Mark L. Prager is a litigation lawyer with Foley & Lardner LLP and a member and former chair of the national Bankruptcy & Business Reorganizations Practice, which focuses on Chapter 11 restructuring, litigation, transactions, regulatory and corporate finance matters.
He was elected to the National Management Committee (2000 – 2009) and is the former office managing partner in Chicago (2004 – 2012). Mr. Prager is retained as lead counsel to financial institutions, secured creditors, debtors, indenture trustees, banks, and creditor committees in national and local reorganization cases, commercial transactions, and complex litigation.
These cases include multi-billion dollar official creditor committee representation, indenture trustee representation in major Chapter 11 cases, including General Growth Properties, Farmland Industries, and American Airlines, counseling to the Trustees of the $20 billion Deep Horizon Oil Spill Recovery Trust, liquidating trust representation of leading financial institutions and liquidations of broker-dealers under the Securities Investor Protection Act. Mr. Prager is also a member of the Finance & Financial Institutions Practice.
He received his undergraduate degree, magna cum laude, from the University of Illinois and his law degree from Washington University School of Law, St. Louis, Missouri.
Admissions and Professional Memberships :
Mr. Prager was elected secretary to the board of directors of the Chicago Council of Lawyers and was chair of the Council’s Legislative Committee. He is also a member of the Association of Trial Lawyers of America.
Mr. Prager served as legal intern to former Chief Bankruptcy Judge Robert L. Eisen for the Northern District of Illinois, Eastern Division. For three years, he was an arbitrator for the National Association of Securities Dealers. He is admitted to practice in Illinois and Wisconsin.
Mr. Prager was an adjunct professor of law at Washington University in St. Louis (2008, 2009 and 2010) and taught a course on advanced corporate restructuring. He also served as an adjunct professor at Northwestern University School of Law in Chicago (2012 – 2015) and taught a course on Chapter 11 litigation and advanced strategy.
Mr. Prager lectures regularly at legal education seminars and has taught advanced bankruptcy strategy for the Chicago Bar Association. His insightful commentary has been utilized by national and local media, such as CNN Business News, The Wall Street Journal, and Crain’s Chicago Business.
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