Rotech Says Equity Committee Doomed By Its Own Report

Law360, Wilmington (August 14, 2013, 5:15 PM EDT) -- Bankrupt Rotech Healthcare Inc. late Tuesday asked for a summary judgment that the case's equity committee be dissolved, arguing that the committee's recent valuation report on the company's solvency make it a "legal impossibility" for the court to find it solvent. 

The results of the report ordered by the equity committee, and performed by Berenson & Co. LLC, indicate that Rotech's value is somewhere between $509 million and $801 million against $647.5 million in liabilities, according to Rotech's filing in the U.S. Bankruptcy Court for the...
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