TLC Vision Wins Confirmation Of Ch. 11 Plan

Law360, New York (May 7, 2010, 3:36 PM EDT) -- A bankruptcy court on Friday confirmed TLC Vision Corp.'s reorganization plan, clearing the way for the eye care company to exit Chapter 11 over the objections of Lasik eye surgery patients who have launched a fraud and breach of contract suit against a TLC subsidiary.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware approved and confirmed the plan, which will see the company's assets acquired by Charlesbank Capital Partners LLC and H.I.G. Capital LLC.

The plan was sponsored by affiliates of...
To view the full article, register now.