Casino investor New Cotai Holdings LLC told the court that law firm Skadden Arps Slate Meagher & Flom LLP doesn’t pose a conflict of interest in working on its $856 million bankruptcy case.
The U.S. Trustee, a federal bankruptcy watchdog, has said Skadden should be disqualified because the law firm may have claims against New Cotai’s parent, Silver Point Capital LP, a hedge fund that is also a client of the law firm.
A group of New Cotai’s unsecured creditors also said that Skadden can’t be trusted to investigate or pursue any claims against Silver Point. But the group so ...
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