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Re: None

Sunday, 09/13/2009 6:32:25 PM

Sunday, September 13, 2009 6:32:25 PM

Post# of 67237
Will shareholders receive a summary of what's in the POR before it is filed? I know that shareholders often do not get the right to vote on the POR, but it's my understanding that we should receive a summary of what's contained in the POR prior to being filed with the court?
The chapter 11 plan classifies claims against the debtor, specifies the treatment to be given each class of claim, and provides the means for carrying out the plan. As a shareholder don't we have the right to know what's in the POR and how Chemtura plans to handle the different claims creditors have filed against them, even though we may not have the right to vote on it? Also, a shareholders committee has not yet been established, why? I thought that one of the roles of the SEC in chapter 11 cases was protect the rights of the shareholder by establishing a committee for them?
















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