District council of the Japanese American Citizens League.
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He delayed PSW's planned auction from Aug. 25.
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Cross responded that PSW had no such right.
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That will tell the real tale for the sector, said Phil Davis, chief executive of PSW Investments.
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But in an Aug. 27 court filing, PSW said such an auction could wipe out its investment.
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The trustees countered on Tuesday that "in every relevant respect," the senior lenders have greater rights than PSW.