Shareholders Want A Say In Allied's Ch. 11

Law360, New York (October 9, 2006, 12:00 AM EDT) -- An ad hoc committee of shareholders for Allied Holdings Inc. has once again filed a motion for official representation in the case, arguing the bankrupt auto hauler’s situation has improved since a big-name investor jumped into the Chapter 11 case.

In February, a similar motion by the ad hoc committee was denied by Judge W. Homer Drake, Jr. in the U.S. Bankruptcy Court in the Northern District of Georgia. The committee said the situation has "materially changed" since then.

The ad hoc group said that investment...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.