Emailjanum, in a completely OT post, Drain just got assigned to the A&P bankruptcy case. There are two big shareholders in there, Burkle (owns both debt + 25% shares), and a German family grocer Tengelmann who owns 40% and have had a stake since 1979. Furthermore, these two bailed A&P out of BK last year by providing 115mm financing in the form of convertible preferred stock. Both said they were satisfied with A&P heading into bk, maybe we need to check this out closer even though they filed as insolvent....
Drain is a high-profile jurist in the world of big business who presided over the Refco bankruptcy. In the Delphi case, he's carved out a reputation of looking out for shareholders (need looking out for), creditors (plenty of these), and tens of thousands of hourly workers(A&P has unions, workers probably own shares), most of whom were bought out for comparative chump change. Attorneys representing these interests will be citing Drain's words for years to come."