InvestorsHub Logo
Followers 0
Posts 51
Boards Moderated 0
Alias Born 03/20/2012

Re: None

Monday, 06/18/2012 1:08:43 PM

Monday, June 18, 2012 1:08:43 PM

Post# of 1626
An ugly mess...

Will remain an ugly mess, and perhaps get uglier:

Entire document available here: http://www.gcginc.com/cases/sdt/pdflib/5...

PRELIMINARY STATEMENT
1. As set forth in paragraph 12, infra, Lead Plaintiffs object to the adequacy of the Disclosure Statement on several grounds for not containing sufficient information as required under Section 1125(a) of the Bankruptcy Code. Lead Plaintiffs further object to the extent the Plan provides for impermissible non-debtor releases which may render the Plan unconfirmable.

CONCLUSION
40. Based on the foregoing, Lead Plaintiffs respectfully request that an Order be entered (i) denying approval of (a) the Disclosure Statement and (b) the voting and solicitation procedures; and (ii) granting such other and further relief as the Court deems just and proper.

The bottom line - your shares are worthless. Find another bag holder.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.