Equity Holders Balk At 3rd Firm For Meruelo Maddux

Law360, New York (October 26, 2010, 1:15 PM EDT) -- Equity holders in Meruelo Maddux Properties Inc.'s bankruptcy have objected to the bankrupt real estate developer's retaining a third law firm, Stutman Treister & Glatt PC.

Meruelo Maddux already has two firms handling its case, Stutman Treister's rates are higher than current counsel's and Stutman Treister represents one of the debtor's largest unsecured creditors, the official equity holders committee argued in a response filed by Georgiana G. Rodiger of The Rodiger Law Office in the U.S. Bankruptcy Court for the Central District of California on Monday....
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