Challenge To MIG Special Litigation Committee Nixed

Law360, New York (December 22, 2009, 6:49 PM EST) -- The judge overseeing MIG Inc.'s Chapter 11 case has rejected unsecured creditors' bid to bar the debtor from appointing a special litigation committee, which they argued was set up to protect sole shareholder CaucusCom Ventures Ltd.'s position in the company's capital structure and stymie efforts to restore value to the estate.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware signed off on an order Dec. 18 denying the official committee of unsecured creditors' motion to bar and void the SLC and...
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