The U.S. Trustee in New Jersey is requesting a probe into whether a Chapter 11 hospital auction bidder tried to strong-arm the hospitals lawyer.
In a motion filed Sept. 28, Peter DAuria, a trial attorney for the office, says an independent third party is needed to investigate the bona fides of the entire sale process … to ensure both that the Debtors estate received fair and valuable consideration in exchange for the sale of its assets, and that the sale process was not tainted in any way by self-dealing, a power-play, or an attempt to improperly influence [it].
This content has been archived.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
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]
