NEW YORK--(EON: Enhanced Online News)--Robins Kaplan LLP® announced today that it has been appointed litigation co-counsel to the Chapter 7 Trustee for ITT Educational Services, Inc. and its affiliated debtors. The firm has been retained in connection with the investigation and prosecution of ITT claims against ITT’s former directors and officers (D&O claims).
“Robins Kaplan and its attorneys have demonstrated knowledge in investigating and asserting estate causes of action in the for-profit education sector as demonstrated by the four Corinthian representations”
The Trustee selected Robins Kaplan based on the firm’s successful record in high-stakes trial practice and in major bankruptcy matters. Robins Kaplan currently serves as counsel to the Corinthian Distribution Trust, established for the benefit of the stakeholders in the bankruptcy cases of Corinthian Colleges, Inc., the largest for-profit post-secondary education provider to file for Chapter 11 reorganization. Robins Kaplan also represented the Official Student’s Committee and the Official Corinthian Student Creditors Trust while H. Jeffrey Schwartz, co-chair of Robins Kaplan’s Restructuring and Business Bankruptcy Group, served as lead counsel to the Official Committee of Unsecured Creditors of Corinthian Colleges.
“Robins Kaplan and its attorneys have demonstrated knowledge in investigating and asserting estate causes of action in the for-profit education sector as demonstrated by the four Corinthian representations,” said Schwartz. “ITT was one of the country’s largest for-profit education companies holding a total enterprise value of approximately $5 billion at its peak during the close of the third quarter of 2007. We look forward to working with the Trustee to efficiently and aggressively pursue all D&O claims in an effort to recover stakeholder value.”
H. Jeffrey Schwartz, as well as Robins Kaplan partners Ronald J. Schutz, chair of the National IP and Technology Litigation Group, managing partner of the New York office, and member of the firm’s Executive Board; Michael A. Collyard, founder and chair of the firm’s E-Discovery Group; and Richard B. Allyn will lead the engagement with ITT.
Robins Kaplan’s Restructuring and Business Bankruptcy Group is a national leader in representing debtors and creditors’ committees, as well as other constituents, including investors, lenders, and indenture trustees, in corporate restructuring and business bankruptcy cases.
ITT’s bankruptcy case is pending in the United States Bankruptcy Court for the Southern District of Indiana (Case No. 16-07207-JMC-7A).
About Robins Kaplan LLP®
Robins Kaplan is among the nation’s premier trial law firms, with more than 220 lawyers located in Bismarck, N.D.; Boston; Los Angeles; Minneapolis; Naples, Fla; New York; Silicon Valley; and Sioux Falls, S.D. The firm litigates, mediates, and arbitrates high-stakes, complex disputes, repeatedly earning national recognition. Firm clients include—as both plaintiffs and defendants—numerous Fortune 500 corporations, emerging-markets companies, entrepreneurs, and individuals.