Thursday, October 8, 2009

Bender creditors file complaint

MOBILE, Ala. - Bender Shipbuilding's unsecured creditors are worried over the shipyard's plan to sell most of its Mobile assets, alleging that Bender is pursuing a deal that favors management and would likely leave creditors out in the cold. The Official Committee of Unsecured Creditors late Tuesday filed a limited objection. (Source: Mobile Press-Register, 10/08/09)