Rotech Investors Say Judge Erred By Nixing Financial Expert

Law360, Wilmington (July 01, 2013, 11:22 PM ET) -- Rotech Healthcare Inc.'s equity committee urged a Delaware bankruptcy judge Monday to revisit his rejection of a move to hire Berenson & Co. LLC to conduct a valuation of the debtor, saying the court misunderstood the agreement and failed to consider key evidence.

Long at loggerheads with Rotech over the debtors' contention that shareholders are out of the money by at least $120 million, the equity committee lost its bid to bring in its own financial expert Friday when U.S. Bankruptcy Judge Peter J. Walsh ruled from...
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