Tower Automotive Retains Duff & Phelps

Law360, New York (July 27, 2006, 12:00 AM EDT) -- Tower Automotive Inc. has received bankruptcy court approval to hire Duff & Phelps LLC to act as valuation consultant in its Chapter 11 restructuring.

Steven J. Shanker, a principal at Duff & Phelps, will lead the Tower team. Duff & Phelps’ rates range from $110 per hour for an analyst to $460 for the managing director of the financial advisory firm. Managers at the firm charge $340 an hour, and associates $180.

Tower estimated that the total sum for the services to be rendered is around...
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