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Wolverine Tube Disclosure Statement Wins Court OK

Law360 (April 15, 2011, 7:23 PM EDT) -- A Delaware bankruptcy judge on Friday approved the disclosure statement for copper tube maker Wolverine Tube Inc.’s Chapter 11 plan, which seeks to convert more than $100 million in notes to equity and resolve $131 million in pension-related claims.

Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware gave the green light to Wolverine’s disclosure statement and cleared the way for the overleveraged manufacturer to solicit votes for a plan built on support from key stakeholders and pension plan manager the...
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