Rotech DIP Hearing Delayed Upon Shareholder Objections

Law360, Wilmington (May 7, 2013, 10:00 PM EDT) -- A Delaware bankruptcy judge on Tuesday pushed back a final hearing on Rotech Healthcare Inc.'s $30 million debtor-in-possession facility after counsel for the recently appointed shareholders committee protested that they had not received enough information to assess the loan.

U.S. Bankruptcy Judge Peter J. Walsh had been set to hear Rotech's DIP motion at the Tuesday-afternoon hearing but agreed to delay final consideration by one week after attorney Carmen H. Lonstein, representing the committee of equity security holders, said the debtors had failed to provide complete...
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