LG.Philips Creditors Committee Won't Have To Share Info

Law360, New York (May 23, 2006, 12:00 AM EDT) -- The creditors committee for bankrupt monitor manufacturer LG.Philips Displays USA Inc. won’t be required to share confidential corporate information with the creditors it represents, according to a ruling by a federal bankruptcy judge.

The ruling is the latest in a string of similar disputes in which committees and creditors have sought clarification of recent changes to U.S. Bankruptcy Code that called for committees to provide "access to information" to the creditors they represent.

The ruling, handed down last week, should ease the committee's concerns that the...
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