Nellson Cleared In Probe Over Conduct With Creditors

Law360, New York (November 16, 2007, 12:00 AM EST) -- Nellson Nutraceutical Inc. won a boost on Thursday, with an examiner wrapping up a months-long investigation into the relationship between the bankrupt diet bar maker and its unsecured creditors by absolving the company of any wrongdoing.

In a 98-page report filed Thursday in the U.S. Bankruptcy Court for the District of Delaware, examiner Michael Luskin — who was charged with investigating a U.S. Trustee's claims that the contact between Nellson and its creditors was illegal and dishonest — concluded that the debtors’ management did not breach...
To view the full article, register now.