The U.S. Bankruptcy Court approved Brigade Capital Management’s motion to appoint an examiner to the Cenveo case.
The order states, “The Motion is granted solely as provided herein, and the United States Trustee is directed to appoint an examiner in these chapter 11 cases…The Examiner shall prepare and file a report within 70 days of being appointed by the United States Trustee pursuant to this Order (assuming that Cenveo’s and the Committee’s investigations of the Examination Topics will be complete within 60 days of such appointment and cooperation by Cenveo and the Committee with the Examiner as provided in this Order), setting forth whether the respective investigations conducted by Cenveo and the Committee pertaining to the Examination Topics were conducted independently and in good faith, whether the respective examinations have concluded, are complete, and in accordance with this Order, and whether Cenveo’s and the Committee’s assessments and conclusions were reasonable.”
In addition, “The time to file the Report may be extended by Order of the Court upon application by the Examiner for cause shown. While the Examiner is expected to communicate on an ongoing basis with Cenveo and the Committee and, if appropriate and consistent with the other terms of this Order, other parties in interest, the Examiner’s public disclosure with respect to his or her work shall be limited to the filing of the Report.”
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