Syms, Filene's Creditors Can't Disband Equity Committee

Law360, New York (January 27, 2012, 4:41 PM EST) -- A Delaware bankruptcy judge on Thursday refused to disband the committee representing equity holders in the Syms Corp. and Filene's Basement LLC bankruptcy despite requests by unsecured creditors who said the group was unnecessary because managers and directors own so much Syms stock.

U.S. Bankruptcy Judge Kevin J. Carey denied without prejudice a motion by the official committee of unsecured creditors to break up the official committee of equity security holders and adjourned until March 7 a hearing on the creditors' request to limit the scope...
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Case Information

Case Title

Filene's Basement, LLC


Case Number

1:11-bk-13511

Court

Delaware

Nature of Suit

Date Filed

November 2, 2011

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