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Del. Judge Denies Rockport Ch. 11 Deal As 'Sub Rosa' Plan

By Alex Wittenberg ( October 31, 2023, 6:15 PM EDT) -- A Delaware bankruptcy judge rejected a settlement proposed by Rockport that would create a $500,000 reserve for distribution to general unsecured creditors, saying the agreement amounted to a de facto reorganization plan, in violation of parts of the U.S. Bankruptcy Code....

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