Partner Erika Morabito is quoted in a Wall Street Journal
article, “GST AutoLeather Wins Court Approval of Bankruptcy Sale Process,” about an agreement between the company’s lenders and unsecured creditors on financing, fees and a process to sell the bankrupt upholstery maker’s business.
Morabito, counsel to the company’s official committee of unsecured creditors, said during a bankruptcy hearing that the lenders were holding the process “hostage” and called “insulting” a court filing by Royal Bank of Canada, part of a group of lenders, that said the unsecured creditors “should be cheering” the financing, “not objecting” to it. Click here
to read the full article (subscription required).