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.
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