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Cenveo Plan Objection Filed

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The U.S. Trustee filed with the U.S. Bankruptcy Court an objection to Cenveo’s Third Amended Joint Chapter 11 Plan of Reorganization. The Trustee asserts, “The United States Trustee objects to confirmation of the Plan because the Debtors have failed to meet their burden of proof to show that the Plan meets the statutory requirements of section 1129 of the Bankruptcy Code. The Plan impermissibly seeks: Approval of incentive payments without meeting the requirements of the Bankruptcy Code that govern such payments; and an exculpation provision that does not comport with the Bankruptcy Code because it is overly broad.”

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