US Energy Wins Disclosure Statement OK

Law360, New York (August 11, 2010, 3:05 PM EDT) -- Bankrupt power systems integrator U.S. Energy Systems Inc. has won a stamp of approval for its disclosure statement, paving the way for the company to send its blueprint for reorganization to creditors for a vote.

Judge Robert D. Drain filed the go-ahead Tuesday in the U.S. Bankruptcy Court for the Southern District of New York, ruling that the statement contained adequate information for creditors to cast their votes by Sept. 24.

A confirmation hearing is slated to take place Oct. 5.

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