Haggen Creditors Square Off With Comvest In Ch. 11 Trial – Law360

NextGen Medium-Rectangle-300×250-3d

Law360, Wilmington (October 16, 2017, 9:10 PM EDT) -- Comvest Partners pushed back Monday against asset-stripping allegations from bankrupt Haggen Holdings LLC’s unsecured creditors committee, arguing at the start of trial on the issue that the grocery chain’s collapsed expansion was simply a risk that failed and not an engineered fraud to part creditors from their assets.

During the opening of a scheduled five-day trial in Delaware bankruptcy court, Comvest attorney Richard U.S. Howell of Kirkland & Ellis LLP argued that the committee’s accusations are essentially using a hindsight analysis to “throw away business judgment,”...

NextGen Leaderboard-728×90-1f