Syms Revises Ch. 11 Plan, Rebuffs Creditor Objections
Last week, the U.S. Trustee objected to the plan over an exculpation provision protecting CEO and controlling shareholder Marcy Syms, while creditors led by buyout company ASM Capital LP cried foul because the plan did not pay post-petition interest on their claims.
The plan would reorganize Syms...
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