Trustee Balks At Star Tribune Disclosure Statement
In a motion filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, U.S. Trustee Diana G. Adams contends the disclosure statement can't be approved without amendments.
Specifically, the trustee objects to the discharge of nondebtor third parties, alleging that neither the disclosure statement nor the proposed reorganization plan explains why the releases are warranted....
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