DBSD Disclosure Statement Wins Court Approval

Law360, New York (July 28, 2009, 5:36 PM EDT) -- A bankruptcy judge has approved the adequacy of ICO Global Communications Holdings Ltd. subsidiary DBSD North America Inc.'s disclosure statement, setting the stage for the company to possibly exit Chapter 11 in September.

In an order Monday, Judge Robert Gerber of the U.S. Bankruptcy Court for the Southern District of New York set DBSD's reorganization plan objection deadline for Aug. 24 and the confirmation hearing for Sept. 9.

According to the disclosure statement, creditors allowed to vote include those holding prepetition facility claims, who should have...
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