Embassy Suites Group Shouldn't Get Ch. 11 CRO: Trustee
By Brian Mahoney
Law360, New York (June 5, 2013, 2:20 PM ET) -- The U.S. Trustee for a group of bankrupt Embassy Suites hotels operators asked a California bankruptcy court Tuesday to reject the companies’ application to appoint a chief restructuring officer, saying a CRO would have “unfettered discretion” and represents a clear conflict of interest.
Brian D. Fittipaldi, trial attorney for the U.S. Trustee of Nesbitt Portland Property LLC and associated companies, said the group’s application to appoint Odyssey Capital Group LLC’s Grant Lyon as CRO fails to state any provision of the bankruptcy code to justify the...