Phillips Nizer has appointed partner Jared Clark as chair of the firm’s litigation practice group.

Jared is a commercial litigator in our Litigation Department. His practice focuses on creditors’ rights, director and officer liability, trade secrets, and complex contractual disputes.

"Although the cash sale does include the assumption of certain liabilities, it specifically excludes--and remains "free and clear" of--any liabilities resultant from sexual harassment claims against the Company. Jared R. Clark, a partner in Phillips Nizer's Bankruptcy & Restructuring and Litigation Practices, emphasizes, 'It's difficult to estimate potential recoveries for abuse claimants at this stage. Recoveries will depend of course on the total value eventually received from the sale of company assets, plus other potentially available recovery sources (for example, a victims fund and/or insurance coverage), as well as the total volume of abuse claims asserted.'"