Judge Greenlights Fedders' Liquidation Plan

Law360, New York (August 25, 2008, 12:00 AM EDT) -- A federal bankruptcy judge on Friday approved bankrupt air conditioner maker Fedders North America Inc.'s amended joint liquidation plan.

Judge Brendan Shannon of the U.S. Bankruptcy Court for the District of Delaware approved the liquidation plan following several objections from insurance companies and the U.S. trustee, as well as the results of a vote of creditors approving the plan.

In June, Fedders asked the court to approve an amended disclosure statement, which it said would distribute the proceeds of its liquidation to holders of allowed claims....
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