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Response to Sophiegirl (Original post)

Mon Nov 19, 2012, 04:56 PM

1. Look at the LAST two paragraphs of this piece.

I mean, I've seen burying the lede before, but this is an ASTOUNDING example:

The U.S. trustee, a Justice Department official responsible for protecting creditors, today asked Drain to take control of the liquidation away from the company. U.S. Trustee Tracy Hope Davis asked the judge to convert the case to a Chapter 7 from Chapter 11 bankruptcy, based partly on the company’s intent to pay bonuses, and appoint a trustee to supervise the wind-down.

Hostess officials “have not demonstrated that the insider bonuses are permissible,” Davis wrote in a court filing. They also “improperly seek to exculpate and indemnify their management from past and future liabilities” and want to “cherry-pick which administrative claims get paid.”

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Replies to this discussion thread
Arrow 6 replies Author Time Post
Sophiegirl Nov 2012 OP
LineNew Reply Look at the LAST two paragraphs of this piece.
Robb Nov 2012 #1
bluesbassman Nov 2012 #2
freshwest Nov 2012 #3
SoapBox Nov 2012 #4
BlueStreak Nov 2012 #5
dipsydoodle Nov 2012 #6
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