U.S. Trustee Opposes Counsel Hiring, Proposes FCR Candidates For Paddock

Mealey's (March 30, 2020, 1:05 PM EDT) -- WILMINGTON, Del. — The Delaware federal bankruptcy court should hold off on appointing special litigation and corporate counsel for the asbestos claimants’ committee in the new Chapter 11 case of Owens-Illinois’ spinoff Paddock Enterprises LLC until it decides whether to appoint an examiner to investigate the companies’ prebankruptcy restructuring, the U.S. trustee, who is pushing for the examiner, says in a March 27 limited objection (In re Paddock Enterprises, LLC, No. 20-10028, D. Del. Bkcy.)....