Morabito Quoted in The Wall Street Journal about Court Approval of GST AutoLeather Bankruptcy Sale

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. 

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