Fellow Creditors Slam Yucaipa's Role In Allied Systems Ch. 11

Law360, Wilmington (November 2, 2012, 4:41 PM EDT) -- Creditors of Allied Systems Holdings Inc. launched an omnibus objection in Delaware bankruptcy court Thursday claiming a trifecta of the debtors' recent pleadings are part of a continued attempt by private equity firm Yucaipa Cos. LLC to manipulate the car hauler's fate.

Lodged by units of the same PE firms whose involuntary petition spurred Allied and its affiliates to seek court protection in June, the objection takes issue with three motions filed Oct. 18 that seek to extend the automatic stay, modify the terms of the...
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