Syms Equity Holders Committee: Examiner For D&O Claims Not Needed; Power Limited

Syms Equity Holders Committee: Examiner For D&O Claims Not Needed; Power Limited

WILMINGTON, Del. - The Official Committee of Equity Security Holders in bankrupt Syms Corp. on April 25 filed a brief in the U.S. Bankruptcy Court for the District of Delaware objecting to Syms' motion for appointment of an examiner to investigate potential estate causes of action related to the company's directors and officers, contending that the examiner's report will be of no value (In Re: Filene's Basement LLC, No. 11-13511, Chapter 11, D. Del. Bkcy.).

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