Trustee Objects To Pierre Plan's Liability Releases

Law360, New York (December 8, 2008, 12:00 AM EST) -- The U.S. trustee overseeing the bankruptcy case of Pierre Foods Inc. has objected to the company's latest reorganization plan, saying that the plan improperly seeks to release some parties in the case from liability.

In an objection filed Friday in the U.S. Bankruptcy Court for the District of Delaware, U.S. Trustee Roberta A. DeAngelis said that the plan released former officers, directors, members and advisers of the company from liability without offering evidence that the releases were proper.

The trustee also objected to a provision that...
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