Congoleum Bondholders Seek To Retain Akin Gump

Law360, New York (February 28, 2006, 12:00 AM EST) -- Congoleum Corp.'s bondholders’ committee has moved to hire Akin Gump Strauss Hauer & Feld LLP as its counsel in the bankruptcy proceedings of the Mercerville-based floor products supplier.

Last week, the committee filed a motion with the U.S. Bankruptcy Court in Trenton, N.J., assigning Michael S. Stamer as the case principal.

Partner Stamer will be compensated between a range of $435-$895 per hour, according to court documents. Counsel will receive between $300-$735 per hour, associates will be compensated between $235-$475 per hour, and paraprofessionals will receive...
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