Smurfit-Stone Ch. 11 Plan Wins Court Approval

Law360, New York (June 21, 2010, 2:36 PM EDT) -- A judge approved Smurfit-Stone Container Corp.’s reorganization plan in a hearing Monday morning, setting the path for the company to exit bankruptcy protection later this month.

A Young Conaway Stargatt & Taylor LLP lawyer who represented Smurfit-Stone in its Chapter 11 proceedings confirmed that Judge Brendan Shannon of the U.S. Bankruptcy Court for the District of Delaware signed off on the plan at a hearing early Monday.

The company said it expects to emerge from bankruptcy by June 30.

“With confirmation of the plan of reorganization,...
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