CDX Disclosure Statement Wins Court Approval

Law360, New York (August 11, 2009, 12:23 PM EDT) -- Bankrupt natural gas exploration company CDX Gas LLC has won approval of its disclosure statement, despite objections from a coal company that the statement did not clearly define how certain contracts would be treated.

Judge Letitia Paul of the U.S. District Court for the Southern District of Texas ruled Monday that Houston-based CDX’s second amended disclosure statement contained enough detail to allow investors and claims holders to be able to make an informed estimate of how their claims would be treated.

On June 30, International Coal...
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