William and Mary School of Law, J.D. 2004
Michigan State University, James Madison College, B.A. 2000
David Massaron has experience in the legal review and structuring of numerous types of public financings, including: higher education and student loan financings; major infrastructure financings; water utility issues financings; and a wide variety of other major municipal facilities financings such as airports, waste water facilities, small issue manufacturing facilities, cash flow deficit financings, advance refunding and escrow swap transactions, tax credit bonds and Build America Bonds.
He has served as bond counsel and underwriter's counsel on public finance transactions involving the state, state agencies and state authorities. Dave is a frequent lecturer at meetings of the Michigan Association of Drain Commissioners.
David was part of a team that was asked to assist an underwriting client close a transaction with a school district. Given the complexity of the transaction and the credit crisis that the financial markets were undergoing, they had to operate within a very tight time frame. If the transaction did not close by a specific date, the school district stood to face a large monetary penalty. For a time, the transaction teetered on the edge of not closing. In the end, however, the team found creative solutions to all impediments and was able to close the deal on time.
Miller Canfield serves as local counsel to the City of Detroit in connection with its Chapter 9 bankruptcy case filed in July 2013 and its ongoing restructuring efforts. In connection with this representation, Miller Canfield currently is (a) handling post-petition financing matters, (b) litigating and negotiating requests for relief from the automatic stay matter, and (c) assisting with the restructuring of various City departments. The City of Detroit has estimated that its total outstanding obligations as of the commencement of its bankruptcy case totaled approximately $18.5 billion.
William and Mary School of Law, Member of the Order of the Coif
Best Lawyers in America, Public Finance Law 2013
State Bar of Michigan
National Association of Bond Lawyers
Civic, Cultural & Social Activities
Detroit Institute of Arts, Founders Junior Council, Board of Directors, 2010-present
"Reporting Interest Payments to the IRS: New Tax Law Changes May Impact Drain Commissioners," Pipeline (the Michigan Association of Drain Commissioners Magazine)
"Financing Public Improvements," Michigan Municipal Magazine
"Permissible Municipal Expenditures," Michigan Municipal Magazine
Co-authored "Legislative Update," Public Corporation Law Section's quarterly newsletter, 2004 to 2007