G+G Judge Says Creditors Can Limit Information Sharing

Law360, New York (March 10, 2006, 12:00 AM EST) -- As courts struggle to cope with the vague provision of last October’s new bankruptcy law on information-sharing, a federal judge overseeing G+G Retail Inc.'s Chapter 11 case has ruled that members of the creditors committee won't have to share confidential information with the creditors they represent.

In papers filed this week in a Manhattan court, U.S. Bankruptcy Judge Robert Drain stated that G+G’s committee will not be required to provide access to any confidential or privileged information to any creditor it represents.

“There is no legislative...
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