Judge OKs Extension Of Tricom Reorganization Plan

Law360, New York (August 15, 2008, 12:00 AM EDT) -- A bankruptcy judge has given Tricom SA an additional 120 days to obtain approval of its Chapter 11 reorganization plan after the telecommunications company argued for the extension amid allegations that the company stole $120 million from Bancredit Cayman Ltd.

In an order signed Aug. 13 in the U.S. Bankruptcy Court for the Southern District of New York, Judge Stuart M. Bernstein agreed to give Tricom until Dec. 31 to amend or modify its plan, which may require a resolicitation of acceptances from creditors in light...
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