Jennifer Convertibles Ch. 11 Plan Mostly Confirmed

Law360, New York (February 7, 2011, 4:03 PM EST) -- Jennifer Convertibles Inc. has won confirmation of its restructuring plan except with respect to its affiliate Hartsdale Convertibles Inc., which was locked in a dispute with supplier Ashley Furniture Industries Inc. over trademark agreements.

Judge Allan L. Gropper of the U.S. Bankruptcy Court for the Southern District of New York on Friday confirmed the debtors' restructuring plan, ruling that Jennifer Convertibles must show that consolidating Hartsdale with the rest of the company's affiliates is appropriate with respect to the treatment of Hartsdale's creditors.

The plan restructures...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.