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Tuesday, March 15, 2016 10:22:37 AM
NEW YORK--(BUSINESS WIRE)--Trinity Place Holdings Inc. (NYSE:TPHS) (“Trinity”) announced today that it has amicably resolved all disputes with Marcy Syms, former CEO and former Chair of the Board of Directors of Syms Corp., including Ms. Syms’ claims for severance and pre-petition wages filed in Syms Corp.’s Chapter 11 Case.
Trinity also announced that, in connection with court approval of the settlement with Ms. Syms, reorganized Syms Corp., now known as Trinity, and Filene’s Basement, LLC, will achieve a General Unsecured Claim Satisfaction under the Plan, culminating a successful reorganization of their assets and liabilities from the bankruptcy cases filed in 2011.
http://www.businesswire.com/news/home/20160315006043/en/Reorganized-Syms-Corp.-Filene%E2%80%99s-Basement-LLC-Amicably
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent TPHS News
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