Some large creditors of bankrupt Bang Energy are seeking to form their own committee to represent them in the energy drink company’s Chapter 11 case, frustrated that their claims aren’t sufficiently being addressed.
The six largest “non-trade” creditors have about $853 million in claims, according to a motion filed Sunday by a group of creditors, including Monster Energy, the American Bottling Company Inc. and Sony Music Entertainment.
That’s about 12 times more than the claims submitted by trade creditors, who make up a majority of the official creditors committee, according to the motion in the US Bankruptcy Court for the ...