Peak Lender Challenges Ch. 11 Plan Acceptance Votes

Law360, New York (February 15, 2012, 7:26 PM EST) -- Rabobank International, a major lender for bankrupt Peak Broadcasting LLC, told a Delaware bankruptcy court Tuesday that certain acceptance votes for the radio station operator's reorganization plan weren't made, or procured, in good faith.

Rabobank, which is owed $14.8 million and has declined to support the proposed plan, said in a motion that if those contested creditor acceptances of the plan are designated, as it's requesting under the Bankruptcy Code, then the plan can't be confirmed.

Rabobank specifically targets he acceptance votes of General Electric Capital...
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