Judge OKs Twinkie Maker's Disclosure Statement

Law360, New York (January 30, 2008, 12:00 AM EST) -- Despite a last-minute objection from the company's unsecured creditors, a court has approved the disclosure statement filed by Interstate Bakeries Corp., giving the Twinkie maker the green light to solicit support from creditors.

In a ruling handed down Tuesday, a judge in the U.S. District Court for the Western District of Missouri said that IBC's first amended disclosure statement would adequately inform creditors of the company's plans for emerging from Chapter 11 protection.

IBC said that it would mail the plan to creditors by Feb. 4...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.