Kenneth A. Rosen, co-counsel for the Official Committee of Unsecured Creditors of Orchids Paper Products Company, is quoted in Law360 regarding the company’s proposed Chapter 11 financing terms. According to Rosen, the proposed deal would not provide for a fair auction process for all prospective bidders, and would render the debtor “administratively insolvent.” Two objections have been filed in a Delaware bankruptcy court. Orchids Paper filed for Chapter 11 in early April with approximately $271 million in debt.