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U. Penn’s Wharton School of Business Wins 5th Consecutive Title at ABI Corporate Restructuring Competition

Alexandria, Va. — A team of students from The Wharton School at the University of Pennsylvania took top honors for the fifth consecutive year at ABI’s 16th Annual Corporate Restructuring Competition. The Wharton School bested six other business schools at the competition, which was held on Nov. 15 at the Gleacher Center at The University of Chicago Booth School of Business. This is the school’s ninth time overall to receive the Bettina M. White Trophy, which is presented each year to the winning team. Students were given just a week to solve a hypothetical complex case and present their proposed solutions to judges representing key industry stakeholders.

A team from Cornell University’s SC Johnson College of Business at came in second place, while another team from the Wharton School took third. ABI’s Anthony H.N. Schnelling Endowment Fund provided cash prizes of $6,000, $3,500 and $2,500 for the top three teams, respectively. Other schools competing this year were Columbia Business School, Northwestern University Kellogg Graduate School of Management, University of Virginia Darden School of Business, University of Chicago Booth School of Business and Michigan State University.

In addition to the case presentations, the competition concluded with awards and a cocktail reception following the final round of the competition. Will Sudgen (Alston & Bird LLP), with assistance from the Association of Insolvency & Restructuring Advisors, served as the chair of the Corporate Restructuring Competition. ABI thanks the major sponsors of this year’s competition, including Alston & Bird LLP, Brown Rudnick LLP, Conway Mackenzie, Inc. and Stretto.

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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 11,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abiworld.org. For additional conference information, visit http://www.abi.org/calendar-of-events.