Debtor Opposes, United States Backs Probe Of Owens-Illinois’ Corporate Restructuring

Mealey's (March 11, 2020, 11:52 AM EDT) -- WILMINGTON, Del. — An examiner is not needed to investigate the corporate restructuring of Owens-Illinois and resulting Chapter 11 filing of an affiliate to deal with all asbestos and environmental liabilities because the debtor’s asbestos disease creditors are already looking into the transactions, making another probe a waste of time and money, the debtor argues in a March 9 objection in Delaware federal bankruptcy court (In re Paddock Enterprises, LLC, No. 20-10028, D. Del. Bkcy.)....