With Plan Cleared, Pierre Foods To Exit Ch. 11

Law360, New York (December 11, 2008, 12:00 AM EST) -- Things are looking sweet for prepackaged baked goods maker Pierre Foods Inc., which expects to emerge from Chapter 11 within the next few days now that a bankruptcy court has confirmed its plan of reorganization.

A judge in the U.S. Bankruptcy Court for the District of Delaware signed an order Wednesday confirming Pierre Foods' reorganization plan following a confirmation hearing, finding that the plan was conceived in good faith and complied with the U.S. Bankruptcy Code.

The bankruptcy court also waived the statutory 10-day stay period...
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