VeraSun Gets Final Approval For Liquidation Plan

Law360, New York (October 26, 2009, 2:25 PM EDT) -- A bankruptcy judge has approved VeraSun Energy Corp.'s liquidation plan, which would merge most of its subsidiaries into one entity and cancel all shares of the company’s common stock and unsecured notes as the company winds down.

Following a confirmation hearing on Friday, Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware ruled that the liquidation plan satisfied the requirements of the Bankruptcy Code and authorized VeraSun, once one of the nation's largest ethanol producers, to put it into effect....
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