Director of Communications
UCLA School of Law
LOS ANGELES, CA, June 15, 2011 -- Three leading bankruptcy and corporate restructuring-related organizations have made grants totaling $69,500 to UCLA School of Law. The grants will fund the collection of new fields of data for constructing a comprehensive model of bankruptcy success. Lynn M. LoPucki, Security Pacific Bank distinguished professor of law, and Joseph W. Doherty, director of UCLA Law’s Empirical Research Group, will direct the success-modeling project.
The grants from the National Conference of Bankruptcy Judges, the American Bankruptcy Institute and the Turnaround Management Association, will be used to study the best ways to reorganize large, public companies. The new fields of data will include information on creditor recoveries, committees, DIP lenders, turnaround managers, economic conditions, confirmation and post-363 sale business performance, and other factors possibly related to success.
“Lots of academics have studied the success and failure of big bankruptcy cases. What will be different with this study is the quality and scope of the data that will be available,” said Professor LoPucki. “The success-modeling project is also unique in that we do not intend to analyze the data ourselves. Our role will be to collect and distribute the data. Academic researchers from all over the world, acting independently, will do the modeling.”
Researchers may use the collected data — along with data from other databases and data they collect themselves — to model success as they see it. The terms of the grants will also make the data available free to members of the American Bankruptcy Institute and the Turnaround Management Association.
The success-modeling project is part of the UCLA-LoPucki Bankruptcy Research Database (BRD), which was developed by Professor LoPucki and donated to UCLA School of Law in 2009. The BRD provides data free of charge to academics worldwide. It fills approximately 130 requests a year from scholars conducting research for publication on large public company bankruptcies. Key data are also available to the public on the BRD website at http://lopucki.law.ucla.edu.
About UCLA School of Law
Founded in 1949, UCLA School of Law is the youngest major law school in the nation and is dedicated to principles of excellence, innovation, access and service. With approximately 100 faculty and 970 students, the school pioneered clinical teaching, is a leader in interdisciplinary research and training and is at the forefront of efforts to link research to its effects on society and the legal profession. For more information, visit http://www.law.ucla.edu.