Texas Rangers Bankruptcy Trustee Pushes Aside Current Attorney
Posted on July 18th, 2010
The Texas Rangers bankruptcy sale has hit nothing but bumps and snags. The latest update is that the bankruptcy trustee assigned to the case has urged the team to dismiss their current law firm, Weil Gotshal & Manges, for not operating in the team’s best interest.
Since WGM has received millions from Rangers owner Tom Hicks, the bankruptcy trustee argued that there was no way the law firm could successfully operate in the team’s best interest. He urged the Rangers to hire new, more objective legal representation, one that didn’t add to their pile of millions the longer the bankruptcy case dragged on.
The creditors have been dragging their heels, waiting for a bigger payout. They have been holding their breath longer since the first George W. Bush pres
Tags: Bankruptcy Trustee, Current, Rangers Bankruptcy, Texas Rangers Bankruptcy
No Comments »