US Trustee Protests Syms' Ch. 11 Plan Over CEO Protections

By Jamie Santo (August 24, 2012, 9:42 PM EDT) -- The U.S. trustee objected Friday to Syms Corp.'s proposed Chapter 11 reorganization, arguing the discount clothing retailer's plan cannot be confirmed in Delaware bankruptcy court as it provides legal cover for nonfiduciary parties, namely CEO Marcy Syms and her professionals....

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