Savient's Unsecured Creditors Blast Cash-Collateral Motion

Savient's Unsecured Creditors Blast Cash-Collateral Motion

Unsecured creditors blasted Savient Pharmaceuticals Inc.'s plan to fund its stay in Chapter 11, saying its proposed cash-collateral motion provides secured bondholders with large and unnecessary payments but brings the drugmaker little in return. ...read more

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