LBI Media – TMI and Cowen Object to Disclosure Statement, Argue Insufficient Information (and TMI’s Blocking Position in Class 6) Leaves Plan Unconfirmable

January 8, 2019 – TMI Trust Company (“TMI”), in its capacity as trustee for the Debtors’ 11% Senior PIK Toggle Notes due April 30, 2022 (the “PIK Notes”), filed an objection [Docket No. 283] to the Debtors’ Disclosure Statement [Docket No. 278]. Cowen and Company, LLC joined TMI in its objection [Docket No. 284]. TMI…