Vodka Maker's Ch. 11 Plan OK'd Despite Shareholder Protest

Law360, New York (May 13, 2013, 7:16 PM ET) -- A Delaware bankruptcy judge on Monday approved the Chapter 11 plan for vodka distributor Central European Distribution Corp. that slashes debt by $665 million but gives total control of the company to Russian billionaire Roustam Tariko over the objection of an Italian shareholder.

CEDC investor Eugenio Rainoldi will see his $3.3 million equity stake in the company wiped out with the confirmation and had argued that the process was somehow tainted with Tariko, who is also CEDC chairman and whose Roust Trading Ltd. already owns a...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Central European Distribution Corporation, et al.


Case Number

1:13-bk-10738

Court

Delaware

Nature of Suit

Date Filed

April 7, 2013

Law Firms

Companies