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Robert Keach Quoted in Law360 on First Brands Chapter 11 Plan
Law360
Verrill attorney Robert Keach was quoted in the Law360 article,“First Brands’ Ch. 11 Plan Revives Angst Over Admin Claims,” discussing First Brands Group’s proposed Chapter 11 plan and its treatment of administrative expense claims.
The article examines objections to a plan structure that would rely on future litigation recoveries to satisfy certain administrative and priority claims, as well as the potential impact such arrangements could have on creditors and vendors in large bankruptcy cases. Keach commented on the scale of the proposal and noted growing caution among vendors that provide goods and services to financially distressed companies.
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