Smurfit Fights $222.6M Green Hunt Wind-Up Claim

Law360, New York (July 28, 2010, 11:30 AM EDT) -- Newly solvent Smurfit-Stone Container Corp. has launched a challenge to a bid by Canadian insolvency consulting firm Green Hunt Wedlake Inc. to recover a $222.6 million wind-up claim, saying it is barred by terms of an indenture agreement and duplicates a guarantee claim asserted by noteholders.

In a filing Tuesday in the U.S. Bankruptcy Court for the District of Delaware, Smurfit-Stone said that even if the court gives Green Hunt the stamp of approval to pursue the claim, the allowed amount should be “significantly less” than...
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