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Cenveo Bankruptcy Objection Filed

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The U.S. Trustee assigned to the Cenveo case filed with the U.S. Bankruptcy Court an objection to Cenveo’s Disclosure Statement.

The Trustee asserts, “The Disclosure Statement should not be approved because it fails to provide creditors with sufficient information to allow them to make an informed choice as to whether to approve or reject the Debtors’ Joint Chapter 11 Plan of Reorganization (the ‘Plan’)….The Disclosure Statement should contain additional information explaining why the Plan treats two different classes as unimpaired despite the fact that under the Plan the legal rights of each such class’ members may be altered. Simply put, although the Debtors list Classes 1 and 2 as unimpaired, both classes are deemed to consent to third-party releases unless they separately opt out.”

Read more Cenveo bankruptcy news.

The post Cenveo Bankruptcy Objection Filed appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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