Bankrupt Edgenet Seeks To Sink Bid For Official Committee

Law360, Wilmington (March 5, 2014, 8:52 PM EST) -- Data technology company Edgenet Inc. urged a Delaware bankruptcy judge Wednesday to reject a call by noteholders for an official committee, saying the appointment would run up additional costs on behalf of a group that already has a voice in the Chapter 11 case.

The noteholders — a group of 24 former Edgenet shareholders who received $20 million in promissory notes when the company was acquired a decade ago — are currently represented by Ernest H. Wu, who holds a role referred to in court documents...
To view the full article, register now.




Case Information

Case Title

EI Wind Down, Inc.

Case Number




Nature of Suit

Date Filed

January 13, 2014

Law Firms


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.