Ampal-American Trustee Objects To Brown Rudnick's Terms

Law360, New York (November 19, 2012, 2:06 PM EST) -- The U.S. trustee in energy holding company Ampal-American Israel Corp.’s bankruptcy on Friday objected to a move by the official committee of the unsecured creditors to name Brown Rudnick LLP as its counsel, saying provisions requested by the firm aren’t reasonable terms of employment.

The three indenture trustees that make up the entire membership of the committee have surrendered to Brown Rudnick several entitlements to compensation under the relevant indentures, or deeds of trust, according to the U.S. trustee's objection filed in New York bankruptcy court....
To view the full article, register now.




Case Information

Case Title

Ampal - American Israel Corporation

Case Number



New York Southern

Nature of Suit

Date Filed

August 29, 2012

Law Firms


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.