No Quick Win For Centerview Over $10M NPG Claim

Law360, New York (April 18, 2011, 2:19 PM EDT) -- A Delaware bankruptcy judge on Friday refused Centerview Partners LLC’s bid for a declaration that reorganized skin care company Natural Products Group LLC never terminated a marketing agreement that allegedly entitles Centerview to $10 million.

Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the District of Delaware balked at Centerview’s claim that a contract NPG entered in July 2008 in order to find a strategic buyer remains valid and enforceable, despite the fact that NPG ended up pursuing a prepackaged restructuring.

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