Cooper-Standard's Disclosure Statement Gets OK

Law360, New York (March 29, 2010, 7:49 PM EDT) -- A federal judge has approved Cooper-Standard Holdings Inc.'s amended disclosure statement, paving the way for the bankrupt auto parts company to solicit creditors for approval of its reorganization plan.

Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware approved the disclosure statement on Friday, the same day he signed off on an agreement that will provide Cooper-Standard with a committed equity investment of $355 million.

A confirmation hearing has been set for May 12 before Judge Walsh, with objections due by...
To view the full article, register now.