Werner Seeks Milder Approach To Benefits Halt

Law360, New York (September 10, 2007, 12:00 AM EDT) -- Hoping to soften the blow to some former officers and directors, bankrupt Werner Holdings Co. is seeking a modification of the unsecured creditors' recent proposal that the ladder maker stop bankrolling the medical insurance for these individuals altogether.

On Friday, Werner filed its limited objection in the U.S. District Court for the District of Delaware, two weeks after the official committee of unsecured creditors first filed its cease-and-desist request regarding the health insurance.

“The Werner group does not oppose the committee's request that the medical coverage...
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