Malden Mills Loses Bid To Keep Ch 11 In Delaware

Law360 (January 16, 2007, 12:00 AM EST) -- Attorneys for twice bankrupt textiles maker Malden Mills Industries Inc. have been dealt a blow in their first week of hearings after a judge in Massachusetts took over the company’s carefully planned Chapter 11 filing in Delaware.

Massachusetts Judge Joel B. Rosenthal on Friday granted a motion by Malden Mills' creditors to vacate an earlier order that had closed proceedings there, which began when the company filed its first bankruptcy in November 2001.

At the same time, in an order transferring the new bankruptcy to Massachusetts,...
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