St. Louis, MO, July 08, 2009
Stuart Maue announced today that the firm has been appointed as the Fee Examiner in the Merisant Worldwide, Inc. Chapter 11 Bankruptcy filed in the United States Bankruptcy Court for the District of Delaware.
As Fee Examiner, Stuart Maue will analyze fee applications (including the underlying fee and expense entries) submitted by case professionals. The examination will include: identifying and quantifying costs that do not comply with the Bankruptcy Court’s rules and guidelines, the Judge’s prior fee decisions, and any other applicable terms or instructions. For each fee application, Stuart Maue will provide the Court with a detailed report of findings and recommendations.
Merisant Worldwide, a Chicago based company, is largely owned by the private-equity firm Pegasus Capital Advisors. Merisant is best known as the maker of the artificial sweetener Equal. Currently, Merisant has $560.7 million in debt compared with $331.1 million in assets. Representatives for the company have expressed that turmoil in the credit markets has made bank financing unavailable for Merisant to refinance its maturities and interest payments. The company plans to emerge from bankruptcy as early as January of 2010.
About Stuart Maue
Founded in 1985, Stuart Maue develops customized cost management solutions for our clients in the areas of legal spend management, legal audit, reporting and analytics, bankruptcy, and vendor management. Our clients recognize significant savings from our invoice review programs and gain vital insights into their legal spend and vendor costs through our reporting capabilities. For more information about Stuart Maue or our services, visit our website at: www.stuartmaue.com or contact us at one of our locations:
St. Louis, Missouri: (800) 291-9940
Marlton, New Jersey: (856) 273-6930
Scottsdale, Arizona: (480) 659-2288
Shrewsbury, England: 01743 292 444