Financial Restructuring Rankings
No. 1 Global Investment Banking Restructuring Advisor No. 1 U.S. Investment Banking Restructuring Advisor No. 1 EMEA Investment Banking Restructuring Advisor
Source: Thomson Reuters, April 2010.
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Advisor in 12 of the 15 Largest Bankruptcies 2000-2009
| Rank |
Company |
Total Pre- Bankruptcy Assets (m) |
| 1 |
Lehman Brothers Holdings, Inc. |
$691,063.00 |
| 2 |
Washington Mutual, Inc. |
$327,913.00 |
| 3 |
WorldCom,Inc. |
$103,914.00 |
| 4 |
General Motors Corporation |
$91,047.00 |
| 5 |
CIT Group Inc. |
$80,449.30 |
| 6 |
Enron Corp. |
$63,503.00 |
| 7 |
Conseco, Inc. |
$61,392.30 |
| 8 |
Chrysler LLC |
$39,300.00 |
| 9 |
Thornburg Mortgage, Inc. |
$36,521.00 |
| 10 |
Pacific Gas & Electric |
$36,152.00 |
| 11 |
Refco Inc. |
$33,333.17 |
| 12 |
IndyMac Bancorp |
$32,734.00 |
| 13 |
Global Crossing, Ltd. |
$30,185.00 |
| 14 |
General Growth Properties Inc. |
$29,557.00 |
| 15 |
Lyondell Chemical Company |
$27,392.00 |
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(1)Houlihan Lokey advised a group of noteholders of Pacific Gas & Electric subsidiary National Energy Group Inc. (2)Houlihan Lokey advised a group of noteholders of Global Crossing Ltd. subsidiary Asia Global Crossing Ltd.
Source: BankruptcyData.com, January 2010. Houlihan Lokey advised or is advising a major party-in-interest in the cases highlighted above.
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It is not known whether the listed clients approve or disapprove of Houlihan Lokey or the advisory services provided.