NEW YORK--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--Dec 14, 2004--Marc Lasry, one of the pioneers of the distressed securities market, has been elected a trustee of New York Law School. He is a member of the Class of 1984.
Lasry is the founder and managing partner of Avenue Capital Group, the U.S. and Asia (excluding Japan) distressed fund manager with assets totaling over $6 billion.
''I`m delighted to have this opportunity to serve New York Law School, which gave me the legal education that has played such a significant role in my career,'' Lasry said. ''I`m looking forward to working with Chairman of the Board Arthur N. Abbey `59, Dean and President Richard A. Matasar, and my fellow trustees. I believe that we can make this fine institution an even better place for current and future law students.''
Prior to founding Avenue Capital Group, Lasry was affiliated with Acadia Partners LP, an investment partnership whose general partners include Keystone, Inc. (an investment partnership firm that was affiliated with the Robert M. Bass Group), American Express Company, and the Equitable Life Assurance Society of America. Lasry was previously codirector of the bankruptcy and corporate reorganization department at Cowen & Company. Prior to that time, he served as director of the private debt department at Smith Vasiliou Management Company. He previously specialized in bankruptcy law at the New York firm of Angel & Frankel.
Lasry holds a B.A. in History from Clark University and a J.D. from New York Law School. He clerked for the Honorable Edward Ryan, chief bankruptcy judge of the Southern District of New York.
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