Alameda Creditors Attack Woodside Plan

Law360, New York (June 18, 2009, 12:00 AM EDT) -- Creditors of Woodside Group LLC unit Alameda Investments LLC have objected to Woodside's disclosure statement, saying that it doesn't provide enough information for them to evaluate the company's reorganization plan and that the plan treats them unfairly.

In an objection filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware, the official committee of Alameda's unsecured creditors said that Woodside's latest disclosure statement, filed in April, left out key information about Alameda's assets and obligations, and described a flawed reorganization plan.

The creditors said...
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