U.S. Trustee Chilly Toward Fedders Asset Sale Plan

Law360, New York (January 8, 2008, 12:00 AM EST) -- The U.S. trustee overseeing Fedders Corp.'s Chapter 11 case has taken issue with the the air conditioning company's bids for court approval to sell off various assets, raising concerns about consumer privacy and saying that interested parties need to be able to determine if the transactions at issue are in the best interest of creditors.

U.S. Trustee Kelly Beaudin Stapleton filed her omnibus objection on Monday to several motions related to the transfer or sale of assets. The questioned transactions are the sale of substantially all...
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