US Trustee, Creditors Object To Raser Ch. 11 Plan

Law360, New York (August 26, 2011, 8:46 PM EDT) -- Green energy company Raser Technologies Inc. faced fresh objections to its reorganization plan this week in filings by unsecured creditors and the U.S. trustee about releases that would block certain parties from being sued.

In a filing Friday, U.S. Trustee Roberta A. DeAngelis said that the language in the plan seems to prohibit the government from filing causes of action against the released parties, including any potential criminal claims — a provision that would be prohibited by bankruptcy law, according to the objection.

And in a...
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