Revstone Fights Ch. 11 Trustee Bid, Citing Leadership Shuffle

Law360, Wilmington (February 6, 2013, 9:00 PM EST) -- An attorney for Revstone Industries LLC told a Delaware bankruptcy judge Wednesday that the manufacturing conglomerate doesn't need a Chapter 11 trustee to take over its case, citing recent corporate governance changes at the company.

At a court hearing in Wilmington, Revstone attorney Laura Davis Jones of Pachulski Stang Ziehl & Jones LLP responded to a trustee motion filed Monday by the company’s unsecured creditors’ committee — which suspects Revstone’s founder and chairman may be using family trusts to shield assets from creditors — saying all...
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