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CIBER Creditors Warn Of Uneven Recoveries In Del. Ch. 11

Law360, Wilmington (December 1, 2017, 9:27 PM EST) -- Unsecured creditors of bankrupt information technology company CIBER Inc. objected Friday to the confirmation of the company’s Chapter 11 plan in Delaware federal court, alleging inadequate disclosures of plan details and impermissible, disparate treatment of creditors.

The objection targeted CMTSU Liquidation Inc., the name that Ciber assumed for the distribution of cash and remnants of the estate after a $93 million asset sale in May.

In two court filings, the committee of unsecured creditors and SAP America Inc. challenged CMTSU’s calculation and solicitation of votes for...
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