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MIG Creditors Ask To Sue Over Poison Pill Provisions

Law360, New York (November 04, 2009) -- Creditors of bankrupt telecommunications holding company MIG Inc. are seeking to bring a derivative action over certain poison pill provisions that could decimate the value of the debtor's primary asset.

In a motion filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, the official committee of unsecured creditors asked for an order granting it standing to prosecute...

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