Reorganized Syms Corp. and Filene’s Basement, LLC Amicably Resolve Claims Disputes with Marcy Syms, Former CEO of Syms Corp.

NEW YORK--()--Trinity Place Holdings Inc. (NYSE:TPHS) (“Trinity”) announced today that it has amicably resolved all disputes with Marcy Syms, former CEO and former Chair of the Board of Directors of Syms Corp., including Ms. Syms’ claims for severance and pre-petition wages filed in Syms Corp.’s Chapter 11 Case.

Trinity also announced that, in connection with court approval of the settlement with Ms. Syms, reorganized Syms Corp., now known as Trinity, and Filene’s Basement, LLC, will achieve a General Unsecured Claim Satisfaction under the Plan, culminating a successful reorganization of their assets and liabilities from the bankruptcy cases filed in 2011.

Contacts

Trinity Place Holdings Inc.
Linda Flynn, 212-235-2191
Linda.Flynn@tphs.com

Contacts

Trinity Place Holdings Inc.
Linda Flynn, 212-235-2191
Linda.Flynn@tphs.com