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JACKSONVILLE, Fla. (AP) - Shareholders of supermarket chain Winn-Dixie Stores Inc. will likely lose most of their investment in the company after a federal bankruptcy judge denied a motion to reappoint a committee representing their interests.
The reasons for the denial of a motion seeking reappointment of the committee were unavailable because U.S. District Bankruptcy Judge Jerry A. Funk filed his order under seal Tuesday.
In August, U.S. Trustee Felicia Turner appointed a committee to represent shareholders' interest, but then filed a motion to disband the committee last month after creditors argued it was not needed.
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