For years, ST&G has successfully represented trustees in large
and complex bankruptcy cases, working diligently and expertly to help
marshal assets, pursue avoiding powers and other litigation,
liquidate assets, and thus maximize recoveries for creditors. We've
applied that same level expertise to help trustees with smaller,
closely held businesses, which present their own unique
challenges. Members of ST&G also have acted as trustees, and
served as trustee
counsel, in securities broker/dealer liquidation cases under the
Security Investors Protection Act.
Whatever the nature of the representation, ST&G's reputation in high-profile cases across the country
attests to our high ethical standards and unequaled performance.
Case in point: WS
Clearing was a SIPC liquidation proceeding where ST&G represented
an
ST&G shareholder that had been appointed by the District Court as a
Trustee to
oversee the liquidation of an SEC-registered broker-dealer
("WSC"). Working in concert, the Trustee and ST&G acted
aggressively to protect the interests of the holders of WSC's more than
25,000
customer accounts, and pursued various claims against third parties,
including
former insiders of WSC. Ultimately, a fund of more than $210
million was generated to satisfy customer claims. As a result,
the claims of all customers
entitled to full Security Investors Protection Act coverage
were paid in full, and all other customer claims received distributions
of
approximately 98% of the net equity of their accounts.
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