Tuesday, May 13, 2014

"Genco Shipping equity panel seeks to delay plan hearing by 45 days"


"In its motion seeking to delay the disclosure-statement/plan-confirmation hearing, the equity committee said it needed 'a reasonable amount of time' to assess the company’s enterprise value, conduct discovery, engage in discussions with the company, and 'investigate alternative restructuring transactions.' The panel added that it would also require time to 'prepare for a contested disclosure statement and confirmation hearing.'"
Give them an inch...

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