Contact: John Hartgen
(703) 739-0800
href='mailto:jhartgen@abiworld.org'>jhartgen@abiworld.org
NORTHWESTERN
WINS THIRD ANNUAL CORPORATE RESTRUCTURING COMPETITION
size='3'>January 24, 2007, Alexandria, Va.
size='3'>— A team from
face='Times New Roman' size='3'>Northwestern
size='3'>University
School of Management won the Bettina M. Whyte Trophy at the Third Annual
ABI Corporate Restructuring Competition,
size='3'> Jan. 19-21 in
w:st='on'>
size='3'>Chicago
second-year MBA students also shared a $5,000 cash prize. Duke
University Fuqua School of Business won the second place award of
$3,000, with the University of California-Berkeley Haas School of
Business receiving the $1,750 prize for third and
w:st='on'>
size='3'>Stanford
face='Times New Roman'
size='3'>University
size='3'>students receiving $1,250 for fourth place.
The competition, which is
co-sponsored by ABI and Houlihan Lokey investment banking firm, provides
12 of the nation’s top MBA programs with a unique opportunity to
learn by solving a real-world restructuring case problem. The students
had a week to “solve” the problem and prepare comprehensive
presentations showing their operational and financial plans, before
panels of judges representing a mock board of directors and bondholders,
with a final round before a mock first and second
lienholders.
Past winners of the
Corporate Restructuring Competition include the Stern Graduate School of
Business of
size='3'>New York
face='Times New Roman' size='3'>University
size='3'>and
face='Times New Roman' size='3'>Stanford
size='3'>Graduate
face='Times New Roman' size='3'>Business
size='3'>School
schools in this year’s competition in addition to the finalists
and past years’ winners included the University of Chicago,
Dartmouth University, University of Virginia, University of
Pennsylvania, University of Michigan and Notre Dame
University.
In addition to the case
presentations, the competition featured a sponsored networking dinner
keynoted by Prof. Douglas Baird (University of Chicago Law School).
Nearly 150 Chicago-area restructuring professionals attended. An awards
luncheon also followed the Final Round of the competition.
To find out more about the
Corporate Restructuring Competition, please visit
href='2006/October%202006/www.abiworld.org/crc'>www.abiworld.org/crc
face='Times New Roman' size='3'>.
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ABI is the largest multi-disciplinary, nonpartisan organization
dedicated to research and education on matters related to insolvency.
ABI was founded in 1982 to provide Congress and the public with unbiased
analysis of bankruptcy issues. The ABI membership includes more than
11,500 attorneys, accountants, bankers, judges, professors, lenders,
turnaround specialists and other bankruptcy professionals, providing a
forum for the exchange of ideas and information. For additional
information on ABI, visit www.abiworld.org. For additional conference
information, visit
href='http://www.abiworld.org/conferences.html'>
color='#0000ff'>http://www.abiworld.org/conferences.html.