Qwest, Golden Gate Object To Orchard Ch. 11 Plan

Law360, New York (April 12, 2011, 7:38 PM EDT) -- Qwest Communications Co. LLC  joined private equity firm Golden Gate Capital Corp. in Delaware on Tuesday in objecting to a proposed Chapter 11 reorganization plan for several Orchard Brands Corp. subsidiaries.

Qwest said that two service contracts it had with Orchard Brands were not properly addressed by the plan, according to court documents filed in the U.S. Bankruptcy Court for the District of Delaware.

Golden Gate, Orchard Brands’ controlling shareholder, objected to the plan Friday. The plan is scheduled for a confirmation hearing on Thursday....
To view the full article, register now.