Judge Gives Go-Ahead To Connaught Disclosure Statement

Law360, New York (July 30, 2012, 8:33 PM EDT) -- Bankrupt high-end fashion retailer Connaught Group Ltd. can now begin soliciting votes for its Chapter 11 plan after a New York bankruptcy judge on Monday approved an amended disclosure statement and set a date for a plan confirmation hearing.

U.S. Bankruptcy Judge Stuart M. Bernstein approved the debtor's motion as it eyes an end to its bankruptcy stint after reaching a deal in April to sell itself to a joint venture between Tom James Co. and Royal Spirit Group for $22 million. The official committee of...
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