Tricom Disclosure Statement Gets Court Approval

Law360, New York (July 14, 2009, 12:00 AM EDT) -- A bankruptcy judge has approved Dominican telecommunications company Tricom SA's disclosure statement, pushing the company further toward an exit from Chapter 11.

Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York ruled Monday that Tricom's second amended disclosure statement was adequate, and he set an Aug. 7 deadline for creditors to vote on the plan.

Objections to the confirmation of the plan are due Aug. 5, and a confirmation hearing is set for Aug. 12.

An attorney for Tricom...
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