"I can only conclude that your clients [waited] until now to try and cause the maximum pain," Glenn said. Helen Davis Chaitman, the Becker & Poliakoff partner who brought the objection on behalf of Fawbush and Sandza, did not appear in court Wednesday.
Dewey's advisers, including lawyers from Togut, Segal & Segal and restructuring advisers at Zolfo Cooper, as well as others involved in the bankruptcy, appeared eager to move on to next week's hearing and, ultimately, confirmation of the Chapter 11 plan.
"Let's not let this train come off the tracks," Kramer Levin Naftalis & Frankel partner Robert Schmidt, counsel for lead Dewey lender JPMorgan Chase, said during Wednesday's hearing. Other creditors eligible to vote on Dewey's Chapter 11 plan seem to agree. As of a Tuesday, 100 percent of 19 secured creditors and more than 91 percent of 208 other creditors have voted to accept the plan.
In what is proving to be busy week for the Dewey bankruptcy, another hearing is set for Thursday morning to review objections the Dewey estate has raised to claims filed by dozens of would-be creditors.