US Trustee Wants Fox Rothschild Off Revel Ch. 11

Law360, New York (August 4, 2014, 6:46 PM EDT) -- The U.S. government’s bankruptcy watchdog accused Fox Rothschild LLP on Monday of receiving improper retainer payments from the owner of Atlantic City’s bankrupt Revel Casino Hotel, claiming that the resulting liability precludes the firm from representing the debtor.

Roberta DeAngelis, the U.S. Trustee for Region 3 of the bankruptcy courts, argued that Fox Rothschild cannot be considered a “disinterested” professional under the U.S. Bankruptcy Code due to its preference litigation exposure on roughly $821,000 in fee payments made during the 90 days before Revel AC Inc....
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