Trustee Objects To Sea Containers Reorganization

Law360, New York (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...
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