Fred Stevens

Partner

Mr. Stevens is a commercial restructuring lawyer whose practice focuses on the representation of trustees, creditors’ committees, debtors and creditors in complex bankruptcy cases, debt restructurings and related litigation.

Mr. Stevens employs a practical, results-oriented approach that helps his clients maximize value on their investments, and finds money in the tough cases.  Fred also routinely serves as a bankruptcy trustee in chapter 7 and chapter 11 cases.

Education:

St. John’s University School of Law – JD
St. John’s University – BS Finance

Bar and Court Admissions:

State of New York
State of Massachusetts
U.S. District Courts for Southern and Eastern Districts of New York
U.S. Court of Appeals for the Second Circuit
U.S. Tax Court

Professional Affiliations/Memberships:

Steering Committee for the New York City Bankruptcy Assistance Project
Chapter 11 Lawyers’ Advisory Committee for the United States Bankruptcy Court for the Eastern District of New York
American Bankruptcy Institute
National Association of Bankruptcy Trustees

Significant Fiduciary Roles:

  • Served as Chapter 11 Trustee of EMC Hotels and Resorts LLC (The Time Nyack Hotel)
  • Serving as Chapter 11 Trustee of La Cremaillere Restaurant Corp. and Meyzen Realty
  • Serving as Liquidating Trustee of Malibu Lighting Creditors’ Liquidating Trust
  • Serving as Plan Administrator of Auburn Armature
  • Served as Committee Designee and Note Holder in Atari Inc.

Significant Representations:

  • Chapter 7 Trustee of Fyre Festival LLC, the failed music festival created by Billy McFarland and Ja Rule.
  • Official Committee of Unsecured Creditors and Post-Confirmation Trustee for FKF 3, LLC, a $60 million real estate investment fund. Obtained over $50 million in judgments after a five-week jury trial on fiduciary duty and fraudulent transfer claims in 2018.
  • Debtor in the Chapter 11 construction case of Advanced Contracting Solutions LLC. Obtained authority to sell the assets of the company over objections of multiple labor unions and employee benefit funds (decision reported at 582 B.R. 285 (Bankr. S.D.N.Y. 2018).
  • Debtors in the Chapter 11 cases of Hypnotic Taxi, LLC and related debtor-owners of New York City Tax Medallions, owned by Evgeny Freidman.
  • Debtor in the Chapter 11 case of Hospital Audiences Inc., a storied New York City arts charity.
  • Chapter 7 Trustee in Revolate Holdings, an advertising firm and investment vehicle, in connection with a multimillion-dollar settlement of director and officer liability claims.
  • Official Committee of Unsecured Creditors for Spectrum Healthcare LLC, Sonix Medical Resources, Inc., Word World LLC, Cavalry Construction, Inc., OMC, Inc., Lehr Construction and Cool Sheetmetal Inc.
  • Numerous defendants of avoidance recovery actions in MF Global bankruptcy cases
  • Petitioning Creditors in involuntary cases of Jacoby & Meyers – Bankruptcy, LLP and Macey Bankruptcy Law P.C.
  • Estate of Hilly Kristal as a secured lender in the CBGB Holdings, LLC bankruptcy case

News:

  • Fyre Fest Bankruptcy Trustee Issues Subpoenas for Hulu, Netflix, Stubhub & Billy McFarland’s Mom, Billboard (Apr. 17, 2019)
  • Bradley Industrial Park For Sale In Bankruptcy Settlement, Rockland Cty. Bus. Journal (Feb. 19, 2019)
  • Clock is Ticking On The Time Hotel’s Fate, Rockland Cty. Bus. Journal (Feb. 4, 2019)
  • Fyre Fest Trustee Seeks to Widen Probe Into 3rd Parties, Law 360 (Jan. 10, 2019)
  • Fyre Fest Trustee Seeking Wide Probe Into Ja Rule, Others, Law 360 (Nov. 16, 2017)
  • Coming Back From Bankruptcy: How We Fixed Healing Arts Initiative, New York Nonprofit Media (June 5, 2017)
  • Famous Famiglia Pizza Mogul Files For Bankruptcy After Failed Venture, New York Post (Jan. 26, 2015)
  • Jacoby & Meyers Bankruptcy liquidation stays alive – U.S. judge, Reuters (May 28, 2014)
  • Judge Wants Chapter 7 for Jacoby & Meyers Bankruptcy, WSJ Blogs (May 28, 2014)
  • Firm Challenged Venue of Bankruptcy Petition, New York Law Journal (April 16, 2014)
  • Trouble at Jacoby & Meyers Bankruptcy LLP Raises Concerns at Other Jacoby Firms, New York Law Journal (March 26, 2014)
  • Creditors Hoping to Force Jacoby & Meyers Into Bankruptcy, Law 360 (March 18, 2014)
  • No Tuition Refund For Staten Island Couple: Judge Rules Parents Benefit From Kids’ Parochial School Education, Staten Island Advance (December 13, 2013)
  • Bankruptcy Trustee Targets Catholic Schools, New York Post (October 13, 2013)
  • Troubles Mount for N.J. Assemblyman, The Star-Ledger (August 8, 2012)
  • Mid-Hudson Firms Victimized in Bankruptcy Case, Times Herald-Record (July 30, 2012)
  • Kristal Estate Open to Selling CBGB Name, The Wall Street Journal (October 14, 2010)