EZ Lube Tuneup Reorganization Gets Thumbs-Up

Law360, New York (November 2, 2009, 12:43 PM EST) -- A bankruptcy court judge has approved EZ Lube LLC's Chapter 11 reorganization plan, setting the stage for the oil-change chain's emergence from court protection.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware signed the order Friday after a hearing that day. In overruling several objections to the plan, Judge Sontchi said the plan was filed in good faith and represented the best returns for creditors.

“Thus, the plan provides a superior recovery to creditors than conversion of the cases from...
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