Imperial Capital Creditors Object To Hiring Of KPMG

Law360, New York (November 9, 2010, 3:24 PM EST) -- Imperial Capital Bancorp Inc.'s official committee of unsecured creditors has asked a bankruptcy court to block the debtor's efforts to hire KMPG Corporate Finance LLC to help the company sell off its net operating losses and execute a tax-driven plan of reorganization.

The committee filed an objection to the debtor's retention of KMPG in the U.S. Bankruptcy Court for the Southern District of California, claiming that the move will only drag out the bank holding company's bankruptcy and that the possibility of finding a buyer who...
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