Pennies on the dollar
June 29th, 2009 by Derrick DePledge
Hawaii Superferry filed an objection today in U.S. Bankruptcy Court in Delaware to the state of Hawai’i’s request that the case be transferred to the Islands.
Attorneys for Superferry argue that the major secured creditors -- the federal Maritime Administration and Guggenheim Corporate Funding -- prefer that the case remain in Delaware.
The filing is interesting for its tone...[Click on Pennies to see rest of Derrick's post]
Derrick quotes from the filing today to give a sense of the tone.