RCS Capital Corporation (OTC: RCAP), a full-service investment firm focused on individual retail investors, and eleven affiliated debtors have filed a chapter 11 petition before the United States Bankruptcy Court for the District of Delaware (lead case no. 16-10223).  The cases have been assigned to the Honorable Mary F. Walrath.  The debtors have filed a pre-packaged plan of reorganization and are seeking authority to assume a restructuring support agreement and to treat the plan as their disclosure statement.  They are also seeking approval of $100 million in debtor-in-possession financing.  The petitions (including the consolidated list of top 30 creditors) and the dockets for the cases are available through Prime Clerk.

Contact Norman L. Pernick, Nicholas J. Brannick, or David W. Giattino for more information.