Tom's Foods, DIP lenders, noteholders object to former employees' committee request

By Caroline Salls

Pittsburgh, Aug. 19 - Tom's Foods Inc., its debtor-in-possession lenders and ad hoc noteholders committee objected to a request by former employees to establish a special committee to represent their interests, according to a Friday filing with the U.S. Bankruptcy Court for the Middle District of Georgia.

"The appointment of a special committee is not warranted in this case and would be an unnecessary administrative drain on an already heavily burdened estate," the objection said.

"The interests of former employees in this bankruptcy case are already ably represented by the official committee of unsecured creditors."

Also, according to the objection, if the company terminates or modifies the pension plan, the interests of current and former employees will be represented by the Pension Benefit Guaranty Corp.

Tom's, a Columbus, Ga.-based snack food company, filed for bankruptcy on April 6. Its Chapter 11 case number is 05-40683.

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