date:Sep 27, 2012
p decline in demand for its premium, brandedproducts and subsequently filed for bankruptcy in January 2011.
Kelly Drye Warren was retained as restructuring counsel andScouler Company served as Contessa's financial advisors. ArentFox was selected as counsel to the official Committee ofunsecured creditors and FTI Consulting acted as the Committeesfinancial advisor. But the process got off to a rough startbecause the Committee didn't trust the company's management andwanted to sue the insiders.