Winn Dixie Equity Committee Disbanded

Law360, New York (January 17, 2006, 12:00 AM EST) -- Shareholders of grocery store chain Winn-Dixie will no longer have a say in the struggling company’s bankruptcy proceedings after a judge disbanded the equity committee in Winn-Dixie’s Chapter 11 case.

The case’s U.S. Trustee officially disbanded the Equity Securities Committee last week in a decision that was later upheld by a bankruptcy court judge in Florida.

The process to remove the equity committee was set in motion by Winn-Dixie’s unsecured creditors, who argued that shareholders sitting on the committee would have access to sensitive inside information...
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