Vertrue Urges Judge To Confirm Ch. 11 Reorganization Plan

Law360, New York (January 18, 2013, 7:11 PM EST) -- Private equity-held direct marketer Vertrue LLC on Thursday sought a New York bankruptcy judge’s approval of its Chapter 11 reorganization plan, hoping to secure a quick exit from bankruptcy after reaching a plan that will see unsecured claim holders almost entirely shut out.

The marketing services company said the plan is the result of talks between the company and its principal stakeholders, including the first-lien agent, certain first-lien lenders and the official committee of unsecured creditors, and comes shortly after holders of first-lien and general unsecured...
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