Rotech's Ch. 11 Reorganization Gets Judge's Thumbs-Up

Law360, Wilmington (August 29, 2013, 6:06 PM EDT) -- A Delaware bankruptcy judge confirmed Rotech Healthcare Inc.'s Chapter 11 plan Thursday, blessing a reorganization that will see the medical equipment supplier exit court protection with a healthier balance sheet.

Thursday's half-hour confirmation hearing brought a swift, if anticlimactic, end to what had been contentious case, where shareholders had fought Rotech's contention that it was hopelessly out of the money.

“I reserved two days for this, and I was not looking forward to it,” U.S. Bankruptcy Judge Peter J. Walsh said after signing off on the...
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