Revstone Creditors Want Pachulski Stang Off Unit's Case

Law360, Wilmington (September 03, 2013, 10:20 PM ET) -- The creditors committee and a major creditor in the Revstone Industries LLC Chapter 11 case Friday challenged the hiring of Pachulski Stang Ziehl & Jones LLP as counsel to a bankrupt Revstone subsidiary, arguing that the law firm wasn't properly retained under the company's corporate rules.

Revstone's official committee of unsecured creditors and secured creditor Boston Finance Group LLC asserted that bankrupt Metavation Inc.'s retention of the law firm was a so-called ultra vires act, an action beyond the company's power.

The creditors argued that the...
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