New York, September 10, 2008—Shearman & Sterling won Turnaround Management Association’s Transaction of the Year Award for its representation of Remy International, Inc. in the first prepackaged chapter 11 in the automotive sector. Shearman shares the award with Remy's financial advisor, AlixPartners LLP, and Remy's lead investment banker, Rothschild, Inc. Winners will be honored at the Turnaround Management Association's Annual Convention in October.

The Shearman & Sterling Remy team included partners Douglas P. Bartner (New York-Bankruptcy & Reorganization), Fredric Sosnick (New York-Bankruptcy & Reorganization), John J. Cannon III (New York-Executive Compensation & Employee Benefits), Roger J. Baneman (New York-Tax), Lisa L. Jacobs (New York-Capital Markets) and James S. Scott, Sr. (New York-Capital Markets), associates Danny Choi (New York-Bankruptcy & Reorganization), Garrett J. Dowd (New York-Executive Compensation & Employee Benefits), Jill K. Frizzley (New York-Bankruptcy & Reorganization), Ronni N. Gershowitz (New York-Bankruptcy & Reorganization), Brian Iorio (New York-Bankruptcy & Reorganization), Randall L. Martin (New York-Bankruptcy & Reorganization), Kelly McDonald (New York-Bankruptcy & Reorganization) and Solomon J. Noh (New York-Bankruptcy & Reorganization), specialist Marian Luketic (New York-Bankruptcy & Reorganization) and legal assistant Jennifer C. Lin (New York-Bankruptcy & Reorganization).