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Lienholders And Debtors Spar In M&G Ch. 11 Case

Law360, New York (December 5, 2017, 4:52 PM EST) -- M&G USA Corp.’s $1.7 billion Chapter 11 in Delaware bankruptcy court took a new turn Monday as an ad hoc group of construction lienholders vehemently opposed the debtors' attempts to force them to file additional info, and unsecured creditors fought back against a proposed statutory committee for those lienholders.

M&G, a plastic resin supplier, filed a motion late last month that would force construction lienholders to file proofs of claim along with extensive supporting materials by Jan. 15 or see their liens tossed. Those lienholders hold...
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