Loehmann's Wins OK To Seek Creditor Votes

Law360, New York (January 5, 2011, 5:09 PM EST) -- Bankrupt discount retailer Loehmann's Holdings Inc. has won approval for disclosures to its Chapter 11 reorganization plan, allowing the company to move forward in soliciting creditor votes on the proposal.

Judge Robert E. Gerber conditionally granted approval to the disclosure statement Wednesday in the U.S. Bankruptcy Court for the Southern District of New York, pending the submission of final order language from the debtor and its affiliates.

A lawyer for the company, Frank A. Oswald of Togut Segal & Segal LLP, told the judge that creditors...
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