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US Financial Crisis and the downturn 2009 (2)

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Award levelCommended
InnovationPre-negotiated chapter 11 bankruptcy for Masonite Inc
Originality6
Rationale5
Impact6
Total17
DescriptionPre-negotiated bankruptcy proceedings enabled Masonite Inc to leave chapter 11 as rapidly as possible, emerging with a de-leveraged balance sheet and a stronger management

US Financial Crisis and the downturn 2009

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Award levelCommended
InnovationConstellation Energy’s merger with Electricité de France
Originality6
Rationale6
Impact7
Total19
DescriptionIn the midst of the economic storm, the firm negotiated a takeover of Constellation Energy by Warren Buffett’s Mid-American. They then used a fiduciary out option to enable a merger with EDF, ensuring the future survival of the company