PBGC Deal With Global Home Subsidiary Approved

Law360, New York (December 6, 2007, 12:00 AM EST) -- A bankruptcy judge overseeing the Chapter 11 proceedings of Global Home Products LLC has approved a settlement agreement between the Pension Benefit Guaranty Corp. and a Global Home subsidiary, putting to rest disputes over claims arising from the termination of the company's pension plan.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware approved the settlement between the PBGC and Anchor Hocking CG Operating Co. LLC on Wednesday, finding that it was in the best interests of all parties involved.

Anchor Hocking,...
To view the full article, register now.