Global Power Trustee Fights Bid To Hire 2nd Agent

Law360, New York (October 3, 2007, 12:00 AM EDT) -- The U.S. Trustee overseeing Global Power Equipment Group Inc.’s bankruptcy case lashed out at the power-plant equipment manufacturer’s bid to retain Financial Balloting Group LLC as its balloting and solicitation agent, claiming that the company has not justified the need for such a move.

In court documents filed on Tuesday in the U.S. Bankruptcy Court for the District of Delaware, U.S. Trustee Kelly Beaudin Stapleton said that the debtor’s request for the authority to employ and retain FBG as its solicitation, balloting, tabulation and subscription agent...
To view the full article, register now.