Paul B. Haskel
Overview
Paul B. Haskel is a partner in the New York office of Crowell & Moring. His practice focuses on the field of secondary distressed and high-yield debt transactions. He represents investment funds, investment banks, broker-dealers, and other financial institutions in connection with the purchase and sale of various U.S. and international distressed assets. These assets include, among other things, domestic and foreign bank loans, high-yield securities, and claims against bankruptcy estates, litigation trusts, SIPA trusts, and similar liquidating vehicles. He also advises clients on regulatory compliance issues relevant to financial institutions investing in bank loans and claims, including issues arising under U.S. securities law and state common law.
Career & Education
- Cornell University, B.A., 1985
- Columbia Law School, J.D., 1988
- New York
- U.S. District Court for the Southern District of New York
Professional Activities and Memberships
- Committee Member, The Loan Syndications and Trading Association
Paul's Insights
Client Alert | 3 min read | 10.11.24
On September 30, 2024, the SEC announced the settlement of an enforcement action against Marathon Asset Management, L.P. (Marathon) for failing to implement proper policies and procedures to prevent the misuse of material nonpublic information (MNPI). The issue stemmed from Marathon’s participation in ad hoc creditors’ committees, where the firm inadvertently received MNPI through its consultants and advisers. This enforcement action highlights the SEC’s intense focus on the participation by investors in ad hoc creditors’ committees and the importance of implementing robust MNPI controls when doing so.
Event | 09.17.24 - 09.19.24
Speaking Engagement | 09.17.24
Client Alert | 4 min read | 09.09.24
Flag on the Play: SEC Fines Adviser for Insufficient MNPI Controls in CLO Trades
Representative Matters
- Represented a major U.S. investment bank in connection with its sale of several multibillion dollar portfolios of syndicated revolving loans to foreign investors pursuant to “true sale” participation agreements.
- Represented a major multi-strategy hedge fund in connection with providing non-recourse litigation financing to several contingency law firms representing municipal agencies victimized by defendants in the ongoing Ohio opioid MDL.
- Represented multiple private equity and hedge funds in their diligence and acquisition of PG&E Corp. insurance subrogation claims.
- Advised a private equity firm in connection with several “loan-to-own” transactions focused on distressed businesses, including a national restaurant chain and a global hospitality provider.
- Represented a hedge fund in connection with providing a non-recourse litigation financing facility in excess of $30 million to a major Wall Street law firm to finance a large portfolio of environmental remediation and damages cases against various U.S. municipalities.
- Represented a private equity fund in connection with a joint venture with a claims broker to acquire and manage Visa/Mastercard portfolio in antitrust class action claims.
Paul's Insights
Client Alert | 3 min read | 10.11.24
On September 30, 2024, the SEC announced the settlement of an enforcement action against Marathon Asset Management, L.P. (Marathon) for failing to implement proper policies and procedures to prevent the misuse of material nonpublic information (MNPI). The issue stemmed from Marathon’s participation in ad hoc creditors’ committees, where the firm inadvertently received MNPI through its consultants and advisers. This enforcement action highlights the SEC’s intense focus on the participation by investors in ad hoc creditors’ committees and the importance of implementing robust MNPI controls when doing so.
Event | 09.17.24 - 09.19.24
Speaking Engagement | 09.17.24
Client Alert | 4 min read | 09.09.24
Flag on the Play: SEC Fines Adviser for Insufficient MNPI Controls in CLO Trades
Insights
Commercial Litigation Funding: Litigation Finance Market Process
|05.16.24
Litigation Funders' Pitch to Corporate Litigants: Turn Your Lawsuit Into An Asset
|04.12.24
The American Lawyer
Paul's Insights
Client Alert | 3 min read | 10.11.24
On September 30, 2024, the SEC announced the settlement of an enforcement action against Marathon Asset Management, L.P. (Marathon) for failing to implement proper policies and procedures to prevent the misuse of material nonpublic information (MNPI). The issue stemmed from Marathon’s participation in ad hoc creditors’ committees, where the firm inadvertently received MNPI through its consultants and advisers. This enforcement action highlights the SEC’s intense focus on the participation by investors in ad hoc creditors’ committees and the importance of implementing robust MNPI controls when doing so.
Event | 09.17.24 - 09.19.24
Speaking Engagement | 09.17.24
Client Alert | 4 min read | 09.09.24
Flag on the Play: SEC Fines Adviser for Insufficient MNPI Controls in CLO Trades
