FriendFinder Networks filed with the U.S. Bankruptcy Court a motion to retain Akerman Senterfitt (Contact: Bradley D. Houser) as special corporate and conflicts counsel at hourly rates ranging from $220 to 695 for paralegal through attorney. The motion explains, “Because of Akerman’s extensive experience and knowledge in the fields of corporate law, business litigation and bankruptcy, Akerman is well-suited for the type of representation that the Debtors require. Greenberg and Akerman will carefully coordinate their efforts and clearly delineate their duties to prevent any duplication of efforts. The Debtors believe that rather than resulting in extra expense to their estates, the efficient coordination of efforts between Akerman and Greenberg will greatly add to the effective administration of these Chapter 11 cases. Thus, the Debtors believe that Akerman’s employment is in best interest of the debtors, their estates, and their creditors.” The Company also filed a motion to retain BMC Group (Contact: Bradford Daniel) as administrative advisor. The motion explains, “To help manage administrative tasks with respect to the thousands of creditors, equity security holders and other parties in interest that are expected to be involved in the Debtor’s Chapter 11 Cases in a cost-efficient manner, the Debtors require the specialized services that BMC offers. BMC has the expertise, experience and personnel to assist the Debtors in managing the administrative tasks that flow from such large and complex cases.” The Court subsequently approved FriendFinder Networks’ motion to retain BMC Group as claims and noticing agent.
About Brandy Chetsas
Brandy L. Chetsas is editor in chief at Bankrupt Company News. She joined New Generation Research, Inc. in 1998. As Director of Strategic Content, she leverages 20+ years of communications and project management experience for the distressed investing sector–with particular expertise on corporate restructurings via Chapter 11. Brandy began her career writing for a law enforcement-related publication and teaching English courses at numerous colleges in the U.S. and abroad.