Syms Creditors, Equity Holders Rip Adviser Hirings

Law360, New York (January 11, 2012, 6:43 PM EST) -- Creditors and equity holders of Syms Corp. subsidiary Filene's Basement LLC on Tuesday objected to planned payments to two investment banks and two law firms, including Skadden Arps Slate Meagher & Flom LLP, calling them unnecessary given the company's stated goal of liquidation.

In two objections filed in Delaware bankruptcy court, the committees for unsecured creditors and equity holders say there is no need to pay the $250,000 in monthly fees proposed for financial adviser Rothschild Inc. and real estate consultants Cushman & Wakefield Securities Inc....
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