Revlon: U.S. trustee’s appeal to plan confirmation resolved

By Sarah Lizee

Olympia, Wash., April 24 – The court overseeing Revlon, Inc.’s Chapter 11 bankruptcy case dismissed an appeal to plan confirmation from Region 2 U.S. trustee William K. Harrington, according to an order filed Monday.

As previously reported, the U.S. Bankruptcy Court for the Southern District of New York confirmed the plan on April 3.

According to the Monday order, the issues that were the subject of the appeal were resolved.

Harrington said he filed the appeal because of the plan’s payment of certain “restructuring expenses,” which include impermissible payments of the fees of various unretained professionals.

The U.S. trustee said his appeal raised important legal issues because the unretained professional fees provision is contrary to the plain meaning of section 503(b) of the bankruptcy code, a clearly expressed legislative policy, and at least one decision by the U.S. District Court for the Southern District of New York.

The hair color products and cosmetics company is based in New York. The company filed bankruptcy on June 15, 2022 under Chapter 11 case number 22-10760.

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