Rock US Investors Blast Prepack Ch. 11 Plan

Law360, New York (September 24, 2010, 5:53 PM EDT) -- Two former U.S. executives of Rock US Holdings Inc. are fighting the Chapter 11 reorganization plan of the real estate company and three other affiliates of insolvent U.K. parent Rock Joint Ventures Ltd., arguing the proposal includes unlawful liability releases.

Scott Pudalov and Alan Wildes said in a preliminary objection filed Thursday in the U.S. Bankruptcy Court for the District of Delaware that the prepacked plan would prevent them from pursuing claims in a separate lawsuit they filed against the company, Rock JV administrators and HBOS...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.