SK Capital Pressed to Produce Ascend Dividend Pay Discussions

SK Capital Partners LP should be ordered to cough up communications related to its receipt of annual dividends from Ascend Performance Materials Holdings Inc., creditors of the bankrupt chemical manufacturer said.

An official committee of unsecured creditors in Ascend’s Chapter 11 case asked the US Bankruptcy Court for the Southern District of Texas to compel SK Capital to immediately produce sought after texts and emails related to tens of millions of dollars it received annually from Ascend for the last several years. The committee said the private equity firm has objected to requests for “essential” materials over the last few ...