Thomas J. Salerno is the senior shareholder in the Arizona office, and a member of the firm's Business Restructuring & Bankruptcy Department. He has been involved in restructurings in the United States, the United Kingdom, Germany, France, Switzerland and the Czech and Slovak Republics. In addition, Mr. Salerno teaches Comparative International Insolvency at the University of Salzburg.
Mr. Salerno has extensive experience representing distressed companies, acquirers and creditors in financial restructurings and bankruptcy proceedings, pre- and post-bankruptcy workouts, and corporate recapitalizations. He has represented clients in diverse industries such as casinos, resort hotels, real estate, high-tech manufacturing, electricity generation, agribusiness, construction, healthcare, airlines and franchised fast-food operations. Mr. Salerno has also served as an expert witness on U.S. insolvency law in litigation in Germany.
Mr. Salerno has represented parties in insolvency proceedings in 30 states and five countries. He headed the U.S. delegation to the Czech Republic in advising the Czech Government in the historic revamping of its bankruptcy law, which took effect in January 2008. Mr. Salerno has also advised on revamping insolvency laws in the Dominican Republic and Costa Rica. He is a member of the UNCITRAL working group on its Insolvency Law Reform Project, completed in early 2007.
Mr. Salerno served as a director of the American Bankruptcy Institute, where he also served on the executive committee, and formerly was a director of the American Bankruptcy Board of Certification, Inc. He is a past chair of the Bankruptcy Section of the State Bar of Arizona and a fellow of the American College of Bankruptcy.
Mr. Salerno was named as one of 12 Outstanding Bankruptcy Attorneys in 1998 and 2000 by Turnarounds & Workouts, a newsletter published by Beard Group, Inc. in Washington DC, and is a member of the select group of insolvency professionals listed in the K&A Restructuring Professionals Registry. He has been listed in The Best Lawyers in America since 1993 and was selected by his peers for inclusion in Southwest Super Lawyers, a distinction honoring the top 5 percent of lawyers in the region. Mr. Salerno is also recognized by Az Business Leaders in the area of Bankruptcy Law. In 2009, he was selected as Best Lawyers' Phoenix Bankruptcy and Creditor-Debtor Rights Lawyer of the Year and as Best Lawyers' Phoenix Bankruptcy Litigation Lawyer of the Year in 2014. Mr. Salerno was also one of three Arizona-based lawyers to be listed in The International Who's Who of Insolvency & Restructuring Lawyers.Mr. Salerno is an “AV/Preeminent Attorney ” as rated by Martindale-Hubbell .
•Best Lawyers in America: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Phoenix, 1993 - 2015
•Best Lawyers in America: Litigation-Bankruptcy, Phoenix, 2011-2015
•Best Lawyers in America, Lawyer of the Year: Bankruptcy, Phoenix - 2010
•Best Lawyers in America, Lawyer of the Year: Litigation - Bankruptcy, Phoenix - 2014
•Best Lawyers in America, Lawyer of the Year: 2009
•Southwest Super Lawyers, 2007-2014
•The International Who's Who of Insolvency & Restructuring Lawyers, 2009
•The International Who's Who of Business Lawyers, 2009 and 2011
•Lawdragon's Leading Lawyers in America, 2010
•Who's Who Legal 100, 2012
•“AV/Preeminent Attorney ” as rated by Martindale-Hubbell
In addition to numerous articles in both national and international journals, Mr. Salerno is the author of “An Overview of the Restructuring Process,” which appeared in Best Practices for Corporate Restructuring, published in 2006 by Aspatore Books. He is also the co-author of “Chapter 11 Cases Involving Professional Sports Franchises” in the Collier Guide to Chapter 11: Key Topics and Selected Industries published by LexisNexis in 2011; co-author of the Executive Guide to Corporate Bankruptcy - Second Edition published by Beard Publications; co-author and an executive editor of the three-volume treatise Advanced Chapter 11 Bankruptcy Practice, published by Aspen Law Publications; co-author of “Chapter 11 Cases Involving Sports Franchise”, published in Collier's On Bankruptcy; and co-author of the two volume Bankruptcy Litigation and Practice; A Practitioners' Guide - 4th Edition, also published by Aspen Law Publications.
•Collier's on Bankruptcy, Guide to Chapter 11: Cases Involving Professional Sports Franchises, Updated 2014
In the News
Thomas Salerno Noted in Vegas Inc. for Role on ABI Bankruptcy Review Commission
Thomas J. Salerno was recognized in Vegas Inc. for his role on the Plan Issues Advisory Subcommittee of the American Bankruptcy Institute's Bankruptcy Review Commission.
Posted on: Feb 12th, 2015 Posted In: GS In the News Source: Vegas Inc.
