Sometimes law firms are counsel to bankrupt companies, but sometimes they’re unsecured creditors.
In the bankruptcy of embattled clothing manufacturer American Apparel Inc.; Skadden, Arps, Slate, Meagher & Flom LLP; White & Case LLP; and Paul Hastings LLP are among the latter.
The clothing company owes approximately $6 million in total to the three firms for legal services. At $3.8 million, Skadden’s claim ranks third among all unsecured creditors. White & Case, which says its owed $1.4 million, is also in the top 10.
And Paul Hastings says it’s due just under $700,000 for its work for the company.
Over ...
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