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Woodbridge Expands Board To Ease Creditor Concerns

Law360, Wilmington (January 18, 2018, 9:22 PM EST) -- The Woodbridge Group of Cos. LLC told a Delaware judge Thursday that it had made changes to its corporate governance structure to address concerns raised by the officials committee of unsecured creditors in its Chapter 11 case.

During a hearing in Wilmington on motions by the committee and the U.S. Securities and Exchange Commission to appoint a Chapter 11 trustee in the case, debtor attorney Sean M. Beach of Young Conaway Stargatt & Taylor LLP said negotiations were ongoing with the committee to resolve their issues...
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