Qimonda Creditors Cleared To Vote On Liquidation Plan

Law360, Wilmington (July 12, 2011, 3:18 PM EDT) -- Qimonda Richmond LLC won Delaware bankruptcy court approval Tuesday for a disclosure statement related to its Chapter 11 liquidation plan, clearing the defunct chip maker to send the documents out for a creditor vote.

U.S. Bankruptcy Judge Mary F. Walrath signed off on the statement and set a Sept. 19 confirmation hearing for the liquidation plan, which is co-sponsored by the company's official committee of unsecured creditors.

“I’m happy to approve it as there are no objections that have not been resolved,” the judge said....
To view the full article, register now.