Judge OKs LSC Ch. 11 Plan With $8M Pension Deal

Law360 (February 24, 2021, 3:42 PM EST) -- A New York bankruptcy judge on Wednesday approved a liquidation plan for bankrupt commercial printing company LSC Communications that includes nearly $8 million in payments from the company's former parent for its retirees.

Following a virtual hearing, U.S. Bankruptcy Judge Sean Lane approved the plan — which also includes $7 million for general unsecured claims — despite the U.S. Trustee Office's objection to former LSC parent RR Donnelley's agreement to pay the legal fees of some of the pension plan participants.

"The result for unsecured creditors could not be better in this difficult situation," said Gabriel Sasson, counsel for the unsecured creditors committee....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!