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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.