Calling the plan submitted to the court for confirmation a thinly veiled attempt to “hijack the potentially substantial value remaining in the Debtors’ estates for the exclusive benefit of speculators who not only purchased their PSG Common Stock after the Class Period, but many (if not most) of whom purchased after the Debtors were already in bankruptcy,” the Plumbers and Pipefitters National Pension Fund pleaded with the court to recognize that its claims were the result of securities fraud by the deposed management, and the speculators who bought the stock after Performance Sports Group had blown up should not reap ... Log in to view full article.