Orchids Paper Products Company – U.S. Trustee for Region 3 Continues Activist Streak, Assails “Market” Bid Protections as Blocking Devices and Excessive

April 24, 2019 – The U.S. Trustee for Region 3 objected to the Debtors' bidding procedures motion, arguing that the proposed break-up and expense reimbursement fees "are not truly bid protections, but rather blocking devices to make it more costly for other bidders to propose a qualified bid. Approving a Break-Up Fee and Expense Reimbursement…