In re G & C Foundry Co.
Oct
09
2008
Ruling
Court refused to strike union's ballot in favor of debtor's plan even though preventing acceptance of competing plan.
Procedural posture
In a chapter 11 case, two competing liquidation plans were presented, one by the debtor and one by the Official Committee of Unsecured Creditors (Creditors' Committee). The Creditors' Committee sought an order pursuant to 11 U.S.C.S. § 1126(c) striking the plan ballot of a union that accepted the debtor's plan.
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Court
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