Sea Containers Creditors Call For Settlement Probe

Law360, New York (March 24, 2008, 12:00 AM EDT) -- Sea Containers Ltd.'s official committee of unsecured creditors has asked the court overseeing the company's Chapter 11 proceedings for permission to retain a consultant to evaluate a multimillion-dollar settlement with two pension plans, despite Sea Containers' opposition.

On Friday, the unsecured creditors committee appointed in the Sea Containers Ltd. and Sea Containers Caribbean Inc. cases filed a reply to Sea Containers' objection to the committee's application to retain Navigant Inc..

The reply accused the proponents of the settlement of failing to provide any insight into the...
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