Judge Greenlights Loehmann's Bankruptcy Exit

Law360, New York (February 7, 2011, 6:23 PM EST) -- A bankruptcy judge Monday approved Loehmann's Holdings Inc.'s restructuring plan, setting the discount retailer on a path to emerge from Chapter 11 protection by the beginning of March.

Judge Robert E. Gerber approved the plan orally in the U.S. Bankruptcy Court for the Southern District of New York. The judge must officially sign a confirmation order before the company can put its plan into effect.

“Congratulations to you on a very constructive and cooperative case,” Judge Gerber said after the hearing.

A lawyer for the company,...
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