Marcal's Proposed Hires Raise Objections

Law360, New York (May 25, 2007, 12:00 AM EDT) -- Marcal Paper Mills Inc. is seeking a bankruptcy court’s permission to employ two top executives, including a new president, a bid that has drawn objections from unsecured creditors alleging inadequate disclosure.

A hearing on Marcal’s motion for an order approving the employment of Lee Bingham as President and Chief Operating Officer and Robert Lynch as Senior Vice President and Chief Financial Officer was slated for Friday, but has been pushed back until Tuesday because the judge best suited to oversee the hearing wasn’t available, said debtor...
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