Lambert Brussels Associates Ltd. Partnership v. Drexel Burnham Lambert Group, Inc. (In Re Drexel Burnham Lambert Group, Inc.)
District Court, S.D. New York
1Opinion of the Court
MILTON POLLACK, Senior District Judge.
Lambert Brussels Associates Limited Partnership (“LBA”), a common and junior preferred stockholder in Drexel Burnham Lambert Group, objects to the confirmation of the Second Amended and Restated Joint Plan of Reorganization of the Debtors (“Plan”) because a claimant class, Drexel Burnham Lambert Group Class 6C, that will share in the distributions as a quasi-creditor class was not subordinated to the level of common stock, and the distributions of Plan securities thus unfairly discriminates against the interest of equity common stockholders.
Although the…
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- In Re Toy & Sports Warehouse, Inc.United States Bankruptcy Court, S.D. New York · 1984
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