St. Vincent Trustee Objects To Disclosure Statement

Law360, New York (May 14, 2007, 12:00 AM EDT) -- A U.S. Trustee has urged a bankruptcy court to deny approval of St. Vincent Catholic Medical Center's disclosure statement, arguing in court documents Friday that the bankrupt health care system’s statement is “deficient."

Diana G. Adams, the U.S. Trustee overseeing St. Vincent’s Chapter 11 proceedings, said in an objection filed Friday in the U.S. Bankruptcy Court for the Southern District of New York that the company’s disclosure statement omits relevant and essential information about the debtors' present and future financial condition.

Adams pointed out that two...
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.