Court Opinion Review: ModivCare’s Objection to UCC Counsel Fees; Xinyuan Stays in Chapter 11; Bankruptcy Uniformity in United Site Solutions; Multi-Color Stays in Jersey; the Tehum/YesCare Debacle

Legal Research: Kevin Eckhardt Octus’ Court Opinion Review provides an update on recent noteworthy bankruptcy and creditors’ rights opinions, decisions and issues across courts. We use this space to comment on and discuss emerging trends in the bankruptcy world. Our opinions are not necessarily those of Octus as a whole. Today, we consider the reorganized ModivCare debtors’ objections to UCC advisors’ fees, a curious chapter 15 finding in Xinyuan Realty, decisions on opt-out releases and venue in United Site Solutions and Multi-Color, and the collapse of the Tehum Care two-step plan. ModivCare Goes Nuclear Hoo-boy did the reorganized ModivCare debtors kick up a Texas-sized hornet’s nest with their March 4 objection to the fees requested by professionals for the official committee of unsecured creditors! According to ModivCare, White & Case should receive “no compensation whatsoever” after they “announced in advance” they would “bury the estate in professional fees” if the UCC didn’t get cut in on the plan. The fact this a–spicy meat-ball was signed exclusively by post-effective-date counsel Walker & Patterson and not the Ex-Weil Gang at Latham that handled the restructuring tells you all you need to know about the Cone of Silence on estate professional fees among[...]