Wood-pellet maker Enviva Inc. can’t keep Vinson & Elkins LLP as its bankruptcy counsel because the firm also represents the company’s largest equity holder, a bankruptcy judge ruled.
The firm’s work for Riverstone Investment Group LLC in matters outside of the bankruptcy is a conflict of interest with its representation of Enviva in Chapter 11, Judge Brian F. Kenney of the US Bankruptcy Court for the Eastern District of Virginia ruled Thursday.
The finding is a setback for Enviva, which filed for Chapter 11 in March. The company, the world’s biggest supplier of wood pellets for generating electricity, has outlined ...
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