Fred Leighton Ch. 11 Plan Confirmed

By Ben James

Law360, New York (November 11, 2009, 1:45 PM ET) -- The judge overseeing Fred Leighton Holdings Inc.'s bankruptcy proceedings confirmed the jeweler's amended Chapter 11 plan a week after greenlighting the $26 million sale of Fred Leighton Holding's business operations to a group of investors.

Judge Robert Drain of the U.S. Bankruptcy Court for the Southern District of New York gave the plan his blessing in an order bearing Monday's date, and noted that the plan resulted from extensive negotiations between the debtors, plan proponent and secured creditor Merrill Lynch Mortgage Capital Inc. and other parties....
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