Would-Be Dolan Owner Denies Forcing It Into Ch. 11
By Matt Chiappardi
Law360, Wilmington (May 2, 2014, 7:16 PM EDT) -- The H.I.G. Capital LLC affiliate poised to become bankrupt Dolan Co.’s majority owner though a debt-for-equity swap on Friday denied accusations that its $150 million in prepetition secured claims should be rejected over what shareholders called “predatory behavior” that allegedly forced the debtor into Chapter 11.
At an emergency hearing in Delaware bankruptcy court Friday, Bayside Capital Inc. attorney Sean E. O'Donnell of Akin Gump Strauss Hauer & Feld LLP pushed back against an objection to his client's secured claims against the business information firm and...