First Mariner committee seeks OK for employment of legal counsel

By Kali Hays

New York, March 6 - First Mariner Bancorp's official committee of unsecured creditors requested court approval to hire Kirkland & Ellis LLP and Shapiro Sher Guinot & Sandler as legal counsel during the company's Chapter 11 case, according to two Wednesday filings with the U.S. Bankruptcy Court for the District of Maryland.

The committee requested both hirings be retroactive to Feb. 13.

It selected K&E based on its "distinguished reputation for achieving positive results for a wide range of global clients in complex corporate restructurings" and SSG&S "because of its experience and knowledge in the field of bankruptcy," the filings stated.

Both firms will assist the committee in its analysis of the company's assets and advise it on the rights and powers of the committee, advise its investigation of the financial situation of the company and assist in negotiations and court proceedings.

David R. Seligman and Jeffery W Gentleman, both of SSG&S, are expected to have primary responsibility in providing services to the committee. They will be paid $1,095 and $885 per hour, respectively.

First Mariner, the Baltimore-based holding company for 1st Mariner Bank, filed bankruptcy on Feb. 10. The Chapter 11 case number is 14-11952.

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