Skadden Denies Collusion, Seeks $4M Fees In Radnor Ch. 11

Law360, New York (June 3, 2013, 7:45 PM EDT) -- Skadden Arps Slate Meagher & Flom LLP on Friday continued to seek $4 million for its work on Radnor Holdings Corp.’s bankruptcy, denying allegations by the packaging company’s former CEO that it colluded with a hedge fund to hamper a planned restructuring so that the fund could profit off its sale.

In a brief filed in Delaware bankruptcy court, Skadden fought Michael T. Kennedy’s claims that it interfered with Radnor’s reorganization plans, saying it was the polystyrene food packaging company’s own financing situation that had thwarted...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.