Press Release

Munsch Hardt Wins “Corporate Turnaround of the Year” at 2021 Turnaround Atlas Awards

Aug 9, 2021

(DALLAS, TEXAS) Munsch Hardt’s Bankruptcy, Restructuring & Insolvency practice received the “2021 Corporate Turnaround of the Year: Large Markets” award at the 13th Annual Turnaround Atlas Awards, which were held on June 23, 2021. The prestigious award recognizes the Firm’s role in the successful Chapter 11 restructuring of Tuesday Morning Corp., a publicly-traded retail chain with approximately 500 stores across the country.

Hosted by the Global M&A Network, the program honored consequential, value-creating transactions completed during 2020 from the restructuring, investing and insolvency communities, as well as individuals and firms from the investment banking, turnaround, professional and advisory fields.

“The award validates excellence, tireless work of professionals and firms from the industry,” said Shanta Kumari, CEO and Global Group Editor at Global M&A Network. “Winners should take pride for effectuating successful restructurings, proving their creativity, expertise and differentiated talents."

Kevin Lippman, Munsch Hardt’s BRI Practice Group Leader, and Deborah Perry led the Munsch Hardt team, which served as Texas counsel to the Official Committee of Unsecured Creditors. Despite the challenges it faced with the COVID-19 pandemic, Tuesday Morning’s reorganization resulted in the full payment of creditors and reinstatement of equity.

This is the second time Munsch Hardt has been recognized by the Global M&A Network at its Turnaround Atlas Awards. In 2017, the Firm received the Turnaround Atlas Award in the “Chapter 11 Restructuring – Valued Between $2.5 Billion and $5 Billion” category for its involvement in the Life Partners, Inc. Chapter 11 bankruptcy cases.