Spansion Noteholders Frown At King & Spalding Hire

Law360, New York (July 17, 2009, 5:48 PM EDT) -- A group of noteholders has objected to technology company Spansion Inc.’s bid to employ King & Spalding LLP as special litigation counsel in its Chapter 11 proceedings.

An ad hoc consortium of floating rate noteholders lodged an objection Thursday in the U.S. Bankruptcy Court for the District of Delaware, though the sealed motion did not disclose the reason for the noteholders' opposition.

Attorneys for the noteholders could not immediately be reached for comment Friday.

In May, the noteholders asked the bankruptcy court to withhold approval of...
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