Even before the onset of COVID-19, higher education institutions had generally been facing increased litigation activity, regulatory scrutiny, employment issues, and financial pressure due to decreased enrollment, while taking on more complicated and sophisticated financial transactions. COVID-19 has exacerbated these problems and brought on new ones such as negatively impacting endowments and investments in a material way and the onset of class action lawsuits relating to tuition refunds and other matters. To that end, Orrick, Herrington& Sutcliffe, LLP’s Higher Education Focus Group, has assembled a panel for a special Orrick and Bond Buyer hosted webinar to both provide some market intelligence and educate higher education institutions on some of our thinking on these problems.
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John Wang is a partner in the San Francisco office of Orrick and a member of the Public Finance Department. Mr. Wang has broad experience serving as bond counsel, disclosure counsel and underwriter's counsel, focusing on a variety of types of transactions, including conduit financing for nonprofit 501(c)(3) borrowers, municipal water and wastewater financings, transportation financing, pollution control, industrial development financing, public power financing, municipal lease financings and redevelopment financings.He has a J.D. from Southwestern University School of Law and B.S., Mathematics from University of California at Los Angeles.
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Lorraine McGowen is a partner in the international law firm of Orrick, Herrington & Sutcliffe LLP where she focuses on restructurings.� One of IFLR1000’s Leading Lawyers, her clients include leading financial institutions, syndicated lender groups, creditor committees and other parties seeking to maximize recoveries in complex bankruptcies, out-of-court restructurings and creditors’ rights controversies in the United States and internationally.� She advises on all aspects of bankruptcy and creditors’ rights litigation, prepares and negotiates complex corporate and finance documents, and represents investors in, and purchasers of, financially distressed companies.� Ms. McGowen has been involved in many prominent bankruptcy and out-of-court restructuring matters including Indiana Toll Road, Puerto Rico, South Bay Expressway, City of Detroit, Lehman Brothers, MF Global, Tronox, and General Motors.
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