Banks Fight M. Fabrikant's Liquidation Plan

Law360, New York (December 10, 2007, 12:00 AM EST) -- A group of banks has filed objections to M. Fabrikant & Sons Inc.'s Chapter 11 liquidation plan, arguing that it does not adequately address the banks' rights to recover defense costs stemming from an adversary case filed in October.

Bank of America NA and JP Morgan Chase Bank NA filed objections to the plan on Friday. HSBC Bank USA filed a joinder to Bank of America's objection and Bank Leumi USA filed a joinder to JP Morgan Chase's objection.

In its objection, JP Morgan Chase spelled...
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