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Atlantic Express committee supports releases for officers, directors
By Caroline Salls
Pittsburgh, April 15 - Atlantic Express Transportation Corp. said it did not find any claims worth prosecuting against any of its present or former officers and directors as part of a committee investigation, according to an April 15 filing with the U.S. Bankruptcy Court for the Southern District of New York.
As a result, the committee said it supports proposed releases of the officers and directors included in the company's Chapter 11 plan of liquidation.
Atlantic Express, a Staten Island, N.Y.-based school bus operator, filed for bankruptcy on Nov. 4. The Chapter 11 case number is 13-13591.
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