Meridian Trustee Opposes Vacating Order

Law360, New York (December 18, 2007, 12:00 AM EST) -- The litigation trustee in the recently reopened bankruptcy case of Meridian Automotive Systems Inc. has objected to a settlement reached between the auto parts maker and one of its vendors, arguing that it will result in no direct benefit to the company's creditors.

In an objection filed on Monday in the U.S. Bankruptcy Court for the District of Delaware, the Mas Litigation Trust and trustee Ocean Ridge Capital Advisors LLC petitioned against a settlement reached between Meridian and vendor Plastech Engineered Products Inc. that would necessitate...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.