Chemtura Corp (fka CHMT)

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You think that the equity committee's financial advisor would walk away from a fee of 1.25% of $225M+?

If the POR had been confirmed in a manner in which the equity available for shareholders was greater than $225MM, you can be damn sure that UBS would have taken its fee.

Now I'm not saying that the plan won't be confirmed in a way in which the equity holders will get >$225MM in recovery. What I am simply saying is that as of June 30, 2010, UBS did not feel comfortable billing the court for services rendered that would have accounted for a success fee on the transaction (defined as getting $225MM of recovery for the equity holders).

I am definitely trying to play catch up, but what's the harm in that? Just trying to get smart and do some diligence by asking as many knowledgeable people as there seem to be on this site. No need to get ornery at me.