PBGC, Landlord Object To Metaldyne Consolidation

Law360, New York (January 7, 2010, 1:43 PM EST) -- The Pension Benefit Guaranty Corp. and the Metaldyne Corp. debtors' landlord have objected to the bankrupt auto parts maker's disclosure statement over concerns about plans to consolidate the various debtors in the liquidation of its remaining assets.

Creditors PBGC and Dyne (DE) LP, a landlord to the debtors, on Wednesday filed limited objections in the U.S. Bankruptcy Court for the Southern District of New York to the disclosure statement for a proposed plan of liquidation for the assets Metaldyne has not sold off.

The landlord contends...
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