Pryor Cashman Represents Wilmington Savings Fund Society, FSB, Co-Chair of Unsecured Creditors Committee, in RCS Capital Bankruptcy
Pryor Cashman client Wilmington Savings Fund Society, FSB (“WSFS”), as successor indenture trustee to more than $120 million in convertible senior notes in connection with the RCS Capital Corporation (“RCS Capital”) bankruptcy, has been selected as a member and co-chair of the Unsecured Creditors Committee in the RCS Capital bankruptcy case. RCS Capital, a New York based investment and brokerage firm, and certain of its affiliates, filed for bankruptcy on January 31, 2016 in the U.S. Bankruptcy Court for the District of Delaware. Representing WSFS are Partner Seth H. Lieberman and Counsel Patrick Sibley, both members of Pryor Cashman’s Bankruptcy, Reorganization and Creditors’ Rights Group.
Over the past decade, Seth and Patrick have represented indenture trustees in many of the largest U.S. bankruptcies, including Caesars Entertainment Operating Company, Inc., Momentive Performance Materials Inc., AMR Corporation, NewPage Corporation, Tropicana Entertainment LLC, Asarco LLC, Tribune Company, The Majestic Star Casino LLC, Cooper-Standard Holdings, Inc., Metaldyne Corporation, WCI Communities, Inc., KH Funding Corporation, Star Tribune Holdings Corporation, Finlay Enterprises, Inc. and Bayonne Medical Center.
