Skadden Can Collect Disputed $4M Fee In Radnor Ch. 11

Law360, Chicago (June 20, 2013, 7:15 PM EDT) -- A Delaware bankruptcy judge on Thursday awarded Skadden Arps Slate Meagher & Flom LLP $4 million in fees for its work representing Radnor Holdings Corp., casting aside an objection from the defunct packaging company’s former CEO that accused the firm of broad misconduct in the case.

In a 30-page opinion, U.S. Bankruptcy Judge Peter J. Walsh tore down former Radnor executive Michael T. Kennedy’s theory that the firm colluded with Tennenbaum Capital Partners LLC to sink Radnor’s reorganization so the hedge fund could acquire the company...
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