Oneida’s Bankruptcy Plan Opposed
In filing an objection Friday with the U.S. Bankruptcy Court in Manhattan, the committee of shareholders accused Oneida of bargaining in bad faith and of stocking the board of directors with individuals hostile to its position.
“[We] were intentionally excluded from the bargaining, and, not surprisingly, the pre-negotiated plan bares the hallmarks of inside negotiations,” the shareholders said in court filings.
They were especially...
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