Ritchie Risk-Linked Strategies, L.L.C., an investment company headquartered in Newark, Delaware, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-11555). The Petition estimates Ritchie Risk’s assets and liabilities to both be between $10 – $50 million. According to the Board Resolutions attached to the Petition, Ritchie Risk anticipates seeking approval of debtor-in-possession financing to be provided by Ritchie Multi-Strategy Global, LLC, which also owns 95.49% of the equity in Ritchie Risk. No claims agent has been proposed. The case has been assigned to the Honorable Kevin J. Carey.
Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.