Fashion Co. Connaught's Ch. 11 Plan OK'd After $22M Sale

Law360, New York (October 10, 2012, 4:42 PM EDT) -- High-end fashion retailer Connaught Group Ltd. can begin closing out its Chapter 11 case after a New York bankruptcy judge confirmed a plan Wednesday that will see what's left of the debtor liquidated following an April deal to sell its assets for $22 million.

U.S. Bankruptcy Judge Stuart M. Bernstein confirmed Connaught's Chapter 11 liquidation plan after giving his blessing to the company's disclosure statement July 30, which allowed it to begin soliciting votes on the plan and hold hearings on confirmation Sept. 25 and again...
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