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Education

  • J.D., Wake Forest University School of Law
  • B.A., State University of New York at Geneseo

Bar Admissions

  • New York

Court Admissions

  • U.S. District Court, Northern, Southern, Eastern and Western Districts of New York

Memberships & Affiliations

American Bankruptcy Institute

Monroe County Bar Association

New York State Bar Association

Turnaround Management Association, Upstate New York Chapter: Member; Past President

Gregory J. Mascitti

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Partner
  • T: 212.609.6810
    F: 212.935.1304
    • Worldwide Plaza
      825 Eighth Ave., 31st Fl.
      New York, NY 10019

Gregory J. Mascitti helps clients create and execute financial and operational plans to achieve strategic goals, including the restructuring of ongoing businesses, maximizing the value of collateral in secured credit facilities, and navigating issues arising from doing business with financially distressed customers or suppliers. He has significant experience guiding clients through out-of-court workouts, bankruptcy proceedings, and other distressed business transactions throughout the country.

Greg has advised clients in a wide range of industries, including banking and finance,  media, aviation, technology, commodities and healthcare, as well as a professional sports team and sports arena in the National Hockey League.   

Greg has conducted various evidentiary hearings and has argued before bankruptcy courts throughout the United States. He regularly represents parties in business contract disputes and other commercial litigation in state and federal court. He has also represented trustees and committees of general unsecured creditors and equity security holders in chapter 11 bankruptcy proceedings.

Greg brings invaluable business experience to his restructuring practice based upon his prior role as the director of legal affairs for ADEMCO Distribution, Inc., where he negotiated supply contracts and commercial property leases and advised in-house clients on key business and legal issues. He continues to advise business executives and in-house counsel on matters involving business strategy, the negotiation and drafting of key contracts, and doing business with financially distressed customers and suppliers.  

Greg was one of only 354 attorneys nationwide named as a BTI Client Service All-Star for his superior client services, which is determined solely by corporate counsel. He is listed in The Best Lawyers in America in the fields of Bankruptcy and Creditor-Debtor Rights/Insolvency and Reorganization Law and has been named an Upstate New York Super Lawyer for Bankruptcy. No aspect of these advertisements have been approved by the Supreme Court of New Jersey. See Awards Methodology.

Representative Matters

Bankruptcy—Official Committees
In re Allied Nevada Gold Corp. (United States Bankruptcy Court for the District of Delaware), representation of official committee of equity security holders in chapter 11 bankruptcy of a US-based gold mining and exploration company with one of the largest gold and silver deposits in the state of Nevada. Successfully negotiated a plan resulting in previous equity shareholders of the debtor receiving warrants with a seven-year term representing 17.5% of the outstanding new common shares of the reorganized debtor.
In re Cornerstone Homes, Inc. (United States Bankruptcy Court for the Western District of New York), representation of official committee of unsecured creditors. Successfully obtained the appointment of a chapter 11 trustee in a case alleging the existence of a multimillion-dollar Ponzi scheme.
In re Empire Beef (United States Bankruptcy Court for the Western District of New York), representation of multiple 503(b)(9) administrative claimants resulting in the first official committee of 503(b)(9) administrative claim holders.