J.L. French Lenders Angered By Disclosure Statement

Law360, New York (May 9, 2006, 12:00 AM EDT) -- J.L. French cannot avoid feuding with various groups of creditors involved in its Chapter 11 proceedings. Just one week after settling a spat with creditors, the bankrupt auto parts maker has raised the ire of its first-lien lenders, including General Electric Capital Corp.

GE and several other lenders have objected to J.L. French’s reorganization disclosure statement, released last week after a group of creditors objected to a proposed stock offering by the parts maker.

But while the statement appeased the angry creditors, the first-lien lenders have...
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