CorinneBall

Partner

(T) + 1.212.326.7844

Corinne Ball has nearly 40 years of experience in business finance and restructuring, with a focus on complex corporate reorganizations and distressed acquisitions, both court-supervised and extra judicial, including matters involving multijurisdictional and cross-border enterprises. She co-leads the New York Office's Business Restructuring & Reorganization Practice and leads the Firm's European Distress Investing and Alternative Capital Initiatives.

Corinne worked extensively on the City of Detroit restructuring, which followed her leading a team of attorneys representing Chrysler in its successful chapter 11 reorganization, which won the Investment Dealers' Digest Deal of the Year award for 2009. She also led a team of attorneys in the restructuring of FGIC and the sale of its portfolio to MBIA; the successful restructuring of Dana Corp., which emerged from bankruptcy in 2008; and has orchestrated many other reorganizations involving companies such as Oncor, Oi, OSX, US Manufacturing, Metaldyne, Axcelis Technologies, Kaiser Aluminum, Tarragon, and The Williams Communications Companies. In addition, she has counseled lenders and bondholders in the ABFS, Comdisco, Excite@Home, Exide SA, GST Communications, the Houston Sport's Authority and Jefferson County, European Wind Farms (Breeze) and the National Portuguese Railway, Loy Yang B, VARIG Airlines, and Worldcom restructurings, among others.

Corinne leads the Firm's distressed M&A efforts and is the featured "Distress M&A" columnist for the New York Law Journal. She won The National Law Journal's "Most Influential Lawyer of the Decade in Bankruptcy & Restructuring," Turnaround Management Association's "International Turnaround Company of the Year" Award, and was named "Dealmaker of the Year" by American Lawyer.

Corinne has served as a director of the American College of Bankruptcy and American Bankruptcy Institute and is a member of the International Institute on Insolvency.

