Vicorp granted court OK to hire Piper Jaffray as financial adviser

By Jennifer Lanning Drey

Portland, Ore., June 17 - Vicorp Restaurants Inc. was granted court approval to hire Piper Jaffray & Co. as financial adviser, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

Vicorp will pay Piper Jaffray $59,250 per month. Additionally, the financial adviser will be entitled to a $935,000 fee provided that a restructuring transaction occurs during the time that Piper Jaffray is providing its services or within six months of termination.

Vicorp is a Denver-based restaurant operator. Its Chapter 11 case number is 08-10623.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.