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

Trustee Objects To Sea Containers Reorganization

Law360 (November 12, 2008, 12:00 AM EST) -- The U.S. trustee overseeing the Chapter 11 bankruptcy proceedings of Sea Containers Ltd. has objected to the debtors' second amended joint plan of reorganization, claiming certain aspects of the plan are overly broad, inappropriate and not proposed in good faith.

In an objection filed Monday in the U.S. Bankruptcy Court for the District of Delaware, U.S. Trustee Roberta A. DeAngelis asked the court to deny confirmation of the plan on grounds that its class of proposed debtor releasees is excessively overbroad, and it contains provisions that...
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.