Experience

  • OSX Leasing Trustee successfully exports oil and gas vessel from Brazilian watersJones Day is advising the Dutch Trustee in bankruptcy in connection with the oil and gas vessel OSX1, part of the OSX/OGX group, which is subject to bankruptcy protection proceedings in Brazil (and is reported to be its largest ever bankruptcy filing).
  • Chrysler sold to Fiat-led "New Chrysler" after historic court proceedingsAfter a historic battle all the way to the United States Supreme Court, Chrysler LLC sold substantially all of its assets to Fiat-led "New Chrysler" (Chrysler Group LLC) on June 10, 2009, providing the opportunity for its iconic brands and U.S. operations to survive.
  • Metaldyne files for bankruptcy protectionJones Day represented Metaldyne Corporation -- one of the top 50 North American auto parts suppliers with over $1 billion in sales -- and its subsidiaries in an out-of-court tender offer transaction pursuant to which over $350 million in long term debt was extinguished.
  • Textile manufacturer restructures $155 million debtJones Day is representing an international manufacturer of textile products in the restructuring of its $155 million debt.
  • Axcelis Technologies sells interest in joint venture SEN Corporation to Sumitomo Heavy IndustriesJones Day advised Axcelis Technologies, Inc. in the $133 million sale of its 50% interest in SEN Corporation to joint venture partner Sumitomo Heavy Industries, Ltd.
  • Metaldyne completes $65 million tender offer to purchase outstanding 10% Senior Notes and 11% Senior Subordinated NotesJones Day advised Metaldyne Corporation, a leading designer and producer of engine, driveline, and chassis products, in connection with its $65 million offer to purchase for cash any and all outstanding 10% Senior Notes due 2013 and 11% Senior Subordinated Notes due 2012.
  • Dana Corporation obtains Global Settlement and creates VEBA trusts for retiree health care benefitsJones Day successfully represented Dana Corporation in obtaining a series of settlements to eliminate an enormous accumulated liability for health and life insurance benefits for retirees from its unionized and nonunion workforces, and to modify its collective bargaining agreements with active employees, allowing Dana to compete in the troubled auto industry upon emergence from bankruptcy.
  • Financial Guaranty Insurance Company completes reinsurance transaction with MBIA InsuranceJones Day advised Financial Guaranty Insurance Company (FGIC), a leading national mono-line financial guaranty assurance company, in a transaction in which MBIA Insurance Corporation (MBIA), a subsidiary of MBIA Inc. and another leading national mono-line financial guaranty assurance company, reinsured FGIC's risk under financial guaranty policies covering $166 billion in par of public finance obligations.
  • Tower Automotive retired employees reach settlement with companyJones Day represented the official committee of retired employees of Tower Automotive and its constituents in the Tower Automotive (Tower) chapter 11 cases in connection with the efforts of Tower to modify the health and welfare benefits of its nonunion retirees pursuant to section 1114 of the Bankruptcy Code.
  • Dana Corp sells interest in GETRAG for $205 millionJones Day advised Dana Corporation in its $205 million sale of 30% interest in GETRAG GmbH & Cie. KG to the Hagenmeyer family.
  • GM dissolves alliance with FiatJones Day advised General Motors Corporation as U.S. counsel in connection with dissolving the strategic alliance with Fiat SpA.
  • Kaiser Aluminum and twenty of its subsidiaries emerge successfully from chapter 11 protectionJones Day represented Kaiser Aluminum throughout its chapter 11 reorganization, which was commenced on February 12, 2002.
  • WL Ross acquires Safety Components InternationalJones Day assisted WL Ross & Co. LLC in connection with its acquisition of a controlling interest in Safety Components International, Inc., a global technology provider and solutions leader in the development and manufacture of automotive air bag fabrics, air bag cushions, innovative technical fabrics for fire fighting and specialty applications, and a range of diversified cut and sewn products, from Zapata Corporation.
  • Continental Airlines listed as creditor in Delta bankruptcyJones Day represented Continental Airlines as a creditor in the chapter 11 cases of Delta Airlines.
  • IBM Credit restructures loan to Applied DigitalThe restructuring of a $93 million loan to Applied Digital Solutions, Inc. by IBM Credit Corporation was handled by Jones Day.
  • France Télécom S.A. acquires Equant for $715 millionJones Day advised France Télécom (FT) in its €564 million ($738 million) acquisition of the 45.8% equity interest in Equant N.V. it did not already own.
  • MBIA Insurance is creditor in subprime mortgage caseJones Day represented MBIA Insurance Corporation as a contingent creditor in the American Business Financial Services (ABFS) chapter 11 cases.
  • Additional Publications

    • February 24, 2011
      Decision Should Promote Robust Bankruptcy Negotiation, New York Law Journal
    • December 23, 2010
      Denial of Creditor Standing May Have Limited Impact, New York Law Journal
    • August 26, 2010
      Auction Enhances Value in Baseball Bankruptcy, New York Law Journal
    • April 22, 2010
      Circuit Ruling Broadens Scope of Statutory Mootness, New York Law Journal
    • February 25, 2010
      Distressed Mergers and Acquisitions, New York Law Journal
    • December 2009
      Extraordinary Year for BRR, New York Law Journal
    • October 22, 2009
      Bankruptcy Judge Adopts Enterprise Approach to REITs, New York Law Journal, Corporate Update
    • October 22, 2009
      Distressed Mergers and Acquisitions, New York Law Journal
    • 2009
      Advice for Corporate Directors, Mergers and Acquisitions 2010: Trends and Developments, Practising L. Institute
    • 2003
      Bidding Procedures and Sale Orders: The Keys to Distress M&A, American Law Institute-American Bar Association Publication (SJ025 ALI-ABA 411)

