Nick Schorsch, AR Capital Will Face Trial in RCS Capital Case

Commercial real estate mogul Nick Schorsch and his AR Capital LLC lost their bid to avoid an upcoming trial of creditor claims over the business failure of an affiliate, when a Delaware Chancery Court judge threw out just one of the lawsuit’s three fiduciary breach counts.

A “trial looms in the immediate future,” and the “core claim” would “benefit from the creation of a trial record,” Vice Chancellor Sam Glasscock III wrote Thursday.

He granted partial summary judgment against a trust representing creditors of the bankrupt RCS Capital Corp., formerly one of the country’s largest sponsors of real estate investment ...