J.L. French Creditors Rip Into G.E. Over Default Interest
The creditors committee lodged a complaint in U.S. Bankruptcy Court for the District of Delaware in Wilmington against G.E. on Friday, and requested the bankruptcy judge scrap the interest payments, which have been accruing since before J.L. French filed for bankruptcy protection in February.
The creditors claimed that “oversecured”...
To view the full article, register now.