Maurice M. Lefkort

Maurice is the former Chairman of the Corporation Law Committee of the Association of the Bar of the City of New York. He is also a member of the American Bar Association (Section of Business Law, Committee on Negotiated Acquisitions and Committee on Private Equity and Venture Capital).

Maurice frequently lectures and writes on legal developments. He also blogs on legal issues for The Wharton Magazine. His posts can be found at: http://whartonmagazine.com/author/mauricelefkortmagazine/. Recent publications include:

• "Lies, Half-Truths, And Concealing Information: The Risks Of M&A Due Diligence," The Metropolitan Corporate Counsel, October 2013;
• "When Your Non-Binding Term Sheet Creates An Enforceable Contract: Important Decision On the Duty To Negotiate In Good Faith," The Metropolitan Corporate Counsel, October 2013;
• "An Ounce of Fund Document Prevention is Worth a Pound of Litigation Cure Later: Waiver of Fiduciary Duties in Fund Documents," The Investment Lawyer, March 2013;
• "Caveat Emptor: The Threat to Value from Target Company Use of Open Source Software" with Gordon Caplan, The M&A Lawyer, June 2008;
• "Pizzazz In Your Diligence, A Structure That Works, And Other Lessons From Recent M&A Cases" (Parts I and II), The Metropolitan Corporate Counsel, March 2008 and April 2008;
• "Safeguarding the Deal: The double lie, meaningless liars, anti-sandbagging rules and other reasons why business diligence is not protected in most M&A transactions," Mergers & Acquisitions, February 2008.

Merger & Acquisition Transactions

• Irenic Capital Management, the largest shareholder of FD Technologies, on the acquisition of FD Technologies by TA Associates
• Irenic Capital Management in the $5.2 billion take-private acquisition, alongside Apollo Global Management, of Arconic Corporation
• Loral in its agreement with PSP Investments and Telesat Canada to combine Loral and Telesat into a new Canadian public company
• Bloomberg L.P. in acquiring the Barclays Index Business, The Bureau of National Affairs Inc., BusinessWeek and New Energy Finance Limited
• SourceHOV in its $2.8 billion merger agreement with Novitex and Quinpario to form Exela Technologies
• Hallmark Cards in its “take private” of Crown Media
• Loral Space & Communications Inc. in the sale of its satellite manufacturing unit, Space Systems/Loral, to MacDonald, Dettwiler and Associates Ltd.
• Bloomberg Inc. in acquiring a 20% minority interest in Bloomberg L.P. from Merrill Lynch
• Building Materials Corporation of America in its successful, hostile acquisition of ElkCorp
• Adelphia Communications Corporation in the sale of its Puerto Rican cable operations

Private Equity Investments

• Family Office 1 in connection with industry-agnostic private equity investing and exits
• Family Office 2 in a roll-up of U.S. auto dealerships
• HandsOn Global Management (HGM), as controlling shareholder, in the merger of SourceHOV and BancTec Group, a deal that created a global leader in transaction processing solutions
• Private equity investors in the successful, underwritten secondary offering in shares of public portfolio company
• HandsOn Ventures in the formation of SourceHOV, a leading business process outsourcing business, and the subsequent change of control transaction
• Private equity investor in the initial acquisition of a middle-market lending portfolio company and the ultimate disposition to a public company buyer
• Private equity investors in over US $2 billion of committed investments in traditional and alternative energy investments
• A private fund client in the approximately $13.9 billion consortium buyout of IndyMac Federal Bank by IMB HoldCo., a thrift holding company controlled by IMB Management Holdings LP

• XBP Europe, Inc., the European business of Exela Technologies Inc., in its merger with CF Acquisition Corp. VIII

Restructurings

• Outside counsel to Altos Hornos de Mexico S.A.B. de C.V. in its successful suspension de pagos proceeding and U.S. Chapter 15 recognition
• The Collective of Tranche C Lenders in the $3.25 billion credit bid for, and restructuring of, Delphi Corporation
• Hallmark Corporation in the successful restructuring of the indebtedness issued by Crown Media Holdings
• Principal corporate attorney representing debtor-in-possession Adelphia Communications Corporation in the restructuring of over $18 billion of claims, formulation of a plan of reorganization and sales of businesses
• The first successful, large scale (over $800 million) exchange offer by a Chapter 9 debtor (County of Orange, California)
• The largest (at the time) prepackaged bankruptcy case (Trump Taj Mahal Associates)

Special Situation, Public Company and Other

• Exela Technologies, Inc. on its exchange of its Common Stock for 6.00% Series B Cumulative Convertible Perpetual Preferred Stock and in ongoing public company matters
• The Special Committee of Infrastructure and Energy Alternatives, Inc. in connection with negotiating related party investments
• Elliott Investment Management in connection with contested proxy solicitation of Arconic Inc.