JEFFREY C. KRAUSE REJOINS STUTMAN, TREISTER & GLATT AS PARTNER AND SENIOR SHAREHOLDER AT LEADING LOS ANGELES BANKRUPTCY AND REORGANIZATION LAW FIRM

(LOS ANGELES) – Jeffrey C. Krause, a prominent bankruptcy attorney and reorganization specialist, has rejoined Stutman, Treister & Glatt as a partner and senior shareholder. The venerable Los Angeles-based law firm is recognized nationally as a leader in the field of business restructuring, reorganizations and bankruptcies.

Krause returns to Stutman, Treister & Glatt, where he was a partner and senior shareholder and had spent his entire legal career, after an absence of two-and-a-half years. He left Stutman, Treister & Glatt in September 1999, to become a partner and head of the financial restructuring practice group in the Los Angeles office of Akin, Gump, Strauss, Hauer & Feld, L.L.P. “Jeff Krause is an exceptionally talented lawyer and a good friend and we are thrilled to have him back home,” said Robert A. Greenfield, the chairman of the executive committee at Stutman, Treister & Glatt.

Krause joined the firm in 1980, after clerking there and receiving his law degree with high honors from UCLA. He went on to represent debtors in many out-of-court financial restructurings and in Chapter 11 bankruptcy cases in the real estate, health care, power generation, retailing, life insurance and restaurant industries. Some of his recent clients include creditors in the Chapter 11 cases of MCorp., Eastern Airlines; the creditors’ committee in Crown Paper; the buyer in the --- Home Fed Corp. Chapter 11; and the Chapter 11 debtors First Capital Holdings Corp. (the parent of First Capital Life Insurance); Westmoreland Coal and Boston Chicken, Inc., which operated Boston Markets restaurants. Krause also frequently represents purchasers of financially distressed companies.

Founded in 1948, Stutman Treister & Glatt has a national reputation as a firm that rescues and rehabilitates companies that have financial problems and returns them to fiscal well-being. It is considered an architect of modern bankruptcy law and has represented a myriad of high profile corporations, as well as creditors and acquirers in reorganizations, bankruptcies and out-of-court restructuring transactions.

“I have enjoyed my time at Akin Gump, but Stutman, Treister & Glatt was my home for nearly 20 years. I have come to recognize that the firm best represents the professional and collegial environment where I can most comfortably and profitably practice quality law,” said Krause.

Krause is well known and respected for his involvement in the professional law community. He was the chair of the committee responsible for the creation and expansion of the Los Angeles County Bar Association’s pro bono debtor assistance project that provides services to indigent debtors in bankruptcy cases. He is also the former president of the Los Angeles Bankruptcy Forum and an ex-officio member of the boards of directors of both the Los Angeles and California Bankruptcy Forums.

A resident of Encino, Krause is past chair of the American Bar Association Litigation Section’s Bankruptcy Committee, served three terms on the executive committee of the Commercial Law & Bankruptcy Section of the Los Angeles County Bar Association and is a member of the board of governors of the Financial Lawyers Conference.

He received his B.S. in economics in 1977 and his J.D. in 1980 from UCLA where he was a member of Order of the Coif and the UCLA Law Review.