Norman B. Newman Named President-Elect of Turnaround Management Association Chapter

Much Shelist Principal Norman B. Newman, Chair of the firm's Creditors' Rights, Insolvency & Bankruptcy practice group, has been named President-Elect of the Chicago/Midwest chapter of the Turnaround Management Association (TMA). Newman, who has been serving as Vice President – Programs for the organization, will assume his new position in January 2007 and will become chapter President in January 2008. With approximately 1,000 members, TMA's Chicago/Midwest chapter is the largest and most active in the country.

TMA is the only international non-profit association dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, the organization's 7,000 members in 36 regional chapters (including nearly 10 outside the United States) comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. For more information, visit www.turnaround.org.