Bankrupt Rotech Seeks To Sack Equity Committee

Law360, Wilmington (April 29, 2013, 8:30 PM EDT) -- Rotech Healthcare Inc. on Friday asked a Delaware bankruptcy judge to disband the recently formed shareholders committee, with the medical equipment maker saying it shouldn't be forced to foot the bill for a group that has no economic interest in the Chapter 11 case.

Rotech contends the statutory committee of equity security holders, formed by the U.S. Trustee April 24, will prove a drag on its proposed reorganization, needlessly increasing costs on behalf of a constituency that is out of the money by at least $120...
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