Interstate Bakeries Seeks More Time To Appoint Board

Law360, New York (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...
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.