Hahn & Hessen Selected as Counsel to Creditors' Committee in the Filene's Basement and Syms Corp. Bankruptcy

NEW YORK, Nov. 17, 2011 /PRNewswire/ -- Hahn & Hessen LLP has been retained to represent the Official Committee of Unsecured Creditors in the Chapter 11 cases of Filene's Basement, LLC and Syms Corp., filed in the Bankruptcy Court for the District of Delaware. Mark T. Power, Mark S. Indelicato and Janine M. Cerbone, partners in the Firm's bankruptcy group, are heading up the engagement.

Filene's Basement and Syms collectively own and operate forty-six "off-price" retail stores selling nationally recognized designer or brand-name labels for men, women and children situated throughout the Northeast, Middle Atlantic, Midwest, Southwest and Southeast regions of the United States. Members of the Creditors Committee include PVH Corp., Vornado Realty Trust, Rabina Properties, LLC, Saul Zabar, Stanley Zabar and 2220 Broadway, LLC c/o Lori-Zee Corp., and Rosenthal & Rosenthal, Inc.

Hahn & Hessen's engagement represents the most recent in a long line of high-profile bankruptcies in which the Firm has been retained as committee counsel. In the past few years, the Firm has been retained to represent the creditors' committee in the bankruptcy proceedings of, among others, retailers, Loehmann's and Crabtree & Evelyn; hotel owner/operator, Extended Stay/Homestead Hotels; mortgage lenders and servicers, C-BASS, New Century Financial and American Home Mortgage; and multifamily apartment properties owner/operator, PJ Finance Company.

Hahn & Hessen LLP │ Full Cycle of Credit

Founded in 1931, Hahn & Hessen LLP is among the nation's leading law firms focusing on representation of financial institutions and creditors in matters encompassing all phases of the commercial credit cycle, including documentation and workout, enforcement and litigation, and bankruptcy and reorganization, with related corporate, real estate, and securities and tax competencies. A core area of the Firm's practice is representing creditors' committees in Chapter 11 cases involving manufacturers, retailers, and financial service firms, among others. Members of the Firm are active in organizations such as the Securities Industry and Financial Markets Association, the Institute of International Bankers, the Turnaround Management Association, the Commercial Finance Association, the American Bankruptcy Institute and the American Bar Association. Visit us at www.hahnhessen.com.

SOURCE Hahn & Hessen LLP