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St. Vincent Trustee Objects To Disclosure Statement

Law360 (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...
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