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Judge Ready To Approve Metabolife's Ch. 11 Plan

Law360 (September 11, 2007, 12:00 AM EDT) -- A bankruptcy judge said Monday that he would approve Metabolife International Inc.'s Chapter 11 plan, which calls for a $56 million fund to settle product liability suits over the diet pill ephedra.

Judge John J. Hargrove of the U.S. Bankruptcy Court for the Southern District of California said at a confirmation hearing that he would sign off on the plan once an order is submitted, according to Jesse Finlayson, an attorney for the debtor.

In addition to the ephedra fund, Metabolife will also establish another fund...
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