Banks Object To Tricom's Plan, Disclosure Statement

Law360, New York (June 9, 2009, 12:00 AM EDT) -- Two banks have lodged objections to bankrupt Dominican telecommunications company Tricom SA's first amended reorganization plan and disclosure statement, arguing that the documents contain inaccurate or incomplete information and should not be confirmed.

Bancredit Cayman Ltd. filed an objection to the disclosure statement on Friday in the U.S. Bankruptcy Court for the Southern District of New York; Banco Multiple Leon SA filed an objection to the disclosure statement and the plan on Monday.

After being granted several extensions of its exclusivity period, Tricom filed its amended...
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