Deryck Palmer is a Partner in Pillsbury’s Insolvency & Restructuring section and former firmwide section leader. He has handled some of the largest and most significant bankruptcy matters in the world during the past three decades, including LyondellBasell Industries, Apollo Health Street, and Citibank in the Lehman Brothers Chapter 11 case.
Palmer has extensive experience advising domestic and multinational clients on out-of-court workouts, corporate restructurings and bankruptcy cases in a broad range of industries, including financial services, healthcare, construction, real estate, energy, and manufacturing.
Palmer served as lead counsel to engineering firm Berger Group Holdings Inc. in the creation of a first of its kind reciprocal investment structure that enabled restructuring/recapitalization while also preserving senior managers’ ownership/control. He served as co-lead counsel to the U.S. Treasury Department in the General Motors restructuring and as lead counsel for the Detroit School System, the sixth-largest school district in the country, where he guided one of the most successful out-of-court municipal restructurings.
Palmer is consistently recognized by Chambers, The Legal 500 U.S., New York Metro Super Lawyers, Best Lawyers in America and other highly regarded legal directories as a leading insolvency & restructuring professional.