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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Deal: Dirt Devil Maker Wins Oreck

Stocks in this article: WHR

In court papers, the Nashville company listed $18.01 million in assets and $14.93 million in liabilities.

Debtor counsel William L. Norton III of Bradley Arant Boult Cummings could not be reached for comment. Sawaya Segalas & Co. is the debtor's financial adviser, and Carl Marks Advisory Group is crisis manager.

Christopher F. Graham of McKenna Long & Aldridge represents Oreck Acquisition. Graham also could not be reached on Tuesday.

Bruce R. Kraus, Benjamin D. Feder and Gilbert R. Saydah Jr. of Kelley Drye & Warren and sole practitioner Robert J. Welhoelter are counsel to Royal.

John H. Rowland, Courtney H. Gilmer and Jamie L. DeRensis of Baker, Donelson, Bearman, Caldwell & Berkowitz represent debtor-in-possession loan agent Black Diamond Commercial Financial.

Timothy J. Dable and Daniel J. McGuire of Winston & Strawn are co-counsel to Black Diamond.

Donald E. Rothman of Riemer & Braunstein represents prepetition lender Wells Fargo Bank (WHR).

Kenneth A. Rosen and Sharon Levine of Lowenstein Sandler and Daniel H. Puryear and Maximilian R. Loosen of Puryear Law Group represent the official committee of unsecured creditors.

Written by Aviva Gat

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