Bankrupt Rotech Protests Equity Committee's Bifferato Hire

Law360, New York (June 05, 2013, 2:12 PM ET) -- Bankrupt Rotech Healthcare Inc. on Tuesday objected to its official equity committee's proposal to retain Bifferato LLC as Delaware counsel, saying the proposal should be contingent on the committee's ability to prove the company is solvent.

The company told a Delaware bankruptcy court that the proposal to retain Bifferato isn't reasonable because, although the equity committee has insisted that Rotech is worth at least $143 million and possibly $273 million in excess of their liabilities, that estimated value is in doubt.

"Here, the proposed terms are...
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Case Title

Rotech Healthcare Inc.


Case Number

1:13-bk-10741

Court

Delaware

Nature of Suit

Date Filed

April 8, 2013

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Companies