Foamex's Planned $105M Asset Sale Draws Protest

Law360, New York (May 14, 2009, 12:00 AM EDT) -- Foamex International Inc.’s bid to get a green light for its planned $105 million asset sale has been met by several objections from parties including ACE American Insurance Cos., Bank of America NA, a group of term lenders and the U.S. trustee overseeing Foamex's bankruptcy proceedings.

On Thursday, ACE Companies and Bank of America filed limited objections, Law Debenture Trust Co. of New York filed a supplemental objection, and the U.S. trustee and a group of term lenders filed their own objections in the U.S. Bankruptcy...
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