CDC Corp. Creditors Ask For Ch. 11 Trustee

Law360, New York (December 06, 2011, 1:53 PM ET) -- Several CDC Corp. creditors and the U.S. trustee sought the appointment of a Chapter 11 trustee in the enterprise software company's Georgia bankruptcy Monday, citing CEO Peter Yip's alleged control of the company's board.

Evolution CDC SPV Ltd., Evolution Master Fund Ltd., Segregated Portfolio M and E1 Fund Ltd. say in a motion for the appointment of a Chapter 11 trustee that Chief Restructuring Officer Marcus A. Watson, who the court has acknowledged may have only a brief tenure in his role, is not an adequate...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required