Nebraska Book Objections

Nebraska Book Company's official committee of unsecured creditors filed with the US Bankruptcy Court on July 19, 2011 an objection to the Debtors' motion to retain Rothschild as investment banker and financial advisor, Rothschild's proposed fees, and effort to obtain $200 million in post-petition financing. The objecttion asserted the $75 million revolving loan and a $125 million term loan from JP Morgan Chase Bank contains certain extraordinary provisions that are unreasonable and inappropriate.