Revstone Creditors Say Ch. 11 Acrimony Warrants Trustee

Law360, Wilmington (November 21, 2013, 5:05 PM ET) -- The official committee of unsecured creditors in the contentious Revstone Industries LLC bankruptcy requested Wednesday that a Chapter 11 trustee be appointed to oversee the case, citing nearly a year of unrelenting acrimony that has bogged down the proceedings since shortly after the auto parts conglomerate sought court protection.

In a motion before the Delaware bankruptcy court, the committee chronicled the history of the case, in which nearly every significant step has been fraught with some sort of battle or dispute.

As the case stands now,...
To view the full article, register now.