Thursday, October 22, 2020

Frontier Communications Chapter Charges Are Too Excessive, Choose Guidelines

Frontier Communications Corp. and the funding financial institution that guided it by way of chapter, Evercore Group LLC, have been advised by a choose Thursday to return to the drafting board on their price association, which collectors had referred to as too expensive.

Choose Robert Drain ordered adjustments to be made earlier than he approves the price deal. His ruling got here after a listening to that supplied a window into the world of chapter advisers, a small group of funding banks that command tens of tens of millions of {dollars} in charges for promoting firm belongings, corralling…

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