Law360, New York (November 04, 2009) -- Bankrupt satellite operator ProtoStar Ltd.’s creditors are objecting to the debtor’s proposed $210 million asset sale to Intelsat Subsidiary Holding Co., arguing that ProtoStar passed up a better bid from Eutelsat America Corp.
The official committee of unsecured creditors lodged the objection Tuesday in the U.S. Bankruptcy Court of Delaware, arguing that though the dollar amount of the bid from Eutelsat was lower...
