Sun-Times Creditors, Trustee Question Asset Sale

Law360, New York (September 21, 2009, 3:09 PM EDT) -- The U.S. trustee and creditors committee of the Sun-Times Media Group have raised objections to the publisher's proposed $5 million Chapter 11 asset sale to a stalking horse investor group, expressing worries about prohibitive bid requirements and the company's ability to reach viable agreements with its labor constituents.

U.S. Trustee Roberta A. DeAngelis filed her limited objection in the U.S. Bankruptcy Court for the District of Delaware on Saturday, while the creditors committee filed its own on Friday. A hearing on the sale's bid procedures is...
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