Charter Creditors Want In On JPMorgan Default Suit

Law360, New York (April 27, 2009, 12:00 AM EDT) -- Creditors in the Charter Communications Inc. bankruptcy are looking to intervene in an adversary suit brought by administrative agent JPMorgan Chase & Co. that accuses the cable company of defaulting on its debt.

In a motion filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York, the official committee of unsecured creditors said its interests would be significantly impaired if Charter could not reinstate the debt of its solvent subsidiaries, or if JPMorgan succeeded at delaying the confirmation process.

“The committee has...
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