Smurfit Fights $222.6M Green Hunt Wind-Up Claim

Law360, New York (July 28, 2010, 11:30 AM EDT) -- Newly solvent Smurfit-Stone Container Corp. has launched a challenge to a bid by Canadian insolvency consulting firm Green Hunt Wedlake Inc. to recover a $222.6 million wind-up claim, saying it is barred by terms of an indenture agreement and duplicates a guarantee claim asserted by noteholders.

In a filing Tuesday in the U.S. Bankruptcy Court for the District of Delaware, Smurfit-Stone said that even if the court gives Green Hunt the stamp of approval to pursue the claim, the allowed amount should be “significantly less” than...
To view the full article, register now.