Leech Tishman Business Restructuring & Insolvency Group Reaches $200M Settlement Agreement on Behalf of New York Investor, Allowing Investor to Retain Properties in Chapter 11 Bankruptcy Filings

Leech Tishman Business Restructuring & Insolvency Group Co-Chair Fred Ringel, Leader of the firm’s Real Estate-Related Insolvency Group, recently reached a $200M settlement on behalf of its client, a New York City real estate investor. Following over two years of litigation, this agreement was reached with the client’s mortgage and mezzanine lenders in just a few weeks, allowing the client to retain his New York City real estate portfolio as part of a number of Chapter 11 bankruptcy filings.  A consensual joint Chapter 11 plan of reorganization is expected before the end of 2022.

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