MPC Wins Disclosure Statement OK After Gateway Deal

Law360, New York (December 16, 2010, 7:58 PM EST) -- MPC Computers LLC received bankruptcy court approval Thursday for its amended disclosure statement, which had been delayed for nearly a year while the company wrangled with Gateway Inc. over claims stemming from a 2007 transaction gone awry.

At a hearing in the U.S. Bankruptcy Court for the District of Delaware, Judge Peter J. Walsh said he would sign off on the document after the debtor made alterations to give creditors a better idea of their potential recoveries.

During its Chapter 11 process, MPC has ceased operations...
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