DirectBuy Sale Plan Under Fire from Creditors, Trustee

DirectBuy Sale Plan Under Fire from Creditors, Trustee
November 22, 2016
Vince Sullivan
Law360

Saul Ewing’s role representing the unsecured creditors committee in a Chapter 11 proceeding for DirectBuy Holdings Inc. is mentioned in this article in Law360. The article explains that the creditors committee, along with the U.S. trustee, has filed objections to proposed bidding procedures governing a Chapter 11 auction of DirectBuy’s assets as unfairly favoring equity holders. The Saul Ewing team representing the creditors committee includes partner Sharon L. Levine, special counsel Lucian Murley and associates Aaron S. Applebaum, Monique Bair DiSabatino and Dipesh Patel.

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