Reuters: Bankruptcy News: Spain's Pescanova appeals court decision to suspend board

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Spain's Pescanova appeals court decision to suspend board Apr 29th 2013, 16:45 MADRID, April 29 | Mon Apr 29, 2013 12:45pm EDT MADRID, April 29 (Reuters) - Spanish fishing company Pescanova said on Monday it had appealed a court decision to remove the firm's board of directors as part of insolvency proceedings. The Pontevedra mercantile court in Galicia, where Pescanova is based, accepted the company's insolvency petition last week, ordered the board of directors to stand down and proposed Deloitte as the firm's administrator. (Reporting by Andres Gonzalez; Writing by Clare Kane; editing by Jane Baird)

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