. Ferdinands, leader of King & Spalding's financial restructuring group. "He brings to the firm an exceptional background as a lending-side bankruptcy lawyer, and we expect him to play a significant role in the continuing expansion of our already comprehensive financial restructuring and bankruptcy practice."

Rupe joins King & Spalding from Katten Muchin Rosenman LLP, where he was co-chair of the firm's New York bankruptcy and creditors' rights practice.

Rupe acts as lead counsel for secured lenders, syndicated loan agents and participants, venture capital concerns and their portfolio companies and borrowers/debtors in all aspects of in-court and out-of-court workout, restructuring and reorganization matters, including DIP financing and cash collateral matters. He also represents sellers and buyers in connection with acquisitions and divestitures of distressed properties, transactions occurring both in bankruptcy and outside of bankruptcy, including assignments for the benefit of creditors, receiverships and UCC sales. He earned a J.D. degree from the University of Cincinnati College of Law and received a B.A. degree from Ohio State University.

"The firm's focus on bankruptcy and restructuring presents an exciting opportunity for me to grow my practice," Rupe said. "King & Spalding consistently ranks among the most active bankruptcy law firms in the nation, and I look forward to helping carry on this tradition by providing the best strategic and tactical counsel to the firm's clients."

Rupe is the eighth bankruptcy lawyer the firm has hired in the past 23 months, and his arrival continues the firm's expansion of its restructuring practice, including the addition of a bankruptcy practice in Houston. In October 2008, the firm added partner Arthur Steinberg, a high-profile financial restructuring lawyer with 29 years' experience, to its New York office.

King & Spalding has one of the nation's preeminent financial restructuring practices. The firm provides valuable knowledge and in-depth experience to virtually all facets of corporate reorganizations, in-court and out-of-court debt restructurings, bankruptcy and insolvency litigation and distressed M&A transactions. The firm is regularly retained in large bankruptcy matters and workouts to represent debtors, trustees, creditors' committees, institutional lenders, other critical creditors and parties-in-interest, and potential acquirers of businesses and large assets.

About King & Spalding

King & Spalding is an international law firm with more than 880 lawyers in Abu Dhabi, Atlanta, Austin, Charlotte, Dubai, Frankfurt, Houston, London, New York, Riyadh (affiliated office), San Francisco, Silicon Valley and Washington, D.C. The firm represents half of the Fortune 100 and in Corporate Counsel surveys consistently has been among the top firms representing Fortune 250 companies. For additional information, visit www.kslaw.com.

Contact Information: Contact: Kimberly Brooks King & Spalding Ph. 212-827-4378