Nellson Agrees To Chapter 11 Examiner

Law360, New York (October 26, 2006, 12:00 AM EDT) -- Moving to end a bid by the U.S. Trustee's Office to appoint an independent outside trustee in the acrimonious bankruptcy proceedings of Nellson Nutraceutical Inc., the diet candy bar maker has agreed to appoint an examiner in its Chapter 11 case.

The concession comes on the heels of harsh criticism from the U.S. Trustee overseeing Nellson’s Chapter 11 proceedings. On Oct. 10, U.S. Trustee Kelly Beaudin Stapleton filed a motion blasting the debtors as “dishonest and incompetent” and asked the court to appoint a Chapter 11...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.