Twelve Gordon Silver Lawyers Listed in Best Lawyers Business Edition, Winter 2014
Twelve Gordon Silver lawyers were listed in the Best Lawyers Business Edition, Winter 2014. They include: Christine Bricker, John Desmond, Michael Feder, Thomas Fell, Gregory Garman, Eric Goldberg, Gerald Gordon, Brigid Higgins, Eve Karasik, and William Noall.
Posted on: Jan 27th, 2015 Posted In: GS In the News Source: Best Lawyers Business Edition, Winter 2014
Thomas Salerno Noted in Phoenix Business Journal's On the Move
Thomas Salerno was recognized in the Phoenix Business Journal's On the Move column for his recent selection as regional endowment chair (Texas & Southwest) for the ABI Anthony H.N. Schnelling Endowment Fund.
Posted on: Jan 14th, 2015 Posted In: GS In the News Source: Phoenix Business Journal
Gordon Silver Attorney Thomas Salerno Named ABI Regional Endowment Chair
Gordon Silver is pleased to announce that Thomas J. Salerno was recently named as a regional endowment chair, Texas & Southwest, for the ABI Anthony H.N. Schnelling Endowment Fund.
Posted on: Jan 13th, 2015 Posted In: Press Releases Source:
Gordon Silver Awarded Law Firm of the Year by LACSN, Lawyers Honored for Hours of Service, and Thomas Salerno on ABI Advisory Subcommittee
The Gordon Silver firm was awarded with the Lied Award for Most Cases Accepted by a Law Firm by the Legal Aid Center of Southern Nevada. Attorneys Eunice Beattie and Colleen McCarthy were also honored at the luncheon, as part of the 100 Hours Club for performing at least 100 hours of pro bono work in 2014.
In addition, Thomas J. Salerno served as part of the Plan Issues Advisory Subcommittee for the ABI Bankruptcy Review Commission.
Posted on: Jan 13th, 2015 Posted In: GS In the News Source: Las Vegas Business Press
Gordon Silver Attorney Thomas J. Salerno Member Of Plan Issues Subcommittee
Gordon Silver is pleased to announce that Thomas J. Salerno recently served as part of the Plan Issues Advisory Subcommittee for the ABI Bankruptcy Review Commission.
Posted on: Dec 17th, 2014 Posted In: Press Releases Source:
Collier's on Bankruptcy, Guide to Chapter 11: Cases Involving Professional Sports Franchises
The newly released 2014 update for Chapter 28 of Colliers On Bankruptcy entitled Chapter 11 Cases Involving Professional Sport Franchises has been released. It discusses the legal intricacies of major sports team bankruptcies, and provides some analysis. Particular issues discussed include: the Leagues' predilection for calling its teams franchises; the team's desire to alter operations post-bankruptcy filing; the somewhat unique nature of the assets in a sports bankruptcy and League control over such assets adn their disposition, and the Leagues' attempts to dodge antitrust claims. By Thomas J. Salerno
Posted on: Nov 20th, 2014 Posted In: Publications Source: Collier's on Bankruptcy, Chapter 11 Cases
Thomas J. Salerno Listed in Who's Who Legal Insolvency & Restructuring on Move to Gordon Silver
Thomas J. Salerno was listed in the Who's Who Legal Insolvency & Restructuring 2014 report for his move to Gordon Silver.
Posted on: Aug 19th, 2014 Posted In: GS In the News Source: Who's Who Legal Insolvency & Restructuring 2014
Sixteen Gordon Silver Attorneys Named as 2015 Best Lawyers
Sixteen attorneys at Gordon Silver were recently selected as “Best Lawyers” in the 2015 Best Lawyers in America . Attorneys were selected in various practice areas based on high peer reviews.
Posted on: Aug 19th, 2014 Posted In: Press Releases Source:
Thomas Salerno Joined Gordon Silver's Phoenix Office
Thomas J. Salerno joined Gordon Silver as a shareholder and administrative partner in charge of the Phoenix office. He is a member of the firm's Business Restructuring & Bankruptcy practice group.
Posted on: Jul 28th, 2014 Posted In: GS In the News Source: Arizona Attorney
•Represented as lead counsel the landmark Phoenix Coyotes in the negotiation and historic sale of the team to the National Hockey League through a Chapter 11 bankruptcy proceeding.
•Restructuring counsel for Snyder's Drug Stores, Inc. involving a nationwide chain of retail drug stores.
•Restructuring counsel for Unison HealthCare, Inc., an NYSE nationwide owner/operator of nursing homes and assisted living facilities.
•Restructuring counsel for Rural/Metro Corp., an NYSE owner/operator of emergency fire and ambulance services for counties and municipalities.
•Restructuring counsel to Industrias Nucleares do Brasil S/A, the Brazilian nuclear regulatory agency, in insolvency proceedings in the United States and Switzerland.