Richard has acted as counsel on significant restructuring litigation, including in connection with the bankruptcies filed by Lehman Brothers, Pacific Gas & Electric, MBIA, Tops Supermarkets, Ditech Financial, Aeropostale, and A&P, among many others. Richard’s representation of Lehman in connection with its portfolio of more than one million derivative transactions with approximately 6,500 counterparties encompassed ground-breaking and novel derivatives issues, including decisions involving Metavante Corporation, and Ballyrock CDO. Richard also has extensive experience litigating breach of fiduciary duty and corporate governance matters, including successfully recovering hundreds of millions of dollars in damages on behalf of bondholders arising out of the bankruptcy of At Home Corporation.
Richard also has expertise in counseling and litigating matters related to “busted corporate transactions” where one party attempts to terminate an agreement or transaction based on “material adverse change,” lack of “best efforts” or similar clauses in contracts. He has counseled or litigated these matters on behalf of such clients as HM Capital Partners, Providence Equity, Boston Properties and General Electric
Richard graduated with honors from the University of Michigan. He received a J.D. degree from Washington University, where he served on the Washington University Law Quarterly.