    Speaking Engagements

    • April 29, 2015
      Turmoil in the Oil Patch: Risks and Opportunities for Oil & Gas Investors and Companies
    • April 27-28, 2015
      PLI's Bankruptcy & Reorganizations 2015: Current Developments
    • January 16-17, 2014
      PLI's Mergers & Acquisitions 2014: Trends and Developments
    • April 29-30, 2013
      PLI’s Bankruptcy & Reorganizations 2013: Current Developments
    • January 17-18, 2013
      PLI’s Mergers & Acquisitions 2013: Trends and Development
    • July 25, 2012
      Jones Day: Global Viewpoints
    • April 12-13, 2012
      PLI’s Bankruptcy & Reorganization 2012: Current Developments
    • January 5-6, 2012
      PLI’s Mergers and Acquisitions 2012: Trends and Development
    • April 14-15, 2011
      PLI’s Bankruptcy and Reorganizations: Current Developments 2011
    • January 10-11, 2011
      PLI’s Mergers & Acquisitions 2011: Trends and Developments
    • April 19-20, 2010
      Bankruptcy & Reorganizations: Current Developments 2010
    • February 2, 2010
      Doing Distressed Deals: Outlook for 2010 and Welcome Reception for New West Coast Restructuring Members
    • January 11-12, 2010
      Mergers & Acquisitions 2010: Trends and Developments
    • October 6-8, 2009
      Chrysler Restructuring Roadshow
    • April 20-21, 2009
      31st Annual Current Developments in Bankruptcy & Reorganization
    • January 28, 2009
      Institutional Investor Summit 2009
    • January 22-23, 2009
      Mergers & Acquisitions 2009: Trends and Developments
    • November 18, 2008
      The Subprime Crisis: Restructuring in the Financial Sector and Securities Litigation in the United States and Europe
    • April 7-8, 2008
      30th Annual Current Developments in Bankruptcy & Reorganization
    • January 24, 2008
      2008 TMA Distressed Investing Conference
    • January 22-23, 2008
      Mergers & Acquisitions 2008: Trends and Developments
    • September 18-20, 2007
      Automotive Industry Restructuring Finance Summit
    • January 22-23, 2007
      A Guide to Mergers & Acquisitions, Practising Law institute
    • November 3, 2006
      Debtor-in-Possession Financing in the Auto Industry: Global Sourcing, 'Just in Time' Inventory and OEM Customers, moderator, 80th Annual Meeting of the National Conference of Bankruptcy Judges
    • September 15, 2006
      Buying a Distressed or Bankrupt Company, 22nd Annual Corporate Mergers and Acquisitions, American Law Institute and American Bar Association
    • April 6, 2006
      Negotiating Cash Collateral Orders in the Era of Ad Hoc Committees, American Bar Assn.
    • January 23, 2006
      Advising the Board of Directors in the Context of Mergers & Acquisitions, Practising Law Institute seminar
    • September 15-16, 2005
      Corporate Mergers and Acquisitions, 21st Annual Advanced ALI-ABA Course of Study
    • May 9, 2005
      Can They Really Do That??? The Enforceability and Protection of NOL Injunctions and Third Party Releases in Reorganization Plans
    • March 4, 2005
      Buying a Distressed or Bankrupt Company
    • January 11, 2005
      Advising the Board of Directors
    • April 21, 2004
      Distress Investing and Developments in Corporate Restructuring in the United States and Europe
    • April 16, 2004
      The Relationship between Turnaround Management and Corporate Governance of a Chapter 11 Debtor and Asset Sales under Section 363 versus Sales under a Chapter 11 Plan
    • March 4, 2004
      Buying a Distressed or Bankrupt Company
    • January 12, 2004
      A Guide to Mergers and Acquisitions 2004
    • December 4-5, 2003
      Critical Vendor Motions in the Aftermath of the Kmart Decision
    • November 7, 2003
      Distressed M&A Restructuring
    • October 11, 2003
      The Legal Landscape: Hot Topics and Current Trends in Restructuring and Bankruptcy
    • September 19, 2003
      The New Enterprise Act: Has the UK finally embraced Chapter 11?
    • October 2002
      INSOL Annual Conference - Asia Pacific Rim
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