We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Toys R Us Creditors, US Trustee Slam Bid For More Advisers

Law360, New York (January 19, 2018, 9:08 PM EST) -- Toys R Us’ unsecured creditors and the U.S. trustee’s office have asked a Virginia bankruptcy court to deny requests to hire new financial advisers for the debtors, arguing they are unnecessary, conflicted and released from too much liability.

The trustee’s pair of objections filed Friday said the request to hire Centerview Partners as a financial adviser for one of the debtor entities included unacceptable liability releases, and that DJM Realty Services’ ownership of Toys R Us stock disqualified it as a real estate consultant. The unsecured...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.