Dewey & LeBoeuf Heavy Hitter May Guide GM Through Bankruptcy
As General Motors moves closer to a possible bankruptcy filing, it's turning to a Weil Gotshal alum who predicted he was done representing the auto giant when he left the firm in 2007. When Martin Bienenstock left Weil to launch a restructuring practice at Dewey & LeBoeuf, he brought all his clients over except one: GM. With a June 1 deadline to restructure and a bankruptcy filing "probable," GM may follow streamlining plans Bienenstock has been drawing up alongside restructuring financial adviser Jay Alix.
