Melinta's Ch. 11 Plan Docs Approved With New Information

Law360, Wilmington, Del. (February 21, 2020, 6:25 PM EST) -- Antibiotics maker Melinta Therapeutics Inc. received court approval Friday in Delaware for its Chapter 11 plan disclosure statement after the debtor agreed to add new information regarding its intent to substantively consolidate its estates for distribution purposes.

During a hearing in Wilmington, debtor attorney Christopher M. Dressel of Skadden Arps Slate Meagher & Flom LLP said objections from the U.S. Securities and Exchange Commission, the U.S. trustee's office and creditor Vatera Healthcare Partners LLC would be resolved by the addition of the new information about the consolidation plan.

"I am saying that there are factors on both sides of the ledger....

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