96 Wythe Acquisition LLC – U.S. Trustee Objection to Proposed Plan Release and Exculpation Provisions Add to Growing Challenges Faced by Operators of “Brooklyn-Centric” Williamsburg Hotel
January 19, 2022 – The U.S.Trustee assigned to the Debtor's case objected to the Debtor’s Second Amended Chapter 11 Plan of Reorganization arguing that the Plan's release and exculpation provisions are too broad, particularly given that the releases cover the increasingly infamous duo of Toby Moskovits (Heritage's founder and chief executive officer) and Yechiel Michael…