GSC Ch. 11 Plan Mired In Dispute Over Disqualifying Votes

Law360, New York (November 30, 2011, 5:17 PM EST) -- Confirmation of a bankruptcy plan for investment management firm GSC Group Inc. became bogged down Wednesday by a heated feud between the Chapter 11 trustee and creditor Black Diamond Capital Management LLC, as a year-end tax deadline for GSC's $235 million asset sale looms nearer.

Attorneys used what was to have been a confirmation hearing in New York on part of the plan to argue instead about a timeline for the case. The scheduling problems came in the wake of move on Nov. 23 by trustee...
To view the full article, register now.