Malden Mills Switches To Chapter 7

Law360, New York (April 3, 2007, 12:00 AM EDT) -- Malden Mills Industries Inc.’s Chapter 11 case has been officially changed to a Chapter 7 liquidation, a conversion requested by both the company and the U.S. Trustee overseeing the bankruptcy proceedings.

On Friday, U.S. District Judge Joel B. Rosenthal signed off on an order approving the conversion following a hearing on Malden Mills’ bid to shift from Chapter 11 to Chapter 7. Malden Mills will now go by the name OM Industries Inc.

An April 9 hearing will address Malden Mills’ bid to retain CFO Edward...
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