Pryor Cashman Represents Wilmington Savings Fund Society, FSB as Chair of Unsecured Creditors Committee in Penn Virginia Bankruptcy
Pryor Cashman client Wilmington Savings Fund Society, FSB (“WSFS”), as successor indenture trustee to $1.075 billion in senior notes issued by Penn Virginia Corporation (“Penn Virginia”), has been selected as a member and chair of the Unsecured Creditors Committee in the Penn Virginia bankruptcy case.
Penn Virginia, a Pennsylvania based oil and gas company, and certain of its affiliates, filed for bankruptcy on May 12, 2016 in the U.S. Bankruptcy Court for the Eastern District of Virginia.
Representing WSFS are Partner Seth H. Lieberman, Counsel Patrick Sibley and Associate Matthew W. Silverman, members of Pryor Cashman’s Bankruptcy, Reorganization and Creditors’ Rights Group.
Over the past decade, Lieberman and Sibley have represented indenture trustees in many of the largest U.S. bankruptcies, including Caesars Entertainment Operating Company, Inc., RCS Capital Corporation, 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.
