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Sometimes the best solution for your problems is to hit the road. That’s what bankrupt Laidlaw Inc. did when it restructured itself and moved from Burlington, Ontario, to Naperville, Illinois. In the process, the company changed its name to Laidlaw International and jettisoned $4 billion in debt. Laidlaw is a holding company that owns Greyhound Lines Inc., as well as the largest school bus operator in America. The trouble started when another subsidiary, Safety-Kleen Corporation, an industrial waste management company, had to restate its earnings in 2000. That, combined with Laidlaw’s late-nineties acquisition binge, forced the overleveraged company to default on its debt last year. The restructuring became effective on June 23, almost exactly two years after Laidlaw filed for Chapter 11 in Buffalo. The reorganization was approved by a Canadian court. With $1.23 billion in exit financing, the company should have enough fuel to keep going for a while. For Laidlaw Inc. (Burlington, Ontario), now Laidlaw International Inc. (Naperville, Illinois) In-house: Senior vice president, general counsel, and secretary Ivan Cairns. Goodmans (Toronto): Corporate restructuring: Jay Carfagnini. Insolvency: Brian Empey, Joseph Pasquariello, Candy Schaffel, and associate Melaney Wagner. Litigation: Benjamin Zarnett. Securities: Allan Goodman, Stephen Halperin, and associates Matthew Angus and Samantha Traub. Banking, corporate, commercial, and DIP financing: Celia Rhea and associates Shauna MacDougall and Joel Monson. Tax: Maureen Berry and Carrie Smit. Jones Day (Cleveland): Insolvency and litigation: Richard Cieri, John Edwards, Paul Harner, James Wareham, counsel James Anklam and Joseph Witalec, and associate David Beck. Corporate, tax, and banking: Thomas Daniels, Lester Droller, Robert Graves, and associates Phuong Lam, Eric Reeves, and Edward Winslow. (Harner, Graves, Lam, Reeves, and Winslow are in Chicago; Edwards is in Menlo Park, California; Wareham, Anklam, and Droller are in Washington, D.C.; and Witalec and Beck are in Columbus.) Cieri has since joined Gibson, Dunn & Crutcher, while Anklam and Wareham have since joined Paul, Hastings, Janofsky & Walker. Hodgson Russ (Buffalo): Bankruptcy and restructuring: Garry Graber and associate Stephen Yonaty. For the Bank Subcommittee Stikeman Elliott (Montreal): Insolvency and litigation: David Byers and Ashley Taylor. Banking: Sharon Polan and associate Quentin Markin. Tax: Tom Vowinckel. (All are in Toronto.) Clifford Chance (London): Financial restructuring and insolvency: counsel Hilary Lane and Margot Schonholtz. M&A: David Brinton and associates Andrew Epstein and Christopher Van Tuyl. Litigation: associate Mary Nation. (All are in New York.) For the Bondholder Subcommittee Bennett Jones (Calgary): Bankruptcy and restructuring: S. Richard Orzy, Kevin Zych, and associate Rajvinder Sahni. Corporate and securities: Paul Blundy and John Kousinioris. Tax: Darcy Moch. (All are in Toronto except Kousinioris and Moch, who are in Calgary.) Debevoise & Plimpton (New York): Bankruptcy and restructuring: Peter Borowitz, Richard Hahn, and associate Maureen Cronin. For the Syndicate of Senior Lenders Shearman & Sterling (New York): Bank finance: Maura O’Sullivan and associates Philip Liu, Asher Richelli, and Laurie Stein. Real estate: Malcolm Kratzer and associate Lisa Brill. Tax: associates Ja Kao and Edward Park. ERISA: counsel Miriam Wallach and associate Patricia Kuhn. McCarthy T�trault (Toronto): Banking: Linda Pieterson, Kevin Wright, counsel Jay Hayden, and associates Carmen Coccimiglio and Mark Rasile. Tax: Doug Cannon and Jerald Wortsman. Insolvency: James Gage. Real property: John Currie, Louis-Martin Dub�, and associates Tzen Goh and Karsoen Ho. (Wright is in Vancouver, Hayden is in Calgary, and Dub� is in Montreal.) For the Purchasers of the Senior Notes Cahill Gordon & Reindel (New York): Corporate: John Papachristos and associates Clifford Cohn and Simon Marom. McCarthy T�trault (Toronto): Corporate finance: Andrew Parker. (Parker is in New York.) For the Monitor and Information Officer in the Canadian Proceedings, Ernst & Young, L.L.P. (New York) Ogilvy Renault (Toronto): Insolvency and restructuring: Derrick Tay. For the Official Creditors Committee Harter, Secrest & Emery (Rochester, New York): Bankruptcy and insolvency: Raymond Fink and John Weider. (Fink is in Buffalo.) For Safety-Kleen Corp. (Plano, Texas) Fraser Milner Casgrain (Toronto): Insolvency and restructuring: Joseph Marin. Skadden, Arps, Slate, Meagher & Flom (New York): Restructuring: J. Gregory St. Clair. For the DIP Lender, GE Corporate Financial Services (Stamford, Connecticut) In-house: Managing director and general counsel � GE Corporate Financial Services Jill Zellmer. Osler, Hoskin & Harcourt (Toronto): Insolvency and restructuring: Scott Horner and Frederick Myers. Horner started working for GE on the DIP financing while at McMillan Binch. GE followed him to Osler. Myers has since joined Goodmans. For American Home Assurance Co. Inc. (New York), Federal Insurance Company Inc. (Warren, New Jersey), and Chubb Insurance Company (Warren, New Jersey) Borden Ladner Gervais (Toronto): D&O liability insurance: Keith Batten and Mary Margaret Fox. Bankruptcy, insolvency, and corporate restructuring: Craig Hill and associate Roger Jaipargas.

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