Standard General LP, the hedge fund that salvaged much of RadioShack 's business in a bankruptcy buyout earlier this year, is leading a list of objectors trying to block the chapter 11 plan that sets out how the former company will wrap up its final affairs, Dow Jones Daily Bankruptcy Review reported today. In court papers filed on Wednesday with the U.S. Bankruptcy Court in Wilmington, Del., Standard General, which bought the RadioShack name to use in its revival and saved more than 1,700 stores from liquidation, said the money the distressed electronic retailer has set aside to cover its final obligations is "woefully inadequate." Those obligations, Standard General says, include litigation-related expenses linked to the loans the hedge fund and other lenders made last October. Wells Fargo & Co., another lender, also objected to the plan on Wednesday.
