Vedder Price

William W. Thorsness

Shareholder

William W. Thorsness is a Shareholder in the Insolvency, Bankruptcy & Corporate Reorganization, Complex Commercial Litigation and Corporate practices of Vedder Price’s Chicago office.

Mr. Thorsness’ practice focuses on representing clients in restructuring and bankruptcy litigation, corporate workouts and related proceedings. He has more than 13 years of litigation and transactional bankruptcy experience, including in debtor-in-possession financings, cash collateral disputes, adequate protection fights and Section 363 sales, Chapter 11 plan negotiations, and avoidance actions.

Mr. Thorsness regularly helps businesses find valuable and cost-effective solutions to complex bankruptcy and insolvency-related matters. In this capacity, he primarily assists commercial lenders, finance companies, equipment lessors and other secured and unsecured creditors in protecting their assets and interests in bankruptcy cases, foreclosures, out-of-court workouts and other insolvency proceedings, as well as through sales under Article 9 of the Uniform Commercial Code. He also represents businesses and private equity firms looking to acquire assets in the distressed marketplace, including through Section 363 bankruptcy sales.

Mr. Thorsness has also successfully represented public companies, investment advisers, broker-dealers, accounting firms and officers and directors in complex matters involving financial restatements, alleged financial fraud, books and records and internal control violations, whistleblower allegations, conflicts of interest, board governance and oversight, supervision and insider trading.

Mr. Thorsness was selected for inclusion in 2010 and from 2012 to 2017 as an Illinois Rising Star by Super Lawyers. In addition, he was selected as an Emerging Lawyer, an affiliate of Leading Lawyers, from 2014 to 2019.

William W. Thorsness

Shareholder

Education

  • Loyola University Chicago School of Law, J.D., 2006, cum laude
  • Washington and Lee University, B.A., 2003, magna cum laude

William W. Thorsness

Shareholder

Bar Admissions

  • Illinois, 2006

Court Admissions

  • U.S. District Court, Northern District of Illinois, 2007
  • U.S. Court of Appeals, Seventh Circuit, 2019

Affiliations

  • Member, Chicago Bar Association
  • Member, American Bar Association

William W. Thorsness

Shareholder

William W. Thorsness

Shareholder

Experience

  • Represents the Chapter 7 Trustee in the bankruptcy of Central Grocers, once the seventh largest food cooperative in the country.
  • Represented an investment management company in a bankruptcy court proceeding which resulted in a historic $9.5 million contempt award, after a four day trial, for violation of an injunction contained in a confirmation order.
  • Regularly represents one of the country’s largest private student loan servicers on a national basis in bankruptcy litigation.
  • Represented the largest non-traded REIT in the world in an SEC investigation.
  • Represented a former CEO in defending $20 million in fraudulent transfer claims.