Woodside Group Gets Disclosure Statement Approved

Law360, New York (July 13, 2009, 12:00 AM EDT) -- Woodside Group LLC's disclosure statement has been approved by the court overseeing its Chapter 11 proceedings, giving the homebuilder a green light to solicit votes on its restructuring plan and setting the stage for an Oct. 2 plan confirmation hearing.

Judge Peter Carroll of the U.S. Bankruptcy Court for the Central District of California signed off on an order on Friday approving Woodside's second amended disclosure statement, and holding that the disclosure statement contained adequate information to allow creditors to make informed judgments about the plan....
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