Kasowitz Takes Center Stage In Borders Bankruptcy

Law360, New York (February 16, 2011, 5:50 PM EST) -- With Borders Group Inc. filing for Chapter 11 protection Wednesday, Kasowitz Benson Torres & Friedman LLP — a boutique law firm with a big-time bankruptcy resume — has been thrust into the limelight, tasked with saving the country's second-largest brick-and-mortar bookseller.

Faced with mounting debts and dwindling sales, board members from the beleaguered company first approached Kasowitz for advice in fall, according to the firm. They hoped it could help refinance Borders' credit lines and spearhead a relatively quiet, out-of-court restructuring.

In January, the firm and...
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