Waco Takes Dig At Gardening Giant’s Liquidation Plan

Law360, New York (November 2, 2006, 12:00 AM EST) -- As EG Liquidating Co. Ltd. takes steps toward winding down, the city of Waco has raised objections to the gardening company’s first amended joint plan of liquidation.

The Waco Independent School District claimed Wednesday in the U.S. Bankruptcy Court for the District of Delaware that EG Liquidating, which filed for Chapter 11 in April, did not make good on Texas property taxes in 2006.

Waco alleged that the liquidation plan provisions fail to provide “fair and equitable treatment” to its secured tax claim.

“It is inappropriate...
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