Judge Clifton Jessup, Jr. of the U.S. Bankruptcy Court for the Northern District of Alabama denied the appointment of a retirees committee in the Chapter 11 cases of Remington Outdoor Company, Inc. and its affiliates.
In his order, Judge Jessup denied, without prejudice, the request of the United Mine Workers of America to appoint a committee to represent retired workers in light of Remington’s decision to sell most of its assets.
The labor union, which has approximately 975 retirees or their beneficiaries, cannot represent Remington’s retired workers because of a potential conflict of interest with the company’s employees.
About Remington Outdoor Company
Remington Outdoor Company, Inc. and its affiliates are manufacturers of firearms, ammunition and related products for commercial, military, and law enforcement customers throughout the world. They operate seven manufacturing facilities located across the United States. The companies’ principal headquarters are located in Huntsville, Alabama.
Remington Outdoor Company and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala. Lead Case No. 20-81688) on July 27, 2020. At the time of the filing, Remington disclosed assets of between $100 million and $500 million and liabilities of the same range.
Judge Clifton R. Jessup Jr. oversees the cases.
Debtors have tapped O’Melveny & Myers LLP as their bankruptcy counsel, Burr & Forman LLP as local counsel, M-III Advisory Partners LP as financial advisor, Ducera Partners LLC as investment banker, and Prime Clerk LLC as notice, claims and balloting agent.
The U.S. Bankruptcy Administrator for the Northern District of Alabama appointed a committee of unsecured creditors on Aug. 6, 2020. The committee is represented by Fox Rothschild, LLP and Baker Donelson Bearman Caldwell & Berkowitz, PC.