Werners Protest Creditors Liquidation Plan

Law360 (October 18, 2007, 12:00 AM EDT) -- Two members of the founding family behind Werner Holding Co. Inc. are urging the bankruptcy judge to deny the second amended liquidation plan put forth by the unsecured creditors committee, blasting the proposal as a misguided attempt to circumvent the Bankruptcy Code.

On Tuesday, former employees Eric and Craig Werner filed their objection in the U.S. Bankruptcy Court for the District of Delaware, expressing particular concern over the committee's intention to consolidate the bankrupt ladder maker's various estates.

“While the disclosure statement recites the standard for...
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