Standard Register committee to hire Zolfo Cooper as financial adviser

By Kali Hays

New York, May 18 – Standard Register Co.’s official committee of unsecured creditors received authorization to retain Zolfo Cooper, LLC as its financial adviser under a Monday order from the U.S. Bankruptcy Court for the District of Delaware.

The hiring will be made retroactive to March 24.

As previously reported, Zolfo Cooper will analyze the financial standing and business plan of Standard Register, along with all of the claims against the company, advise the committee during plan negotiations and provide “other information and data” upon request, according to a motion.

Zolfo Cooper agreed to a 50% discount for its services, and its advisers and support staff will be paid an hourly rate between $60 and $925.

On May 12, the court also approved the committee’s hiring of Lowenstein Sandler LLP and Polsinelli PC as joint legal counsel.

Standard Register is a Dayton, Ohio-based provider of business documents and related services for the health care, financial services, commercial and industrial markets. The company filed for bankruptcy on March 12 under Chapter 11 case number 15-10541.

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