Pilgrim's Pride Poised To Win Reorganization Approval

Law360, New York (December 9, 2009, 4:09 PM EST) -- Pilgrim's Pride Corp. is moving closer to winning approval for its reorganization plan, now that the bankruptcy judge presiding over the case has indicated he will give it the green light once attorneys resolve some of its wording.

The judge in the U.S. Bankruptcy Court for the Northern District of Texas made the statements during a hearing on the plan under way this week in Fort Worth, Texas, according to spokesman for the poultry processor Ray Atkinson.

“The judge said on the record that he was...
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