Tussle Over Musicland's Liquidation Plan Continues

Law360, New York (August 7, 2007, 12:00 AM EDT) -- Musicland Holdings Corp.’s unsecured creditors on Monday joined a committee of trade vendors in objecting to Wachovia Bank NA’s bid to stop the approval of Musicland’s liquidation plan.

The joinder and response, filed in the U.S. Bankruptcy Court for the Southern District of New York, came more than a month after the informal committee of trade vendors urged the court to overrule Wachovia’s objection to Musicland's distribution scheme. Wachovia submitted an official response to the vendors’ protestations on Monday, claiming that Musicland’s plan should not be...
To view the full article, register now.