Judge Orders CCS 2nd-Lien Lenders Committee

By Evan Weinberger

Law360, New York (January 12, 2010, 1:37 PM ET) -- A bankruptcy judge has ordered the formation of an official committee of second-lien lenders in the CCS Medical Inc. Chapter 11 case, reserving the right to remove any members appointed to the committee by the U.S. trustee.

In a ruling Monday in the U.S. Bankruptcy Court for the District of Delaware, Judge Christopher S. Sontchi said that the U.S. trustee would have the right to appoint any holder of second-lien debt in the medical device company, responding to the trustee's concern that an earlier order circumvented...
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