The Dallas office of Weil, Gotshal & Manges will be the venue for the Aug. 4 auction of the Texas Rangers baseball team. Speculation has swirled in the financial and sports media about who will bid. But another question is how U.S. Bankruptcy Judge D. Michael Lynn of Fort Worth will rule on the Office of U.S. Trustee's objection to Weil, Gotshal's application to serve as debtor's counsel for the baseball team's owner, Texas Ranger Baseball Partners (TRBP), in TRBP's bankruptcy proceedings. The trustee's office alleges that "conflicts of interest" should bar Weil, Gotshal from permanently representing TRBP.
Rangers Auction Imminent, But Permanent Debtor's Counsel Uncertain
August 2, 2010
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