Investors with money tied up in the imploded real estate investment company LeFever Mattson have overwhelmingly approved the liquidation plan presented in its Chapter 11 bankruptcy case, even as several parties have filed objections aimed at stopping the plan from moving forward.
The ballot results, and a hardening standoff with a splinter group of investors, are the latest turns in bankruptcy proceedings tied to two companies formerly controlled by indicted Sonoma Valley financial adviser Ken Mattson.
The creditors committee representing investors of LeFever Mattson and KS Mattson Partners, along with those now in charge of the companies, filed an initial liquidation plan in October. Terms have been updated twice since then.