Allied Shareholders Fail To Delay Hearing

Law360, New York (May 11, 2007, 12:00 AM EDT) -- The confirmation hearing for bankrupt trucking company Allied Holdings will proceed on schedule, despite the efforts of two of the company’s shareholders.

Judge C. Ray Mullins of the U.S. Bankruptcy Court for the Northern District of Georgia on Thursday denied an objection filed by Virtus Capital LP and Hawk Opportunity Fund L.P that would have postponed the hearing, scheduled for May 11.

At the hearing, which concluded today, Mullins approved the second amended joint plan of reorganization.

Virtus and Hawk own a combined 742,000 shares—slightly more...
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.