Freedom Paper Carriers Drop Ch. 11 Plan Appeal

Law360, New York (May 5, 2010, 4:45 PM EDT) -- Newspaper carriers for California's Orange County Register have dropped their protest against the Freedom Communications Inc. Chapter 11 plan after reaching a settlement with the debtor that will protect some of their unsecured claims.

Judge Sue L. Robinson of the U.S. District Court for the District of Delaware on Tuesday signed off on a joint motion for dismissal of the paper carriers' appeal of a bankruptcy court order authorizing the debtor's use of cash collateral for the payment of interest, fees and compensation to prepetition lenders....
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