Dean Foods Shareholders Ask For Ch. 11 Committee
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They initially asked for this back in December. Really means nothing to employees and if established the Committee would have the lowest priority say in anything that happens. Lawyers assigned to the Committee are the only ones who will get anything substantial out of it.
read the court document you will understand more, it is very relevant to the process.
The stock is worth something if Dean emerges from Chapter 11 with a viable plan.
Under Chapter 7, stockholders would receive a proportionate share of any money left after the creditors are paid. This usually means the stockholder gets nothing because the assets are much less valuable than the debts.
Houston is an area favorable to companies rather than creditors and stockholders.
Maybe to make sure they get little more than nothing LMAO
And what is the relevance of this???