Vodka Distributor's Ch. 11 Plan Draws Fire From Investor
Law360, Chicago (April 22, 2013, 7:13 PM EDT) -- A Central European Distribution Corp. investor on Monday asked a Delaware bankruptcy judge to pull the reins on the vodka distributor's plan to reorganize under the control of its chairman, Russian billionaire Roustam Tariko, saying a funding agreement underpinning the plan requires "heightened scrutiny."
Eugenio Rainoldi, whose $3.3 million investment is slated to be wiped out under CEDC's Chapter 11 plan, lodged an objection to the company's assumption of the funding agreement, under which Tariko's holding company, Roust Trading Ltd., will make a $172 million investment in CEDC and forgive a $50 million secured loan in return for equity in the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!