Law360 Mentions Kelley Drye Representation of Unsecured Creditors Committee in Romano’s Macaroni Grill Lien Challenge
January 29, 2018
Firm partner and chair of the firm’s Bankruptcy and Restructuring practice, Eric Wilson, partner Jason Adams, and senior associate Lauren Schlussel were mentioned in the Law360 article, “Macaroni Grill Creditors Seek OK For $8M Lien Challenge,” as representing the official committee of unsecured creditors.  The article discussed how the unsecured creditors asked a Delaware judge to let the committee go around official Chapter 11 debtors and go after assets locked up by disputed liens and prepetition financing agreements, potentially increasing the group’s recoveries by $8 million or more.  “Prepetition agreements were folded into a plan calling for payment in full of an $18.5 million senior secured claim held by Bank of Colorado and a $5 million secured claim for debtor-in-possession financing,” Adams said.

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