Unsecured Creditors Question 'Rushed' Velti Sale Plan

Law360, Wilmington (November 19, 2013, 9:07 PM ET) -- The creditors committee in the bankruptcy case for the U.S. units of mobile marketing firm Velti PLC took issue Tuesday with the debtors' stalking horse sale plan to the credit division of Blackstone Group LP, arguing the complex transaction is too rushed for anyone to evaluate it in time.

In a motion filed in Delaware bankruptcy court, the official committee of unsecured creditors said it has too many questions about the proposed stalking horse sale to a unit of GSO Capital Partners LP that includes Velti's...
To view the full article, register now.