Richard J. Corbi has been practicing in the areas of distressed investing, corporate transactions, restructuring, litigation, and bankruptcy advice for over twelve years. His work at top tier firms such as Proskauer Rose LLP and Lowenstein Sandler LLP and clerkships in the District Court for the Southern District of New York and the Bankruptcy Court for the Eastern District of New York, has given him the depth and breadth of experience to tailor his work to the business goals of each client at a flexible fee structure that makes sense.
Richard is committed to maximizing both client service and efficiency. He works closely with clients in all aspects of corporate restructuring, bankruptcy and insolvency proceedings in both domestic and cross-border insolvencies, helping them navigate the complexities of debt restructurings in a strategic and cost-effective way.
Richard regularly represents distressed companies, official creditors’ committees, and ad hoc creditor groups in a variety of insolvency scenarios across industries such as printing, sports & entertainment, food and beverage, retail, chemical, healthcare, telecommunications, shipping, oil & gas, and the auto industry.
Richard works with hedge funds, private equity firms and lenders to structure and negotiate financing in chapter 11 debtor-in-possession loans, right offerings, sales and acquisitions of companies, and purchases sales of investments, relying on his ability to develop solutions that achieve both the business and financial goals of his clients.
Richard’s prior experience as a law clerk in the Title III proceedings of the Commonwealth of Puerto Rico enables him to provide insight to clients facing municipal and sovereign debt situations.
In addition, Richard utilizes a vast network of connections and deep relationships within the legal community that enables him to bring sophisticated resources to handle complex issues that often arise, such as pension or tax issues. This tailored system ensures that clients receive the highest quality legal advice on a broad range of issues, while maximizing cost efficiency.
Richard completed the American Bankruptcy Institute/St. John’s University School of Law Bankruptcy Mediation Training Program in 2018. Richard is a registered mediator in the Bankruptcy Court for the Southern District of New York and the Bankruptcy Court for the District of Delaware.
1501 Broadway, 12th Floor,
New York NY 10036
(O) : (646) 571-2033
(M) : (516) 582-0649
Confidential: currently representing large produce supplier to New York City restaurants in connection with its out-of-court wind down as a result of the COVID-19 pandemic.
In re Pyxus International, et al., Case No. 20-11570 (Bankr. D. Del.). Lead counsel to Official Committee of Equity Security Holders in connection with the contested confirmation trial of the Debtors’ pre-arranged chapter 11 plan of reorganization of a $1 billion tobacco company whose largest customers include Philip Morris International. In re P8H, Inc. d/b/a Paddle 8, Case No. 20-10809 (Bankr. S.D.N.Y.). Lead counsel to the Official Committee of Unsecured Creditors to one of the leading online art auction houses whose clients include, Jay-Z. In re Occasion Brands, LLC, Case No. 20-11684 (Bankr. S.D.N.Y.). Represented one of the largest creditors to the Debtors whose business consist of weddings, proms and other special event occasions. In re Pier 1 Imports, Inc., Case No. 20-30805 (Bankr. E.D. Va.). Co-counsel to a publicly traded commercial landlord in connection with the Pier 1 bankruptcy proceedings. In re Purdue Pharma L.P. et al., Case No. 19-23649 (Bankr. S.D.N.Y.). Counsel to various creditors.
In re Benbow Valley Investments dba Benbow Historic Inn, Case No. 19-10720 (Bankr. N.D. Ca.). DIP/Exit lender in connection with the restructuring of debt to a historic boutique inn & resort in northern California. In re Verity Health System of California, Inc., et al., Case No. 18-20151 (Bankr. C.D. Cal.). Represented stalking bidder in connection with the Debtors’ off shore captive insurance assets.
Confidential: Serve as outside counsel to various investment firms in connection with distressed investments, debt purchases and financing.
In re LeClair Ryan LLP, Case No. 19-34574 (Bankr. E.D. Va.). Selected to mediation panel in connection with Chapter 7 trustee’s winddown of a former Am Law 200 law firm.
In re Sears Holdings Corporation, et al., Case No. 18-23538 (Bankr. S.D.N.Y.). Represented the court-appointed expert in connection with the $5.2 billion post-purchase price litigation between the Debtors and the purchaser, Transform Holdco, LLC (a subsidiary of ESL Investments), of the Debtors. In re Absolut Facilities Management, LLC, et al., Case No. 19-76260 (Bankr. E.D.N.Y.). Successfully represented the Chief Restructuring Officer (“CRO”) of the chapter 11 debtorsin connection with objections prosecuted by the creditors’ committee with regards to the CRO’s retention and compensation. Confidential: Counsel to New York City wine and distributor in connection with the negotiation of its corporate lease. Confidential: Counsel to a New York City physical therapy company in connection with the general corporate matters such as employment issues and lease negotiations. Confidential: Counsel to a B2B in connection with contract negotiations with various hotels such as Hilton and Marriott.