Dispute Over Claim In Global Power Starts To Boil

Law360, New York (June 25, 2007, 12:00 AM EDT) -- The official committee of unsecured creditors for bankrupt Global Power Equipment Group has objected to an attempt by the equity committee to speed discovery of a dispute with certain noteholders, saying that the request is merely a strategic move to increase the equity committee's leverage in plan negotiations.

The motion, which was filed Friday in the U.S. Bankruptcy Court for the District of Delaware, asks the court to stay the litigation to give the parties additional time to propose a plan that would “avoid the crisis...
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