Raser Technologies Wins Approval Of Ch. 11 Plan

Law360, Wilmington (August 30, 2011, 2:50 PM EDT) -- A Delaware bankruptcy judge on Tuesday cleared Raser Technologies Inc. to implement its reorganization plan, after the geothermal energy company trimmed down and clarified release provisions that drew fire from creditors and several government entities.

U.S. Bankruptcy Judge Kevin J. Carey signed off on the plan, saying the amended release provisions — which grant protection from lawsuits — are justified under the unique circumstances of the case.

“Before I took the bench this morning, it was not looking good in my view,” the judge said. “In...
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