Cengage Blasts Creditors' Bid To Pursue Disputed Claims
By Maria Chutchian
Law360, New York (September 9, 2013, 4:45 PM ET) -- Cengage Learning Inc. on Monday urged a New York bankruptcy judge to deny creditors’ efforts to pursue claims on behalf of the bankrupt textbook publisher’s estate, saying they are trying to obtain undue leverage in the case and have no standing to do so.
The official committee of unsecured creditors have requested permission to file suit on behalf of the estate to track down certain copyright claims and causes of action related to disputed collateral. In a court filing, Cengage called the motion “audacious” and said...