Leslie Controls Inc.'s Disclosure Statement OK'd

Law360, New York (August 19, 2010, 7:57 PM EDT) -- A bankruptcy judge approved Leslie Controls Inc.’s Chapter 11 disclosure statement Thursday despite the objections of two insurance companies concerned that their contractual rights would be trampled under the valve maker’s reorganization plan.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware signed off on the statement and refused motions by Fireman’s Fund Insurance Co. and Century Indemnity Co. to postpone the plan confirmation hearing set for Oct. 12.

Leslie, a subsidiary of Circor International Inc., made a few minor changes...
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