Neff Defends Ch. 11 Plan Against Committee's Attack

Law360, New York (September 14, 2010, 6:54 PM EDT) -- Heavy equipment rental company Neff Corp. on Tuesday defended provisions of its Chapter 11 plan that would allow Wayzata Investment Partners LLC and Apollo Capital Management LP to take the company out of bankruptcy without fear of lawsuits over a 2007 leveraged buyout.

Squaring off against attorneys for the unsecured creditors committee, lawyers for Neff, Wayzata and Apollo attempted to persuade Judge Shelley C. Chapman to approve the plan as is during a confirmation hearing in the U.S. Bankruptcy Court for the Southern District of New...
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