NewPage Creditors Blast Effort To Block $2B Buyout Probe

Law360, New York (April 23, 2012, 8:54 PM EDT) -- NewPage Corp.'s unsecured creditors blasted efforts by the Bank of New York Mellon Corp. and others Monday to block their request for extra time to investigate the company's $1.7 billion leveraged buyout of another paper manufacturer in 2007, which they say may have left NewPage insolvent.

The official committee of unsecured creditors argues that BNY Mellon and the Ad Hoc First Lien Noteholders — who objected to the creditors' request to extend until May 18 the deadline to decide whether to challenge the claims of lenders...
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