ArmorWorks Creditors Urge Court To Appoint Ch. 11 Trustee

Law360, New York (September 11, 2013, 1:57 PM EDT) -- Creditors of ArmorWorks Enterprises LLC urged an Arizona bankruptcy judge on Monday to appoint a Chapter 11 trustee amid a longtime feud over control of the company, offering in exchange to withdraw their motion to dismiss the military contractor's petition.

C Squared Partners LLC and affiliate Anchor Management LLC claim that a neutral voice is needed in ArmorWorks' bankruptcy proceedings, given the allegations of mismanagement and other ongoing disputes surrounding the company, according to Monday's motion. The creditors said that a trustee is needed, considering the...
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