Retention of Special Transactional Counsel

The Debtors have filed an Application to Retain Rabinowitz, Trenk, et al., as special transactional counsel to the Debtors. The retention application is to allow the Debtors to employ special counsel to assist with transactions the Debtors will be seeking to complete pursuant to Sections 363 and 364 of the Bankruptcy Code. Those transactions include sales of assets as well as the obtaining of credit on the debtors' behalf. Given the number of issues that the Debtors and their professionals are dealing with at the same time, the retention of special transactional counsel will allow the CRO and the Debtors' other professionals to remain focused on the reorganization prospects of the Debtors' business.