We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Shareholders Want More Say As Foamex Soars

Law360 (May 11, 2006, 12:00 AM EDT) -- One of the largest shareholders of bankrupt foam-cushion manufacturer Foamex International Inc. is seeking a seat at the bargaining table after an unexpected reversal of fortune turned Foamex stock into a hot commodity.

D.E. Shaw Laminar Portfolios LLC, which owns a significant amount of Foamex’s common and preferred stock, filed a motion to compel the U.S. Trustee in the case to appoint an Official Committee of Equity Security Holders.

Since the company filed its reorganization plan—a plan that would have cancelled all equity interests and distributed...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.