Winn-Dixie Shareholders Booted From Committee

Law360, New York (February 8, 2006, 12:00 AM EST) -- A bankruptcy judge has dashed the hopes of shareholders in bankrupt Winn-Dixie Stores Inc. after denying a motion to reappoint a committee representing the shareholders' interest in the Chapter 11 case.

Judge Jerry A. Funk filed the order under seal at the U.S. Bankruptcy Court for the Middle District of Florida. The decision finalized a move set in motion in August 2005 by the creditors committee, which feared the shareholders might misuse sensitive information about the company’s finances and reorganization strategy.

Equity committees are often appointed...
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