David Turetsky

Partner, New York



David Turetsky is a partner in the Financial Restructuring and Insolvency Practice at White & Case. David represents companies and other parties in complex business reorganizations, out-of-court restructurings and workouts, debt restructurings, and insolvency matters. Recognized as an "Emerging Leader" by M&A Advisor, David has advised on the restructuring of billions of dollars of debt across a variety of industries and jurisdictions.

David has played a significant role representing numerous debtors in their Chapter 11 cases, including Atlas Resource Partners, FiberMark, GenTek, Herbst Gaming, Savient Pharmaceuticals, Spectrum Brands, Sterling Chemicals, Syms and Filene's Basement, and Winn-Dixie Stores.* The Savient Pharmaceuticals Chapter 11 sale to Crealta Pharmaceuticals was recognized by Turnaround Atlas as the "Pharmaceuticals Turnaround" of the Year in 2015.* In 2007, the reorganization of Winn-Dixie Stores was named the "Mega Turnaround of the Year" by Turnaround Management Association.*

David also has had substantial involvement representing companies in connection with out-of-court restructurings, refinancings and workouts, including Archstone, DS Waters, ION Media Networks and Residential Capital.* The out-of-court restructuring of DS Waters was recognized as one of the "Most Successful Restructurings of 2012" by Turnarounds & Workouts.* In 2008, the comprehensive recapitalization of ION Media Networks was recognized as the "Turnaround Deal of the Year" (Media, Telecom & Technology) and as the "Refinancing Deal of the Year" by The M&A Advisor.*

In addition, David has played a significant role representing creditors, sponsors, and other interested parties in connection with Chapter 11 cases and out-of-court restructurings, including: Apax Partners in the out-of-court restructuring of Contech; Citibank, Goldman Sachs and Deutsche Bank Securities in their litigation arising out of an exit financing for Solutia; claimants in the pre-negotiated Chapter 11 Case of Signal International; Clayton, Dubilier & Rice in the Chapter 11 reorganization of CHC Group; Credit Suisse as agent for a syndicate of lenders to Ginn Resorts; the official equity committee in Chemtura’s Chapter 11 case; Pfizer Inc. in connection with aspects of Quigley’s Chapter 11 case; and Sealed Air Corporation in connection with the Chapter 11 case of W.R. Grace.

In 2017, David was named a BTI Client Service All-Star in recognition of his outstanding client service.  David has been recognized as a "Top Rated Bankruptcy Attorney" by Super Lawyers and received an "Emerging Leader" award from M&A Advisor for being among the top 40 M&A, financing and turn­around professionals under the age of 40. David also repeatedly has been selected as one of the country's "Outstanding Young Restructuring Lawyers" by Turnarounds & Workouts. In addition, David has been selected as a member of the International Insolvency Institute’s "Next Generation," has served as a member of the New York City Bar Committee on Restructuring and Reorganization, and is a member of the UJA-Federation’s "Next Generation" Bankruptcy & Reorganization Group.

Bars and Courts
New York
US District Court for the Eastern District of New York
US District Court for the Southern District of New York
US Court of Appeals for the Third Circuit
Harvard Law School
McGill University


Sealed Air Corporation in its successful resolution of billions of dollars of alleged asbestos and other liabilities in connection with the Chapter 11 case of W.R. Grace.*

Clayton, Dubilier & Rice in connection with the Chapter 11 reorganization of CHC Group (CHC Chapter 11 case was listed as being among the Largest Bankruptcy Filings of 2016 by Turnarounds & Workouts).* 

Certain Trafficking Claimants in the pre-negotiated Chapter 11 case of Signal International, successfully resolving one of the largest cases of labor trafficking in U.S. history through a settlement providing for significant monetary distributions and an unprecedented apology to the claimants (recognized by The American Lawyer in connection with its Global Citizenship Grand Prize (2015) and by Turnaround Atlas as the Chapter 11 Restructuring of the Year – Small Midmarkets (2016).*

Savient Pharmaceuticals in its Chapter 11 case and $120 million asset sale to Crealta, resulting in 88% noteholder recoveries and the continued availability of drug used to treat severe chronic gout (recognized as Pharmaceuticals Turnaround of the Year by Turnaround Atlas).*

DS Waters in  its multi-step out of court restructuring, which was conducted simultaneously with the acquisition of a major coffee company, and resulted in the successful repayment/restructuring of approximately $1 billion of debt across multiple DS Waters entities (recognized as being among the Most Successful Restructurings of 2012 by Turnarounds & Workouts).*

Syms & Filene's Basement in its Chapter 11 case and expedited sale, resulting in recoveries to existing equity holders.*

Official Committee of Equity Holders in the Chapter 11 case of Chemtura Corporation.*

Spectrum Brands in its pre-negotiated Chapter 11 reorganization that included the conversion of approximately $1 billion of unsecured bonds into substantially all of the equity of the reorganized company.*

ION Media Networks in its out-of-court restructuring, resulting in a $1.3 billion recapitalization via a cash tender offer, multiple exchange offers, the issuance of new subordinated debt, and a change of control whereby ION became privately held by Citadel Investment Group (recognized in 2008 as Turnaround Deal of the Year – Media, Telecom & Technology and as Refinancing Deal of the Year by M&A Advisor).*

Winn-Dixie Stores in its Chapter 11 reorganization, which included the rationalization of the company's store footprint and conversion of $1 billion of debt to equity in the reorganized company (recognized as Mega Turnaround of the Year by Turnaround Management Association (2007)).*

*Experience prior to joining White & Case.


Prepackaged Bankruptcies, published in Strategic Alternatives For and Against Distressed Businesses, 2015

Emerging Uncertainties Relating to Credit Bidding in Bankruptcy, Financier Worldwide, July 2014

Communications with an Examiner: Privilege, Confidentiality, and Related Issues, published in Examiners in Bankruptcy Cases: A Guide for Examiners, Courts and Practitioners, 2014

Expanding Use of Chapter 15 Tests Its Protections and Limits, Financier Worldwide, January 2013

Restructuring Large, Systematically Important Financial Companies, American Bankruptcy Institute Law Review, Winter 2011 (Vol. 19, No. 2)

The 'River Road' Less Traveled, New York Law Journal, September 26, 2011

Recent Opinions Addressing Bankruptcy Takeover Activity, published in Best of ABI: The Year in Business Bankruptcy 2011, 2011

Best Practices Report: Debtor Employee Retention and Incentive Compensation Programs in Light of the Bankruptcy Abuse Preven¬tion and Consumer Protection Act of 2005, published in Circuit Review and Best Practices Reports, 2007

Awards and Recognition

Best Lawyers in America, 2020-2021

"Emerging Leader Award" for Top 40 under 40 – The M&A Advisor

Outstanding Young Restructuring Lawyers - Turnarounds & Workouts

Client Service All-Star – BTI

Top Rated Bankruptcy Attorney – Super Lawyers