Rotech Shareholders Seek To Undo $30M DIP Order

Law360, Wilmington (May 28, 2013, 10:01 PM EDT) -- Rotech Healthcare Inc. shareholders on Tuesday challenged the medical equipment company's $30 million debtor-in-possession financing as the equity committee announced its intention to appeal a Delaware bankruptcy judge's approval of the loan package.

Filed by Rotech's committee of equity security holders, the notice of appeal seeks to overturn the decision of U.S. Bankruptcy Judge Peter J. Walsh, who gave the DIP facility the green light despite a host of objections from the group.

The notice, which does not include the committee's argument for its appeal, marks...
To view the full article, register now.