SCL Revises Ch. 11 Plan After Trustee Objections

Law360, New York (November 21, 2008, 12:00 AM EST) -- Sea Containers Ltd. has filed its third amended Chapter 11 plan of reorganization to address concerns raised by the U.S. trustee overseeing the proceedings that the company's second plan contained sections that were overly broad, inappropriate and not proposed in good faith.

The debtors filed the third reorganization plan Thursday in the U.S. Bankruptcy Court for the District of Delaware, asking the court to approve a new plan that resolves nearly all of U.S. Trustee Roberta A. DeAngelis' objections.

In an objection filed Nov. 10, DeAngelis...
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