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....
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