Smurfit-Stone Payment Proposal Draws Objections

Law360, New York (March 4, 2009, 12:00 AM EST) -- Numerous companies that haven't been paid for products they delivered to Smurfit-Stone Container Corp. shortly before it filed for bankruptcy in January have filed objections to the company's request that it be given up to four months to analyze their claims.

Around a half-dozen companies, including IFCO Systems Inc., Packaging Corp. of America and International Baler Corp., have filed objections to the plan in the U.S. Bankruptcy Court for the District of Delaware in the past few days, claiming that Smurfit-Stone's proposal is vague and will...
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