Rick represents strategic buyers of financially troubled businesses, purchasers of distressed debt, secured creditors and other parties in the financial restructuring and bankruptcy processes. Many of the matters that Rick handles involve litigated disputes, allegations of fraud and insolvency proceedings pending in multiple jurisdictions.

Rick also provides corporate governance and liability avoidance advice to private equity firms, and directors and officers dealing with special situations involving insolvency and litigation risk. In addition, he serves as outside general counsel to several growing businesses and as a member of the board of advisors for a specialty financial services firm.

Over the past ten years he has represented corporate trust fiduciaries in dozens of matters involving litigation and/or bankruptcy. Examples include: representing an indenture trustee in connection with $1.8 billion in debt in the Energy Future Holdings Bankruptcy, the world’s largest failed LBO; the resolution through Chapter 15 of a difficult cross-border default; first chair trial of bondholders’ rights to $230 million in prepayment premiums and valuation of fourteen power plants; and numerous securitization and swap-related bankruptcy matters and plan litigation related to corporate governance.

Recently, a significant portion of Rick’s work has focused on restructuring skilled nursing facilities and other health care providers. Over six months in 2018, Rick and his team represented a skilled nursing facility in a successful Chapter 11 proceeding, which allowed the companies to shed extensive legacy liabilities and quickly restructure without any patient disruption.