Bar Admissions

  • Maryland
  • New York

Education

  • J.D., Columbia University School of Law, 1973
  • A.B., magna cum laude, Princeton University, 1970

Judicial Clerkships

  • Honorable Roszel C. Thomsen, U.S. District Court for the District of Maryland, 1973 - 1974

Memberships

  • American Bar Association

    American College of Bankruptcy

    Bar Association of Baltimore City

    Maryland State Bar Association

    American Bankruptcy Institute

    Association of the Bar of the City of New York
T +1 410.244.7505
F +1 410.244.7742
 

Richard L. Wasserman

Partner

Richard Wasserman is the senior partner in Venable's bankruptcy and creditors' rights group. He is a Fellow in the American College of Bankruptcy and focuses his practice in matters involving bankruptcy and bankruptcy-related litigation, creditors' rights, secured transactions, workouts, reorganizations and restructurings. Mr. Wasserman has been recognized in The Best Lawyers in America, Who's Who in America, Who's Who in American Law and The International Who's Who of Insolvency & Restructuring Lawyers.

Mr. Wasserman has extensive experience representing clients in major business, commercial and real estate bankruptcy, workout and reorganization matters and has also served as a Chapter 7 and Chapter 11 Bankruptcy Trustee, as a court-appointed Examiner and as a mediator in bankruptcy adversary proceedings and claims resolution proceedings. Mr. Wasserman is a member of ADR Maryland and is available to mediate complex bankruptcy, business and commercial dispute matters. Mr. Wasserman is a frequent lecturer on bankruptcy and workout-related topics.

A wealth of experience with different types of businesses enables Mr. Wasserman to offer clients impressive knowledge together with proven successful performance. Mr. Wasserman's work includes the full range of bankruptcy and workout representation of creditors (secured and unsecured), creditors' committees, trustees, Chapter 11 debtors-in-possession, troubled companies, and prospective purchasers of assets from companies in bankruptcy. Recent cases include Mr. Wasserman's role as counsel to the stalking horse purchaser and successful acquiring party in a contested 363 sale of First Mariner Bank in the bank holding company’s Chapter 11 case, his service as a Chapter 11 trustee in eighteen real estate-related cases in the U.S. Bankruptcy Court for the Southern District of New York (In re New 118th LLC, et al.), his role representing the Enron bankruptcy estate as special litigation counsel and representing creditors' committees in cases in the Eastern District of Virginia (In re Workflow Management, Inc.) and the Northern District of Texas (In re DLH Master Land Holding, LLC), and his service as a mediator in various Circuit City preference avoidance actions and disputed claims resolution matters. In addition to extensive experience in high profile bankruptcy litigation matters, Mr. Wasserman has experience with real estate, financial products and services, health care, hospitality, retail, marketing, distribution, telemarketing, government contracts and technology companies in bankruptcy and workouts. Mr. Wasserman also provides experience advising corporate boards on significant reorganization and restructuring alternatives and working together with corporate management and other outside advisors including investment bankers, accountants, and public relations consultants.

Mr. Wasserman has been involved in numerous reported court decisions including:

  • In re New 118th, Inc., 398 B.R. 791 (Bankr. S.D.N.Y. 2009)
  • In re Enron Corp. (Enron Corp. v. J.P. Morgan Securities Inc.), 325 B.R. 671 (Bankr. S.D.N.Y. 2005)
  • In re Enron Corp. (Enron Corp. v. Credit Suisse First Boston International), 328 B.R. 58 (Bankr. S.D.N.Y. 2005)
  • In re Criimi Mae Inc., 251 B.R. 796 (Bankr. D. Md. 2000)
  • Culver v. Musika (In re Arnold), 305 B.R. 436 (D. Md. 2003), aff'd, 84 Fed. Appx. 294 (4th Cir. 2003)
  • Wasserman v. Village Associates (In re Freestate Management Services, Inc.), 153 B.R. 972 (Bankr. D. Md. 1993)
  • In re Arundel Housing Components, Inc., 126 B.R. 216 (Bankr. D. Md. 1991)
  • In re Constant Care Community Health Center, Inc., 99 B.R. 697 (Bankr. D. Md. 1989)

Activities

Mr. Wasserman's memberships and activities include:
  • Fellow, American College of Bankruptcy, 1998-present, Fourth Circuit Regent, 2014 - present
  • Bankruptcy Bar Association for the District of Maryland, former Director, President, 1990 - 1991
  • Vice Chair, American Bar Association, Business Law Section, Bankruptcy Court Structure and Insolvency Process Committee, 2014 - present
  • Committee Member, American Bar Association, Business Law Section, Bankruptcy Court Structure and Insolvency Process Committee (previously, Task Force on Federal Court Structure), 1990 - present
  • Chair, ABA Electronic Discovery (ESI) in Bankruptcy Working Group (now Subcommittee), 2011 - present
  • Member, ADR Maryland, 2015 - present
  • Chairman, Banking, Bankruptcy and Business Subcommittee, Bar Association of Baltimore City, 1987 - 1988
  • Section Council Member, Business Law Section, Maryland State Bar Association, 1989 - 1992
  • Member, Special Joint Committee on Lawyers’ Opinions in Commercial Transactions; Bar Association of Baltimore City and Maryland State Bar Association
  • Service as Chapter 7 and Chapter 11 Bankruptcy Trustee, U.S. Bankruptcy Court for the District of Maryland, U.S. Bankruptcy Court for the Southern District of New York
  • Service as Court Appointed Examiner, U.S. Bankruptcy Court for the Eastern District of Virginia
  • The Legal Aid Bureau, Inc., Director, 2004-present; Treasurer, 2012 - present
  • Princeton Alumni Association of Maryland, Director, 1980-1998; President, 1985 - 1987