The Chrysler bankruptcy

And so, with Chrysler’s 24-page Chapter 11 filing in U.S. bankruptcy court in Manhattan, another large document review (reviews??) loom in the future.

Along with Jones Day, New York bankruptcy boutique Togut, Segal & Segal is also advising the automaker.  But lips are kind of sealed.  At Jones Day, partners Corinne Ball and David Heiman — the founder of the firm’s bankruptcy and restructuring practice and the ones whose names appear on the Chrysler bankruptcy filing — have not responded to requests for comment.   No, not us (everybody takes calls from The Posse List) but the legal media.

Sources say the firm is fielding a team of more than 30 lawyers to handle the Chrysler bankruptcy, as well as the company’s negotiations with the U.S. government, debt holders, and Fiat on its future survival.

Here are the names of the 30 Jones Day souls who will spend a good portion of the next few days/weeks/months/years — it remains to be seen how “quick” this bankruptcy will be — working on all things Chrysler:

Bankruptcy and Restructuring: New York office restructuring head Corrine Ball (lead counsel), practice group founder David Heiman in Cleveland, Atlanta office restructuring head Jeffrey Ellman, partners Richard Engman and Pedro Jimenez and associates Veerle Roovers, Nathan Lebioda, and Jason Cover in New York, partner Mark Cody and associates Joseph Tiller and Robert Krebs in Chicago, and associate Thomas Wilson in Cleveland.

Litigation: Global head of litigation Thomas “Tim” Cullen, Jr., in Washington, D.C., partner Gregory Shumaker in D.C., and of counsel Robert Hamilton in Columbus.

Banking and Finance: Financial institution litigation and regulation practice cohead Brett Barragate in New York and partner John Mazey in Dallas.

M&A: North American practice head Jere Thomson in New York, partners Marilyn Sonnie, John Kane, and Randi Lesnick, and associates Matthew Gray, Zoe Vantzos, and Christopher Froelich in New York.

Employee Benefits: Partners John Cornell and Manan Shah and associate Lisa Jesner in New York.

Tax: Partners Candace Ridgway in Washington, D.C., and Edward Kennedy in New York.

For a nice primer on the Chrysler bankruptcy click here.   The bankruptcy plan “timeline” as announced may be too aggressive (see analysis here) because as the Wall Street Journal opines a Chrysler bankruptcy won’t be quick because it will be difficult for a judge to sort through the many conflicting claims (click here).

Still waaaaaaaaaaay too early to figure out where document reviews will happen but our Deep Throat at Jones Day will (we hope: our Stella Artois bills are through the roof) keep us in the loop.