Benesch Partner Seth Kleinman Quoted in Law360 Bankruptcy Authority on Chapter 11 Disputes

Benesch Partner Seth Kleinman was quoted in Law360 Bankruptcy Authority in an article examining how internal disputes and stakeholders conflict derailed the Chapter 11 proceedings of Label Co. Multi-Color.

The article, “How Label Co. Multi-Color’s Ch. 11 Got Mired In Conflict,” explores the breakdowns between the debtor, creditors, and other parties that complicated the restructuring process and prolonged the case.

In the article, Kleinman commented:

“The disgruntled creditors are saying they didn’t get the opportunity to participate in the equity backstop and the other equity-rights economics, while the existing equity holder did,” Kleinman observed. “That puts it squarely in ConvergeOne land.”

More: How Label Co. Multi-Color’s Ch. 11 Got Mired In Conflict – Law360 Bankruptcy Authority