BNY Mellon Rips Cengage Unsecured Creditors' 'Power Grab'

Law360, New York (September 5, 2013, 6:14 PM EDT) -- The Bank of New York Mellon Corp. objected Wednesday to an attempt by bankrupt textbook publisher Cengage Learning Inc.'s unsecured creditors committee to take control of pursuing certain claims belonging to Cengage's estates, accusing the committee of using supposed conflicts in a power grab.

BNY Mellon, a creditor in Cengage's bankruptcy, asked a New York bankruptcy court to reject an Aug. 27 motion filed by the unsecured creditors committee seeking approval to chase down certain copyright claims and causes of action related to disputed collateral on...
To view the full article, register now.