Brown Rudnick Stymied In Contempt Bid For Ampal Execs

Law360, New York (March 19, 2013, 5:47 PM EDT) -- Ampal-American Israel Corp. creditors on Tuesday were ordered to provide a New York bankruptcy judge more briefing to support a deal that would resolve creditors’ counsel Brown Rudnick LLP’s bid to find Ampal directors in contempt and appoint new directors.

U.S. Bankruptcy Judge Stuart M. Bernstein declined to approve the deal between the creditors and outgoing directors at a hearing Tuesday, which would appoint both a restructuring officer to the energy company’s bankruptcy proceedings and two new directors to Ampal’s board.

In return, Brown Rudnick would...
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