NEW YORK, NY--(Marketwire - April 21, 2008) - Cooley Godward Kronish announced today that the Firm's Bankruptcy and Restructuring group has been selected as committee counsel in several major retail insolvencies in recent months. Led by Partner Larry Gottlieb, the group is representing creditors' committees for retailers including The Sharper Image, CompUSA, Lillian Vernon, Harvey Electronics, The Domain Company, Wickes, Hancock Fabrics, Bombay Company, Princeton Ski Shops and Levitz Furniture in their bankruptcy proceedings.

"Cooley is a preeminent advisor to creditors in bankruptcy situations and we are pleased to be a go-to firm that creditors turn to for counsel in these proceedings," said Gottlieb. "Given the fact that in 2008, the number of retail bankruptcies and liquidations is expected to reach the highest levels since the 1991 recession, we anticipate a high level of activity for the remainder of the year."

Cooley is one of the top 10 U.S. legal advisors on bankruptcy and restructuring matters, according to leading business publication The Deal. The Firm represents secured lenders, official and unofficial creditors' committees, equity committees, employee and retiree committees, tort committees, investors in distressed situations, purchasers of assets, debtors and companies and governmental entities in the negotiation of complex reorganizations.

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Contact Information: Contact: Zach Olsen 415-732-7805