Drinker Biddle & Reath LLP today announced that Keith N. Costa has joined the New York office as a partner in the Corporate Restructuring group. Costa comes to the firm from Otterbourg P.C. He is the 27th partner to join Drinker Biddle this year.
With more than three decades of restructuring experience, Costa counsels corporate, banking and other financial services clients, representing both debtors and creditors. He acts in many fiduciary roles, including service as a court-appointed Chapter 11 trustee and examiner, counsel to official committees of unsecured creditors, and counsel to boards of directors. He is also a court-certified mediator for the U.S. Bankruptcy Courts in New York and Delaware.
Costa previously served more than 10 years with the U.S. Department of Justice, Office of the United States Trustee, including as assistant U.S. trustee for the Southern District of New York under U.S. Trustee Arthur J. Gonzalez.
“Keith has a sophisticated understanding of bankruptcy and restructuring issues,” said Andrew C. Kassner, Drinker Biddle’s chairman and CEO. “His distinguished work in the public sector as assistant U.S. trustee is the foundation for an impressive track record of successes in private practice. Keith complements and builds on the capabilities of our strong, nationally recognized Corporate Restructuring group.”
Costa has handled numerous high-profile bankruptcy cases confronting a wide range of legal issues, and has counseled on Ponzi scheme liquidations and receiverships, including the Madoff bankruptcy case, and on complex corporate bankruptcies, including Lehman Brothers.
“Keith is a key addition to our team, and we are delighted to welcome him to Drinker Biddle,” said James H. Millar, who co-chairs the firm’s Corporate Restructuring group. “His breadth of knowledge and experience on complex matters is impressive.”
Michael P. Pompeo, fellow co-chair of the Corporate Restructuring group, added that Costa’s “sterling reputation and vast experience across a wide array of industries give him valuable insight that will immediately benefit our clients in New York and across the country.”
Costa earned his bachelor’s degree from the University of Connecticut, where he was an Honors Program Scholar, and his Juris Doctor degree from The American University, Washington College of Law.
More than 20 lawyers strong, Drinker Biddle’s Corporate Restructuring group provides a full range of services to clients, maximizing value through creative and cost-effective solutions to financial challenges. Understanding their clients’ businesses and the steps necessary to achieve their restructuring goals, the group provides a fully integrated approach to commercial workouts, refinancings, bankruptcy proceedings and other out-of-court debt restructurings. The team has been recognized for excellence by Chambers USA, Crain’s New York Business and The Legal Intelligencer, among others.