A U.S. bankruptcy judge on Wednesday declined to appoint an equity committee in Revlon Inc.’s bankruptcy, rejecting a minority shareholder demand for a greater say in the cosmetics company’s restructuring.
U.S. Bankruptcy Judge David Jones in Manhattan said shareholder interests were already represented in the bankruptcy by Revlon, majority shareholder MacAndrews & Forbes, and the minority shareholder group led by investment advisor Mittleman Brothers LLC, which is free to continue advocating for shareholders on an unofficial basis.
