Performance Sports, Pension Fund Spar Over Class Claim – Law360

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Law360, Wilmington (October 16, 2017, 9:13 PM EDT) -- Bankrupt athletic equipment maker Performance Sports Group argued Monday in Delaware to disallow a potential class claim from a pension fund that alleges company brass misled investors about the company’s financial performance and business plans before a restatement of its finances in 2016.

During a hearing in Wilmington, Performance Sports attorney Alice Belisle Eaton of Paul Weiss Rifkind Wharton & Garrison LLP told the court the debtor’s Chapter 11 plan relies on a settlement reached with the case’s two officially appointed committees that will allow unsecured...

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