Rotech Equity Holders Lose Bid To Hire Valuation Firm

Law360, Wilmington (June 28, 2013, 3:23 PM ET) -- A Delaware bankruptcy judge on Friday rejected a bid by the equity committee in Rotech Healthcare Inc.'s Chapter 11 case to hire Berenson & Co. LLC to conduct a valuation of the company, telling attorneys for the equity holders that they didn't follow his directions.

U.S. Bankruptcy Judge Peter J. Walsh said from the bench that he directed the committee to find a financial expert to do an independent evaluation of Rotech's worth, as the equity holders — believed by Rotech to be $120 million out...
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