Bid For TLC Vision Equity Committee Shot Down

Law360, New York (March 9, 2010, 12:56 PM EST) -- In the face of major opposition from creditors and debtors, shareholders of TLC Vision Corp. have lost their bid to create an equity committee to represent their interests in the laser vision correction company’s bankruptcy case.

Judge Kevin Goss in the U.S. Bankruptcy Court for the District of Delaware denied the shareholder motion on Tuesday from the bench, according to minutes filed with the court. Judge Gross is to issue a written opinion later, the minutes said.

Debtors and debtors-in-possession laid out their objections in a...
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