Stephen B. Selbst, Partner

Stephen Selbst was quoted in NorthJersey.com, discussing Toys R Us’ potential comeback bankruptcy. The lenders of the brand have revealed that they intend to keep the brand names and intellectual properties of the business. Selbst explained, “it’s not unusual for lenders who feel they are not receiving high enough bids for their properties to retain them. It becomes an automatic question, can we do better than our own?” He further expressed how he doesn’t believe the asset lenders would be involved in the business much longer. “They're smart players in the distressed space… The idea would be: See what we can do in terms of creating value then dispose of the business and turn our claims into cash.”