Law360, New York (September 20, 2010, 7:04 PM ET) -- A judge overruled unsecured creditors' objections Monday to bankrupt Boston power company EBG Holdings LLC's deal with secured lenders to use cash collateral, noting the unsecured creditors have a tough road ahead of them in the case.
Judge Shelley C. Chapman largely rejected the official committee of unsecured creditors' concerns during a hearing in the U.S. Bankruptcy Court for the Southern District of New York, indicating she would give final approval to the cash collateral bid after wording changes are worked out.
Before lawyers for the...
Creditors Lose Battle To Dilute EBG Lender Protections
To view the full article, take a free trial now.
