GSI Group Wins Ch. 11 Plan Confirmation

Law360, New York (June 2, 2010, 2:46 PM EDT) -- A bankruptcy court judge has signed off on GSI Group Inc.'s modified reorganization plan, putting the precision motion device and laser developer on the path to emerge from Chapter 11 protection as early as this summer.

In an order issued May 27, Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware approved the fourth modified joint Chapter 11 plan of reorganization for GSI and certain subsidiaries. The final plan reflects changes made as a result of a deal reached with key...
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