Bio

Maria Diconza focuses her practice on complex financial restructuring and bankruptcy transactions for companies and municipalities. Her expertise provides clients with creative and proven solutions to preserve and maximize value. Maria is a leading member of an O’Melveny team representing Puerto Rico in the largest municipal bankruptcy in US history and advising the Island’s government entities through recovery from two devastating hurricanes, political turmoil, earthquake swarms, and COVID-19. Maria represents the Puerto Rico Electric Power Authority in its on-going restructuring of more than $8 billion in debt and led negotiations for the Puerto Rico Aqueduct and Sewer Authority in its successful restructuring of approximately $1 billion of debt under federal water and sewer programs. Maria is also currently advising the City of Long Beach, NY in the face of an overwhelming over $140 million judgment against the City and a long-history of being one of the most fiscally stressed municipalities in New York State. In her over 20 years of practice, Maria has represented companies in various industries including health care, manufacturing, energy, financial services, and for-profit education. Most recently, Maria was lead counsel to women’s fashion boutique francesca’s® in its Chapter 11 case, which resulted in the successful going concern sale at the height of the COVID-19 pandemic.