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Trustee Slams Rowe Cos. Disclosure Statement

Law360 (August 31, 2007, 12:00 AM EDT) -- The U.S. Trustee overseeing the contentious Chapter 11 case of The Rowe Companies has objected to the debtor's disclosure statement, saying it is overly vague and doesn't provide creditors with sufficient information about the company's assets.

On Thursday, U.S. Trustee W. Clarkson McDow, Jr. lodged his objection to the disclosure statement filed by The Rowe Cos. on Aug. 13, asking U.S. Bankruptcy Judge Steven Mitchell to deny it approval because it lacks adequate information.

McDow questioned the debtor's contention “that holders of all claims will enjoy...
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