I checked the other Bankruptcy Docket and noted that an “ Ad Hoc Committee of Equity Holders “ was formed first before a request for Official status was made.
In the following Bankruptcy Case it states that 7 Institutional Investors are the members of the “ Ad Hoc Committee of Equity Holders “.
“ An Ad Hoc Committee of Equity Holders (the "Committee") was formed within the past few days to represent the shareholders of Interstate. The Committee is comprised of seven institutional investors that reportedly hold in the aggregate approximately 30% of Company's shares outstanding.
The Committee announced that it has retained Sonnenschein Nath & Rosenthal LLP ("Sonnenschein") as Counsel and Houlihan Lokey Howard & Zukin ("Houlihan Lokey") as Financial Advisor to the Committee, and intends to seek the appointment of an Official Committee of Equity Holders. “.
An “ Ad Hoc Committee of Equity Holders “ does not have to be formed first before requesting an OEC.
“ If the United States Trustee and the court decline to appoint an official equity committee, equity security holders may unite and form an unofficial or ad hoc committee to represent their interests. “
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