Judge Approves Movie Gallery Disclosure Statement

Law360, New York (September 13, 2010, 11:39 AM EDT) -- Movie Gallery Inc. has won approval for its disclosure statement, paving the way for approval of the company's liquidation plan.

Judge Douglas O. Tice Jr. of the U.S. Bankruptcy Court for the Eastern District of Virginia approved the disclosure statement Friday, saying any objections to the plan that had not been resolved were overruled.

Counties in Arizona, California and Virginia filed objections to the disclosure statement regarding the treatment of tax claims after it was filed in July. But according to the docket, all the counties'...
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