Representative Case
Seattle City Employees’ Retirement System
Practice areas: Creditor Representations, Corporate Restructuring
Attorneys: J. Robert Forshey, Jeff Prostok
Case Overview
Represented the defined benefit plan, advising SCERS of its rights as a secured creditor in connection with intellectual property owned by Platinum Intellectual Property, which filed bankruptcy in February 2009. Securing a default judgment, SCERS foreclosed on and sold the intellectual property, ensuring that patent rights were preserved to maximize the return to the plan’s participants.
