Syms Equity Holders Strike Back At Creditors

Law360, New York (December 07, 2011, 7:15 PM ET) -- Syms Corp. shareholders on Wednesday asked a Delaware bankruptcy court to reject an attempt by unsecured creditors of Syms and Filene's Basement LLC to disband a committee representing the shareholders' interests, claiming they failed to show that the committee's appointment was improper.

In an opposition to a motion by unsecured creditors, the official committee of Syms equity security holders painted the squabble as a product of the intercompany issues at play in the clothing retailers' bankruptcy and said unsecured creditors of Filene's Basement, an insolvent Syms...
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