White & Case Fights For Equity Committee

Law360, New York (March 30, 2006, 12:00 AM EST) -- When Appaloosa Management took on the daunting task of establishing an equity committee in the Delphi insolvency proceedings, the hedge fund turned to bankruptcy firm White & Case LLP to get the job done.

“Pretty extraordinary” is how Tom Lauria, co-chairman of the firm’s Global Financial Restructuring and Insolvency group, described the formation of the official equity committee in the case, despite heavy resistance from almost every other party involved in the matter.

With the firm serving as counsel, Appaloosa lobbied the court to make a...
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