School Specialty, Inc (fka SCHSQ)

[finbar99]

I would stress that the US Trustee appears receptive to appointment of an EC. That is extremely rare. Being counsel for an EC is a great gig for the law firm - they can bill their 600-900 an hour and unlike being general counsel for a company - there really isn't any haggling over a bill. The biggest problem is that normally it takes an act of god to get one because trustees usually oppose their formation - which means that the case must be motioned to the court, which is time consuming and usually leads to unbillable time. If a firm thinks it's close to a slam dunk to get appointed - I think they will take up the case - success is another issue, but at this point, equity just needs to get over the hurdle of not having professional representation at the official bargaining table. I think if you can convince a firm to call Juliette you might get one of these to give it a go. FWIW.