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Considerations For Appointing Equity Committees In Ch. 11

Law360 (March 20, 2018, 2:06 PM EDT) -- Over the last several years, equity security holders have increasingly requested the appointment of official equity committees to represent their interests in bankruptcy cases. The increased frequency of these requests has been particularly noticeable in recent oil and gas bankruptcy cases, where equity security holders have used fluctuations in commodity prices to advocate for valuations greater than the debtor’s valuation in support of greater recoveries to equity security holders. This article examines the bases for appointment of an official equity committee and the standard that courts...
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