Collins & Aikman Ex-Execs Fight Bid For Stay

Law360, New York (July 18, 2007, 12:00 AM EDT) -- Several former executives of bankrupt Collins & Aikman are fighting a bid by the government for a stay of discovery in a case accusing them of orchestrating a scheme to mislead the company’s investors and lenders, arguing that the request is “premature and overbroad.”

Attorneys for defendants Paul Barnaba, David Stockman, J. Michael Stepp and David Cosgrove said in separate objections filed Tuesday that U.S. District Judge Loretta A. Preska should deny a request for a discovery stay by the office of the U.S. Attorney for...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.