Creditors Seek Info On Cerberus, NewPage Relationship

Law360, New York (December 5, 2011, 7:33 PM EST) -- NewPage Corp.'s unsecured creditors committee lobbied a bankruptcy judge on Friday for permission to investigate the company's ties to its owner, private equity firm Cerberus Capital Management LP, which they say also owns portions of the company's debt.

The unsecured creditors' committee asked the court to compel Cerberus to produce documents relating to the managerial and financial relationship between the private equity firm and the distressed paper company, which might help them better analyze the bankruptcy estate.

“The financial and managerial relationship between Cerberus and the...
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