Issue link: https://mbozikis.ufcontent.com/i/1422521
151 continuance of such business, and any other matter relevant to the case or to the formulation of a plan; (iii) participating in the formulation of a plan, advising the creditors represented by such committee of such committee's determinations as to any plan formulated, and collecting and filing with the court acceptances or rejections of a plan; (iv) requesting the appointment of a trustee or examiner under Section 1104 of the Bankruptcy Code; and (v) performing such other services as are in the interest of the creditors represented by such committee. 11 U.S.C. § 1103(c). The committee also has a duty to provide the class of creditors which it represents with access to information and to solicit and receive comments from those creditors. 11 U.S.C. § 1102(b)(3). Additionally, a creditors' committee, like a trustee, is held to certain fiduciary standards. See In re Smart World Techs., LLC, 423 F.3d 166, 175 n.12 (2d Cir. 2005) ("A creditors' committee owes a fiduciary duty to the class it represents, but not to the debtor, other classes of creditors, or the estate."). E. Plan Solicitation and Disclosure Statement As will be discussed in more detail below, certain of the requirements for confirmation (or approval) of a Chapter 11 plan focus on whether or not the different classes of creditors and equity interest holders support the plan. Before a creditor or equity interest holder is entitled to vote on a plan, however, the plan proponent must solicit their votes by providing them with certain court-approved materials. 1. Plan Solicitation and Disclosure Statement Acceptance or rejection of a plan may not be solicited postpetition from the holder of a claim or interest unless prior to

