US Trustee Slams Releases In Graceway Ch. 11 Plan
In an objection to the plan lodged in Delaware bankruptcy court, U.S. Trustee Roberta DeAngelis took aim at releases shielding a host of nondebtor parties from creditor claims — including Graceway’s officers and directors, members of the unsecured creditors committee, the trustee overseeing the company’s liquidation and certain lenders, among others.
These third-party releases run...
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