Uno Restaurants Wins Nod For Disclosure Statement

Law360, New York (May 11, 2010, 3:40 PM EDT) -- Casual dining chain Uno Restaurants Holdings Corp. has won permission from a judge to advance a Chapter 11 plan proposing to restructure the company by handing over 100 percent of stock holdings to senior secured lenders.

Judge Martin Glenn issued an order from the bench on Tuesday in the U.S. Bankruptcy Court for the Southern District of New York approving a disclosure statement for Uno’s reorganization plan, allowing the debtor to move forward with the proposal. A confirmation hearing was set for June 21.

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