US Trustee Rips Breakup Fee In Furniture Brands Ch. 11 Sale
U.S. Trustee Roberta A. DeAngelis contended that the breakup fee amounts to 7 percent of the $84.3 million cash component of Oaktree's bid, a total the bankruptcy watchdog called excessive, according to her motion in Delaware bankruptcy court.
The bankruptcy watchdog suggested that a...
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