MediCor's Unsecured Creditors Object To Sale

Law360, New York (April 15, 2008, 12:00 AM EDT) -- Ten months after filing for Chapter 11, bankrupt breast-implant maker MediCor Ltd. and its creditors are still fighting over the sale of the company’s assets.

MediCor’s official committee of unsecured creditors struck the latest blow in the ongoing dispute Sunday, with the filing of a limited objection to MediCor’s sale motion in the U.S. Bankruptcy Court for the District of Delaware.

MediCor filed its sale motion on March 24, seeking approval to sell its foreign subsidiaries — Eurosilicone SAS, Biosol Ltd. and Nagor Ltd. — and...
To view the full article, register now.