Smurfit Unit's Creditors Seek Conversion To Ch. 7

Law360, New York (January 13, 2010, 6:18 PM EST) -- Creditors of a bankrupt subsidiary of Smurfit-Stone Container Enterprises Inc. are urging a court to convert the case from a Chapter 11 to a Chapter 7, saying the attorneys representing the debtors, as well as company executives, carry conflicts of interest that make a fair reorganization impossible.

Aurelius Capital Management LP and Columbus Hill Capital Management LP, managers of funds that hold more than 60 percent of the senior notes in Smurfit subsidiary Stone Container Finance Co. of Canada II, or Finance II, lodged a motion...
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