Foamex Senior Noteholders Accept Plan

Law360, New York (January 10, 2007, 12:00 AM EST) -- The senior secured noteholders of Foamex International Inc. have unanimously voted in favor of the company’s second amended reorganization plan, a development Foamex is touting as a sign that it is moving toward an exit from Chapter 11.

Foamex’s latest reorganization plan will be up for confirmation at a February 1 hearing in the U.S. Bankruptcy Court for the District of Delaware. Foamex’ equity holders have until January 18, 2007 to cast their votes on the plan.

New York City-based Bankruptcy Services LLC received 49 so-called...
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