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Jay Fortin is a commercially astute and internationally experienced corporate lawyer and business leader offering a 30 year record of accomplishment as a buy-side, sell-side lawyer and trailblazing, innovative C-level executive driving success in the USA and emerging global markets.
With his visionary and strategic approach, an empathic interpersonal style, and the capability to motivate talented teams with passion and focus, Jay has the resilience and the agility to operate in demanding economic and organisational environments.
The United States Treasury and an ad hoc group of the bondholders of General Motors Corporation were also represented in court.
One of the first motions filed in court was to void the leases on the seven corporate jets, and corporate aircraft hangar at Detroit Metropolitan Wayne County Airport, which the company said were no longer valuable to the company's business.
Prior to establishing Ten O’Clock Lane Global Advisors, Jay was Managing Director, General Counsel and Head of Compliance with Arcapita Group Holdings Limited – a PE/real estate alternative asset management company headquartered in Bahrain, with offices and operations in the US, Europe, the Middle East and Asia.Compensation has not yet been awarded in cases where individual dealer franchise property and ownership rights were transferred for the purpose of granting such rights to a nearby dealer selected by General Motors.In addition to reports of fraud and theft filed with the police, GM dealers joined to form the Committee to Restore Dealer Rights.In a press conference that began four hours and eighteen minutes after the filing, the GM Chief Executive Officer, Fritz Henderson, stressed that he intended for the bankruptcy process to move quickly. The eight-mile rule prohibits same-franchise dealers from locating within eight miles of each other.In 2001 General Motors formally declared Project 2000 would be implemented as part of a brand-channeling strategy designed to consolidate its network of privately owned individual franchise dealerships and reduce the number of locations from 7,300 to 3,800.