Excel Maritime Win Subpoena Of Creditors' Financial Docs

Law360, New York (August 21, 2013, 4:40 PM EDT) -- A New York bankruptcy judge on Tuesday granted Excel Maritime Carriers Ltd.'s request to subpoena a group of unsecured creditors that contend it is worth more than it claims and should provide them greater recovery.

 IInvestment advisory firms and unsecured creditors Zazove Associates LLC, Silverback Asset Management LLC and Kayne Anderson Capital Advisors LP must now turn over the financial documents they relied on to support their claim within a week of being served the subpoenas, according to U.S. Bankruptcy Judge Robert D. Drain’s order....
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