Trustee Objects To Best's Investment Bank Choice

Law360, New York (August 24, 2006, 12:00 AM EDT) -- The U.S. Trustee overseeing Best Manufacturing Group LLC’s bankruptcy case has objected to the company’s choice of an investment bank, balking at fees that “could total millions of dollars.”

In court papers filed last Wednesday, Trustee Kelly Beaudin Stapleton requested that the application to hire Houlihan, Lokey, Howard & Zuckin Capital Inc. to lead Best through its Chapter 11 case and possible sale be denied.

“The applicant must affirmatively establish the professional’s qualifications and bear the burden of proving that the terms and conditions of retention...
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