Judge OKs Global Power's Disclosure Statement

Law360, New York (November 1, 2007, 12:00 AM EDT) -- In a development Global Power Equipment Group Inc. said sets the stage for it to emerge from bankruptcy as early as the end of 2007, the judge overseeing the company's Chapter 11 proceedings has given his blessing to its disclosure statement, clearing the way for Global Power to begin soliciting support for its restructuring plan.

On Wednesday, U.S. Bankruptcy Judge Brendan L. Shannon signed an order approving Global Power's disclosure statement and solicitation procedures, and officially scheduling a confirmation hearing for Dec. 20.

Also on Wednesday,...
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