CTI Foods – U.S. Trustee Objects to Retention of Professionals, Harbinger of Stricter Rules in Region 3 and beyond?

April 2, 2019 – The U.S. Trustee assigned to the CTI Foods cases filed multiple objections to the Debtors’ application for retention of professionals, arguing that those professionals have failed to properly follow rules relating to disclosing parties in interest. The Centerview objection adds a further troubling complaint for professionals serving as investment bankers, that…