Creditor Dispute Over Charter Ch. 11 Plan Escalates

Law360, New York (November 23, 2009, 5:45 PM EST) -- A bankruptcy judge has denied efforts by certain Charter Communications Inc.'s creditors to impose a stay on the cable company’s exit from Chapter 11 protection while they appeal the confirmation of its reorganization plan, which is supported by unsecured creditors and controlling shareholder Paul G. Allen.

Judge James M. Peck issued a bench ruling on Monday in the U.S. Bankruptcy Court for the Southern District of New York denying requests for the stay from parties including the Law Debenture Trust Co., JPMorgan Chase Bank NA, R2...
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