Creditor Blasts 'Unfair' Reader's Digest Plan

Law360, New York (January 6, 2010, 12:50 PM EST) -- Business consulting firm and unsecured creditor Opera Solutions LLC says that The Reader's Digest Association Inc.'s pending Chapter 11 reorganization plan should be blocked because it unfairly discriminates among different classes of unsecured creditors.

In an objection filed Tuesday in the U.S. Bankruptcy Court for the Southern District of New York, Opera Solutions says that Reader's Digest failed to give an adequate rationale for placing different unsecured creditors into different classes as defined under the plan.

According to Opera Solutions, the Reader's Digest plan proposes that...
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