Bankrupt Revstone, Creditors Reach Truce In CRO Feud

Law360, Wilmington (March 20, 2013, 6:02 PM EDT) -- Revstone Industries LLC reached a temporary truce Wednesday with disgruntled creditors who want a Chapter 11 Trustee to take over the auto parts conglomerate’s bankruptcy, resolving an objection to the company’s choice for a chief restructuring officer.

At a hearing in Delaware bankruptcy court, Revstone attorney Laura Davis Jones said the official committee of unsecured creditors would withdraw its objection to the retention of CRO John C. DiDinato of Huron Consulting Services LLC, whose connections to Revstone’s embattled chairman had prompted the protest.

In return, Revstone...
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