Interstate Bakeries Seeks More Time To Appoint Board

Law360 (November 17, 2006, 12:00 AM EST) -- Bankrupt Interstate Bakeries Corp. is looking to delay a hearing on a lawsuit brought by a New York hedge fund that would compel the baking company to hold an annual shareholders meeting to designate a new board of directors.

The maker of Hostess Twinkies and Wonder Bread asked the Delaware Chancery Court on Thursday to postpone a hearing on the suit brought by hedge fund Brencourt Advisors LLC.

Interstate sought the delay so it could have more time to work out a deal over appointing the...
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