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,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.