Graphics Properties Disclosure Statement Approved

Law360, New York (September 16, 2009, 7:57 PM EDT) -- Graphics Properties Holdings Inc. — formerly known as Silicon Graphics Inc. — got a green light to solicit support for its Chapter 11 plan when the court in charge of its bankruptcy proceedings approved the debtors' disclosure statement on Wednesday.

Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York signed off on an order approving Graphics Properties Holdings' disclosure statement and solicitation procedures, setting the stage for a plan confirmation hearing slated for Oct. 29.

The debtors have until Sept....
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