WPS Creditors Battle At Deadline

Felgner, Brent
June 2005
Home Textiles Today;6/6/2005, Vol. 26 Issue 38, p1
Trade Publication
The article focuses on legal issues related to the bid deadline in the WestPoint Stevens Inc.'s auction. The two leading contenders for the bankrupt mill remain mired in a contentious legal battle challenging one another's rights and standing to prevail or, for that matter. even participate in the asset sale. In the meantime, legal papers are flying in all directions. Unless those disputes can be resolved quickly and amicably, the possibility of a successful sale within a Chapter 11 voluntary reorganization plan could be in jeopardy.


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