Ex-Execs Fight Quiznos Ch. 11 Plan Over Debtors' Bid To Sue

Law360, Los Angeles (April 30, 2014, 9:56 PM EDT) -- A group of former executives for Quiznos sandwich chain owner QCE Finance LLC on Tuesday fought the company's Chapter 11 plan, objecting that it includes illegal debtor plans to sue them over claims that they had deceptively lured investors during a previous restructuring.

The executives filed an objection to the QCE’s disclosure statement and reorganization plan, saying they left before or upon closing an out-of-court restructuring deal in 2012. As part of the deal, they gave up equity and contractual benefits and received a covenant not...
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