Judge Grants More Time To Warring Werner Parties

Law360, New York (March 21, 2007, 12:00 AM EDT) -- After numerous extensions, a federal bankruptcy judge has set aside another few weeks for Werner Co.’s financial advisor and the ladder maker’s unsecured-creditors committee to put an end to the feud that erupted over a $1.39 million fee payment.

On Monday, U.S. Bankruptcy Judge Kevin Carey gave the parties until April 10 to finalize a settlement after both sides revealed that they were nearing a resolution.

"Appearing that the relief requested is in the best interests of the above-captioned debtors and debtors-in-possession, their estates and creditors,...
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.