London Fog Committee Demands Code Clarification

Law360, New York (May 4, 2006, 12:00 AM EDT) -- In a move that hints at cracks in new provisions to the Bankruptcy Code, London Fog Group Inc.’s committee of unsecured creditors is seeking clarification from a federal bankruptcy judge over a provision that compels committees to disclose information to the creditors they represent.

The famed rainwear maker’s committee filed the request in U.S. Bankruptcy Court in Las Vegas on Wednesday, asking the court to further define the “access to information” concept laid out by the new law.

The Bankruptcy Abuse Prevention and Consumer Protection Act,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.