Stanfield Capital Partners LLC wants to disqualify Milbank, Tweed, Hadley & McCloy from Meridian Automotive Systems Inc.’s contentious bankruptcy, alleging that the counsel to first-lien holders is privy to inside information that is undermining the hedge fund’s effort to provide exit financing.

The hedge fund wants Milbank removed as counsel to the ad hoc committee of first-lien holders due to a conflict the law firm developed from its initial retention by Stanfield, which is a second-lien holder, documents show.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]