2009 February 9
El Segundo, Calif., February 9, 2009 – KCC, a leading claims and noticing agent serving companies undergoing Chapter 11 restructuring, today announced Michael J. Frishberg has been promoted to Vice President of Corporate Restructuring Services. In his new role, Frishberg will lead KCC’s Corporate Restructuring Services group, which has more than doubled in size over the past twelve months to continually stay ahead of increasing demand for professional-level claims and noticing services.
Based on his industry experience as a former partner in the Restructuring Group at Kirkland & Ellis, Frishberg will lead and participate in strategic initiatives as part the firm’s management team, such as enhancing KCC’s restructuring services, expanding into new markets and pursuing acquisitions. Frishberg will ensure the company’s growing team of consultants receives continuous training and development, and will add new systems and procedures for handling increasingly complex cases. Additionally, he will continue to play an active role on client engagements.
"Michael brings strong leadership skills and strategic insight to his new role that will serve our clients well,” said James Le, KCC’s Chief Operating Officer. “Since joining KCC, Michael has played an instrumental role in achieving the goals of our Corporate Restructuring Services group and has become a valued member of the KCC management team.”
Over the past few years, KCC invested in infrastructure, operational capacity and personnel to remain at the forefront of the current restructuring cycle. In the past twelve months, KCC more than doubled the number of employees companywide to provide additional capacity. The firm continually invests in systems and equipment to support key areas of the company, including document production, operations and technology.
These investments have resulted in industry-leading solutions to meet clients’ needs. For example, KCC is the only claims agent with its own production facility in Memphis, Tennessee, adjacent to the FedEx worldwide hub, offering overnight shipping discounts, the latest document-submission deadlines in the industry, trained production specialists and end-to-end quality control measures. Based on its proven track record for client service, the company earned retention in 11 of the largest 16 cases retaining a claims and noticing agent in 2008, according to Bankruptcydata.com, and in many large-scale cases filed so far in 2009, including Gottschalks, Tarragon Corporation, Hartmarx and Tronox among others.
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