Judge Urged To Deny Wachovia's Musicland Protest

Law360, New York (July 3, 2007, 12:00 AM EDT) -- A committee of trade vendors has accused Wachovia Bank NA of raising a pointless objection to Musicland Holdings Corp.'s bankruptcy plan, leading to the squandering of thousands of dollars that still need to be distributed in the entertainment giant's case.

On Monday, the informal committee of trade vendors urged the court to overrule Wachovia's objection to Musicland's distribution scheme, protesting the move as an “eleventh hour” tactic, according to court documents.

“Wachovia seeks to prosecute an objection to confirmation it filed five months after the plan...
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