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M. Fabrikant Creditors Cry Foul At Expungement Bid

Law360 (December 4, 2007, 12:00 AM EST) -- With a confirmation hearing only two weeks away, a group of M. Fabrikant & Sons Inc.'s creditors has charged the general unsecured creditors committee with attempting to purposely leave them out of the voting process on the bankrupt diamond wholesaler's Chapter 11 liquidation plan.

On Monday, the so-called Alpha creditors protested an objection filed earlier by the committee, with the latter group seeking to disallow the claims of the former due to a few insiders allegedly receiving avoidable transfers.

“The objection was filed without even the...
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