Creditors Attempt to Block ATM Founder’s Bid for Criminal Counsel

Creditors moved to reject a bid from the troubled founder of an ATM network operator to retain the law firm McCarter & English LLP as criminal counsel.

Harrisburg, Pa.-based Orrstown Bank objects to the retention terms because they permit the founder’s wife, Charlene Heller, to pay McCarter’s fees, according to a court filing Thursday in the US Bankruptcy Court for the District of New Jersey.

The bank argued the retention clauses allow Heller’s wife to cover the fees even though she owes the bank over $4 million. She submitted a financial statement to the institution stating that her liabilities exceeded ...