MIG Wins Court Approval Of Disclosure Statement

Law360, New York (August 23, 2010, 1:10 PM EDT) -- A federal judge has approved bankrupt MIG Inc.'s disclosure statement, paving the way for the telecommunications company to solicit votes on a Chapter 11 plan that would help it pay out a $188 million judgment stemming from litigation over a post-merger appraisal.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware signed off on MIG's second amended disclosure statement, procedures for soliciting and tabulating votes, and applicable deadlines in an order Thursday.

The disclosure statement contains adequate information for voters to decide...
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