Barney’s and Brooks Brothers: Bankruptcy Lawyer Rick Chesley on dealing with high- visibility restructuring cases

This week on The Intersection, Mike and Sallie sit down with Rick Chesley, global managing partner of DLA Piper and Co. His focus is in bankruptcy and corporate restructuring, working on the sale and acquisition of various distressed businesses, such as Brooks Brothers, Nine West, and Aeropostale. Rick discusses how he educates journalists about the complexities of restructuring cases and the importance of making sure the messaging is clear, especially when thousands of jobs in a community are at stake. Is he tempted to correct misinformation being spread on social media? He says he typically advises clients to stay clear of the online conversations and focus instead on reinforcing consistent messaging through more conventional channels. “The rest of this will take care of itself,” he says. He talks about how his experience working as an investment banker shaped his perception of bankruptcy litigation.About Sitrick and CompanySitrick and Company is a Los Angeles-based public relations firm founded by Michael Sitrick specializing in corporate, financial, and crisis communications. Known for its expertise in high-stakes situations, the firm has handled reputation management, litigation support, and media strategy for high-profile clients. It operates offices in New York City and Washington, DC, and is recognized as a leader in strategic communications and crisis management.Produced by Hangar Studios Hosted on Acast. See acast.com/privacy for more information.