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Eurotunnel Creditors Set To Discuss Plan Of Action

Law360 (July 19, 2006, 12:00 AM EDT) -- Creditors of bankrupt Eurotunnel will meet in New York this Thursday for debt restructuring talks, one week after the company shocked investors by filing for bankruptcy protection in a French court, according to published reports.

The French court is expected to rule July 25 on whether Eurotunnel is eligible for bankruptcy protection, a move fiercely opposed by creditors and bondholders, who fear they would miss interest payments if Eurotunnel receives bankruptcy protection.

Creditors and bondholders have pushed for the meeting in New York to prevent Eurotunnel...
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