Coldwater Creek Rips Committee's Bid To End Exclusivity

Law360, Wilmington (July 3, 2014, 8:20 PM EDT) -- Bankrupt clothier Coldwater Creek Inc. on Thursday blasted a bid by unsecured creditors to terminate the exclusivity period and submit a competing Chapter 11 plan, claiming it would result in to unnecessary costs and confusion.

Coldwater Creek contends the motion should be rejected because the official committee of unsecured creditors has no grounds for ending the statutory exclusivity period and seeks only to file a “nearly identical plan” that removes aspects of the debtors’ Chapter 11 plan which it opposes, according to an objection filed in...
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