Milbank Tweed Disqualified From Meridian Case

Law360, New York (April 17, 2006, 12:00 AM EDT) -- In a setback for Milbank Tweed Hadley & McCloy, a federal bankruptcy judge has disqualified the law firm from its involvement in the Chapter 11 proceedings of automotive parts supplier Meridian Automotive Systems Inc.

Milbank Tweed had been hired to represent Meridian’s first-lien debt holders in the U.S. Bankruptcy Court for the District of Delaware, but Judge Mary F. Walrath sided with hedge fund Stanfield Capital Partners LLC to have the firm dismissed.

Stanfield Capital, Meridian’s second-lien holder, argued in February that Milbank should be terminated...
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