Sea Containers Files 1st Amended Ch. 11 Plan

Law360, New York (September 17, 2008, 12:00 AM EDT) -- Sea Containers Ltd. has filed an amended Chapter 11 plan of reorganization that differs slightly from a plan filed in July by offering more details about the company's intended activity once it emerges from bankruptcy protection.

The disclosure statement filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware expands information about the company's pension settlement and details how the transfer of the debtors' interests to a new company called Newco will occur in Bermuda.

According to David Eaton, counsel for the debtors, the...
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