Smurfit-Stone Ch. 7 Conversion Bid Shot Down Again

Law360, New York (April 15, 2010, 7:17 PM EDT) -- The bankruptcy judge overseeing Smurfit-Stone Container Corp.'s Chapter 11 proceeding said he would not reconsider his earlier denial of two creditors' request to convert a financing subsidiary's case to Chapter 7 on Thursday, the same day a confirmation hearing on Smurfit-Stone's reorganization plan kicked off.

In his order denying Aurelius Capital Management LP and Columbus Hill Capital Management LP's motion for reconsideration, Judge Brian Linehan Shannon of the U.S. Bankruptcy Court for the District of Delaware noted that a hearing on objections related to that subsidiary...
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