Creditors Want Ch. 11 Trustee For NJ Defense Contractor

By Yun Park (February 13, 2024, 8:57 PM EST) -- Creditors of bankrupt defense contractor Marine Electric Systems Inc. asked a New Jersey court to appoint a Chapter 11 trustee, saying that one is needed to counter the "gross mismanagement" by the company's CEO and to save the company "from falling further into chaos and debt."...

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