Raser Gets OK For Creditors To Vote On Ch. 11 Plan

Law360, Wilmington (August 1, 2011, 6:06 PM EDT) -- A Delaware bankruptcy judge on Monday cleared Raser Technologies Inc. to send its reorganization plan to creditors for a vote after the troubled geothermal energy company settled with one disgruntled creditor to fend off a potential competing plan.

U.S. Bankruptcy Judge Kevin J. Carey said at a telephone hearing that he would sign off on Raser’s disclosure statement explaining the plan once it is submitted in its final form, and he set an Aug. 30 hearing to consider confirmation of the plan.

Raser removed a potential...
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