Sea Containers Wins Extension To Pitch Pension Pact

Law360, New York (February 26, 2008, 12:00 AM EST) -- The court overseeing Sea Containers Ltd.'s bankruptcy proceedings has extended the company's exclusive rights to file and lobby for support of a reorganization plan, after Sea Containers asked for more time to seek court approval for a settlement regarding its pension liabilities and to mollify bondholders who might oppose the deal.

U.S. Bankruptcy Judge Kevin J. Carey signed off Monday on an order granting Sea Containers' Feb. 6 extension bid — its fifth in the case so far — and extending Sea Containers' exclusive filing and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.